AQR Capital Management LLC decreased its position in shares of Telefonica Brasil S.A. (NYSE:VIV) by 38.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,547 shares of the Wireless communications provider’s stock after selling 46,223 shares during the period. AQR Capital Management LLC’s holdings in Telefonica Brasil were worth $1,092,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Telefonica Brasil by 2.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,604 shares of the Wireless communications provider’s stock worth $143,000 after buying an additional 200 shares during the last quarter. Princeton Alpha Management LP acquired a new stake in shares of Telefonica Brasil during the first quarter worth about $158,000. GRATRY & Co LLC increased its stake in shares of Telefonica Brasil by 1.1% in the first quarter. GRATRY & Co LLC now owns 11,352 shares of the Wireless communications provider’s stock worth $169,000 after buying an additional 125 shares during the last quarter. AXA acquired a new stake in shares of Telefonica Brasil during the first quarter worth about $177,000. Finally, Sei Investments Co. increased its stake in shares of Telefonica Brasil by 9.2% in the first quarter. Sei Investments Co. now owns 15,340 shares of the Wireless communications provider’s stock worth $228,000 after buying an additional 1,287 shares during the last quarter. 10.88% of the stock is owned by hedge funds and other institutional investors.

Telefonica Brasil S.A. (NYSE:VIV) traded up 0.53% on Monday, hitting $15.27. 211,664 shares of the company were exchanged. The company has a market capitalization of $25.79 billion, a P/E ratio of 20.86 and a beta of 1.34. The firm’s 50 day moving average is $14.04 and its 200 day moving average is $14.54. Telefonica Brasil S.A. has a 52 week low of $11.95 and a 52 week high of $15.69.

Telefonica Brasil (NYSE:VIV) last released its quarterly earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.06. The firm had revenue of $3.33 billion for the quarter. Telefonica Brasil had a net margin of 9.41% and a return on equity of 5.91%. On average, equities research analysts forecast that Telefonica Brasil S.A. will post $0.92 earnings per share for the current fiscal year.

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A number of brokerages have recently issued reports on VIV. Zacks Investment Research downgraded shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Royal Bank Of Canada reissued a “hold” rating and set a $15.50 price objective on shares of Telefonica Brasil in a research report on Tuesday, May 16th. Finally, BidaskClub raised shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Telefonica Brasil presently has a consensus rating of “Buy” and an average price target of $15.50.

Telefonica Brasil Company Profile

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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