Assetmark Inc. decreased its holdings in China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 45.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,530 shares of the Wireless communications provider’s stock after selling 3,789 shares during the period. Assetmark Inc.’s holdings in China Mobile (Hong Kong) were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. BB&T Corp lifted its position in shares of China Mobile (Hong Kong) by 2.4% during the 3rd quarter. BB&T Corp now owns 88,959 shares of the Wireless communications provider’s stock worth $4,498,000 after purchasing an additional 2,124 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of China Mobile (Hong Kong) by 26.4% during the 1st quarter. Vanguard Group Inc. now owns 139,011 shares of the Wireless communications provider’s stock worth $7,677,000 after purchasing an additional 29,022 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of China Mobile (Hong Kong) by 20.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,063,227 shares of the Wireless communications provider’s stock worth $162,627,000 after purchasing an additional 525,370 shares during the last quarter. BT Investment Management Ltd purchased a new stake in shares of China Mobile (Hong Kong) during the 2nd quarter worth $42,224,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in shares of China Mobile (Hong Kong) during the 3rd quarter worth $8,091,000. Institutional investors and hedge funds own 1.94% of the company’s stock.

Shares of China Mobile (CHL) opened at $51.31 on Friday. China Mobile has a 1-year low of $50.00 and a 1-year high of $58.83.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Monday, August 28th. BidaskClub raised shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Bank of America Corporation assumed coverage on shares of China Mobile (Hong Kong) in a research report on Wednesday, August 30th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.00.

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About China Mobile (Hong Kong)

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 (Hong Kong) (NYSE:CHL)

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