Bank Hapoalim BM lowered its position in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 54.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 12,335 shares of the Wireless communications provider’s stock after selling 14,965 shares during the quarter. Bank Hapoalim BM’s holdings in China Mobile (Hong Kong) were worth $624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of China Mobile (Hong Kong) by 26.4% in the 1st quarter. Vanguard Group Inc. now owns 139,011 shares of the Wireless communications provider’s stock valued at $7,677,000 after buying an additional 29,022 shares during the period. BlackRock Inc. lifted its holdings in shares of China Mobile (Hong Kong) by 351.7% in the 1st quarter. BlackRock Inc. now owns 3,114,943 shares of the Wireless communications provider’s stock valued at $172,038,000 after buying an additional 2,425,378 shares during the period. Bank of Montreal Can lifted its holdings in shares of China Mobile (Hong Kong) by 25.3% in the 2nd quarter. Bank of Montreal Can now owns 230,423 shares of the Wireless communications provider’s stock valued at $12,233,000 after buying an additional 46,551 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of China Mobile (Hong Kong) in the 2nd quarter valued at about $1,062,000. Finally, Sit Investment Associates Inc. lifted its holdings in shares of China Mobile (Hong Kong) by 18.3% in the 2nd quarter. Sit Investment Associates Inc. now owns 7,450 shares of the Wireless communications provider’s stock valued at $396,000 after buying an additional 1,150 shares during the period. 1.98% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on CHL. Zacks Investment Research cut China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a report on Friday, August 25th. BidaskClub raised China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Finally, Bank of America Corporation began coverage on China Mobile (Hong Kong) in a report on Wednesday, August 30th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. China Mobile (Hong Kong) presently has an average rating of “Hold” and an average target price of $57.00.

Shares of China Mobile (NYSE CHL) traded down $0.15 during trading on Thursday, hitting $50.37. The company had a trading volume of 150,355 shares, compared to its average volume of 637,318. China Mobile has a 1 year low of $50.00 and a 1 year high of $58.83.

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China Mobile (Hong Kong) Company Profile

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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