Telefonica Brasil S.A. (VIV) Stake Decreased by OxFORD Asset Management LLP

OxFORD Asset Management LLP trimmed its position in shares of Telefonica Brasil S.A. (NYSE:VIV) by 68.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 437,131 shares of the Wireless communications provider’s stock after selling 945,336 shares during the quarter. OxFORD Asset Management LLP’s holdings in Telefonica Brasil were worth $6,930,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Artisan Partners Limited Partnership lifted its position in Telefonica Brasil by 4.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 74,619,075 shares of the Wireless communications provider’s stock valued at $1,006,611,000 after acquiring an additional 3,236,064 shares in the last quarter. Citigroup Inc. lifted its position in Telefonica Brasil by 1,685.8% in the 2nd quarter. Citigroup Inc. now owns 1,310,961 shares of the Wireless communications provider’s stock valued at $17,684,000 after acquiring an additional 1,237,552 shares in the last quarter. Tocqueville Asset Management L.P. lifted its position in Telefonica Brasil by 106.8% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 1,481,042 shares of the Wireless communications provider’s stock valued at $19,979,000 after acquiring an additional 764,760 shares in the last quarter. Banco BTG Pactual S.A. bought a new stake in Telefonica Brasil in the 2nd quarter valued at $7,088,000. Finally, BNP Paribas Arbitrage SA lifted its position in Telefonica Brasil by 488.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 470,757 shares of the Wireless communications provider’s stock valued at $6,351,000 after acquiring an additional 390,711 shares in the last quarter. 9.50% of the stock is currently owned by institutional investors.

Shares of Telefonica Brasil S.A. (NYSE:VIV) traded up $0.28 during mid-day trading on Monday, reaching $14.84. 1,404,000 shares of the company’s stock traded hands, compared to its average volume of 1,371,945. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.07. Telefonica Brasil S.A. has a 12-month low of $11.95 and a 12-month high of $16.85. The firm has a market cap of $25,060.22, a price-to-earnings ratio of 18.55, a P/E/G ratio of 1.41 and a beta of 1.35.

VIV has been the topic of several research reports. Zacks Investment Research cut shares of Telefonica Brasil from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. Barclays boosted their price objective on shares of Telefonica Brasil from $17.00 to $17.50 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $15.00 price objective on shares of Telefonica Brasil in a research report on Monday, August 14th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $15.60 price objective on shares of Telefonica Brasil in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.03.

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About Telefonica Brasil

Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.

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Institutional Ownership by Quarter for Telefonica Brasil (NYSE:VIV)

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