Checchi Capital Advisers LLC boosted its position in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,942 shares of the Wireless communications provider’s stock after buying an additional 450 shares during the period. Checchi Capital Advisers LLC’s holdings in China Mobile (Hong Kong) were worth $899,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of China Mobile (Hong Kong) by 12.0% in the first quarter. Bank of Montreal Can now owns 183,872 shares of the Wireless communications provider’s stock worth $10,155,000 after buying an additional 19,771 shares during the last quarter. Atria Investments LLC raised its stake in shares of China Mobile (Hong Kong) by 6.9% in the first quarter. Atria Investments LLC now owns 4,685 shares of the Wireless communications provider’s stock worth $259,000 after buying an additional 301 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of China Mobile (Hong Kong) during the first quarter worth approximately $436,000. Kissinger Financial Services LLC purchased a new stake in shares of China Mobile (Hong Kong) during the first quarter worth approximately $228,000. Finally, Reilly Financial Advisors LLC raised its stake in shares of China Mobile (Hong Kong) by 6.6% in the first quarter. Reilly Financial Advisors LLC now owns 17,771 shares of the Wireless communications provider’s stock worth $981,000 after buying an additional 1,108 shares during the last quarter. 1.96% of the stock is owned by institutional investors and hedge funds.

China Mobile (NYSE CHL) opened at 56.08 on Tuesday. The firm’s 50-day moving average price is $53.30 and its 200-day moving average price is $54.69. The firm has a market cap of $229.65 billion, a P/E ratio of 13.92 and a beta of 0.30. China Mobile has a 1-year low of $51.30 and a 1-year high of $63.72.

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A number of analysts recently commented on CHL shares. Zacks Investment Research lowered China Mobile (Hong Kong) from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. BidaskClub lowered China Mobile (Hong Kong) from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Morgan Stanley lowered China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. China Mobile (Hong Kong) has a consensus rating of “Hold” and a consensus price target of $60.00.

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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