Atomi Financial Group Inc. Sells 2,590 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Atomi Financial Group Inc. decreased its position in Telefônica Brasil S.A. (NYSE:VIV) by 13.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,283 shares of the Wireless communications provider’s stock after selling 2,590 shares during the quarter. Atomi Financial Group Inc.’s holdings in Telefônica Brasil were worth $123,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VIV. Stifel Financial Corp grew its stake in Telefônica Brasil by 41.1% during the third quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider’s stock worth $2,716,000 after buying an additional 77,005 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Telefônica Brasil by 49.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,171,789 shares of the Wireless communications provider’s stock valued at $12,034,000 after acquiring an additional 385,207 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in shares of Telefônica Brasil by 14.3% in the 2nd quarter. Brandes Investment Partners LP now owns 2,206,334 shares of the Wireless communications provider’s stock worth $18,261,000 after acquiring an additional 275,569 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Telefônica Brasil during the 3rd quarter worth approximately $5,135,000. Finally, Millennium Management LLC increased its holdings in Telefônica Brasil by 96.8% during the 2nd quarter. Millennium Management LLC now owns 544,019 shares of the Wireless communications provider’s stock valued at $4,466,000 after purchasing an additional 267,652 shares in the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefônica Brasil Price Performance

Shares of VIV stock opened at $8.86 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. Telefônica Brasil S.A. has a 12 month low of $7.47 and a 12 month high of $11.43. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.79 and a beta of 0.78. The stock has a 50-day moving average price of $8.17 and a 200 day moving average price of $8.95.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company earned $0.18 EPS. Research analysts expect that Telefônica Brasil S.A. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on VIV shares. The Goldman Sachs Group decreased their target price on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a report on Thursday, December 19th. New Street Research cut shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Finally, Barclays raised their price target on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.47.

Telefônica Brasil Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.