Credit Agricole S A cut its position in shares of China Mobile Ltd. (NYSE:CHL) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,064 shares of the Wireless communications provider’s stock after selling 339 shares during the period. Credit Agricole S A’s holdings in China Mobile were worth $108,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Axiom International Investors LLC DE boosted its position in shares of China Mobile by 9.9% in the fourth quarter. Axiom International Investors LLC DE now owns 11,100 shares of the Wireless communications provider’s stock worth $582,000 after buying an additional 1,000 shares in the last quarter. Thornburg Investment Management Inc. boosted its position in shares of China Mobile by 225.3% in the fourth quarter. Thornburg Investment Management Inc. now owns 366,274 shares of the Wireless communications provider’s stock worth $19,204,000 after buying an additional 253,674 shares in the last quarter. Renaissance Group LLC boosted its position in shares of China Mobile by 3.0% in the fourth quarter. Renaissance Group LLC now owns 238,714 shares of the Wireless communications provider’s stock worth $12,516,000 after buying an additional 6,973 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of China Mobile by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,819,794 shares of the Wireless communications provider’s stock worth $200,317,000 after buying an additional 78,699 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of China Mobile by 9.1% in the fourth quarter. Private Advisor Group LLC now owns 5,157 shares of the Wireless communications provider’s stock worth $281,000 after buying an additional 432 shares in the last quarter. 1.88% of the stock is owned by institutional investors and hedge funds.
China Mobile Ltd. (NYSE:CHL) traded down 0.07% on Friday, hitting $53.87. 339,322 shares of the stock traded hands. The firm has a market capitalization of $220.60 billion, a PE ratio of 13.99 and a beta of 0.47. The stock has a 50 day moving average of $55.22 and a 200 day moving average of $55.81. China Mobile Ltd. has a 52 week low of $51.73 and a 52 week high of $63.89.
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CHL has been the topic of several research reports. HSBC Holdings plc cut shares of China Mobile from a “buy” rating to a “hold” rating in a research report on Thursday, March 23rd. Deutsche Bank AG upgraded shares of China Mobile from a “hold” rating to a “buy” rating in a research note on Tuesday, January 31st. Finally, Zacks Investment Research lowered shares of China Mobile from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 18th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. China Mobile has a consensus rating of “Hold” and an average price target of $68.00.
About China Mobile
China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses and Wireline Broadband 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.
