Waterfront Wealth Inc. Has $1.61 Million Holdings in Telefônica Brasil S.A. (NYSE:VIV)

Waterfront Wealth Inc. boosted its position in Telefônica Brasil S.A. (NYSE:VIV) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 212,575 shares of the Wireless communications provider’s stock after buying an additional 2,362 shares during the quarter. Waterfront Wealth Inc.’s holdings in Telefônica Brasil were worth $1,605,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in Telefônica Brasil by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 1,543 shares during the last quarter. Allworth Financial LP grew its position in Telefônica Brasil by 86.4% in the 4th quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 1,933 shares during the last quarter. R Squared Ltd acquired a new stake in Telefônica Brasil in the 4th quarter worth $37,000. Blue Trust Inc. grew its position in Telefônica Brasil by 87.5% in the 3rd quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock worth $62,000 after purchasing an additional 2,812 shares during the last quarter. Finally, DAVENPORT & Co LLC acquired a new stake in Telefônica Brasil in the 4th quarter worth $78,000. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VIV has been the topic of several research analyst reports. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 9th. The Goldman Sachs Group decreased their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research report on Thursday, December 19th. New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Finally, Barclays raised their price target on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.47.

Telefônica Brasil Price Performance

NYSE:VIV opened at $9.10 on Friday. The company has a 50-day moving average of $8.29 and a 200-day moving average of $8.98. The company has a market capitalization of $15.03 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.85 and a beta of 0.79. Telefônica Brasil S.A. has a 52 week low of $7.47 and a 52 week high of $11.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96.

About Telefônica Brasil

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.