Crestline Management LP bought a new stake in shares of China Mobile Ltd. (NYSE:CHL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 73,400 shares of the Wireless communications provider’s stock, valued at approximately $3,710,000. China Mobile comprises 0.4% of Crestline Management LP’s investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors also recently made changes to their positions in the business. Parallel Advisors LLC lifted its position in China Mobile by 18.6% during the third quarter. Parallel Advisors LLC now owns 6,668 shares of the Wireless communications provider’s stock valued at $341,000 after purchasing an additional 1,045 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in China Mobile by 7.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 16,543 shares of the Wireless communications provider’s stock valued at $836,000 after purchasing an additional 1,177 shares during the last quarter. BlueCrest Capital Management Ltd lifted its position in China Mobile by 24.3% during the fourth quarter. BlueCrest Capital Management Ltd now owns 6,215 shares of the Wireless communications provider’s stock valued at $314,000 after purchasing an additional 1,215 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in China Mobile by 61.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,237 shares of the Wireless communications provider’s stock valued at $164,000 after purchasing an additional 1,237 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA lifted its position in China Mobile by 162.1% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 2,524 shares of the Wireless communications provider’s stock valued at $128,000 after purchasing an additional 1,561 shares during the last quarter. Institutional investors and hedge funds own 1.92% of the company’s stock.

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CHL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of China Mobile from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Wednesday, February 14th. Nomura lowered shares of China Mobile from a “buy” rating to a “neutral” rating in a research report on Monday. ValuEngine upgraded shares of China Mobile from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, HSBC upgraded shares of China Mobile from a “hold” rating to a “buy” rating in a research report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $51.00.

Shares of China Mobile Ltd. (NYSE:CHL) traded up $0.34 during trading on Wednesday, reaching $45.83. 98,308 shares of the company’s stock traded hands, compared to its average volume of 902,227. The company has a market capitalization of $188,650.00, a price-to-earnings ratio of 10.71, a PEG ratio of 2.10 and a beta of 0.52. China Mobile Ltd. has a twelve month low of $45.09 and a twelve month high of $58.83.

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About China Mobile

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.

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Institutional Ownership by Quarter for China Mobile (NYSE:CHL)

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