Central Asset Investments & Management Holdings HK Ltd reduced its position in China Mobile Ltd. (NYSE:CHL) by 38.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 54,755 shares of the Wireless communications provider’s stock after selling 33,714 shares during the period. China Mobile comprises approximately 2.0% of Central Asset Investments & Management Holdings HK Ltd’s holdings, making the stock its 10th biggest holding. Central Asset Investments & Management Holdings HK Ltd’s holdings in China Mobile were worth $2,769,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CHL. Westside Investment Management Inc. boosted its holdings in shares of China Mobile by 507.6% in the 3rd quarter. Westside Investment Management Inc. now owns 3,099 shares of the Wireless communications provider’s stock valued at $156,000 after purchasing an additional 2,589 shares during the last quarter. Israel Discount Bank of New York boosted its holdings in shares of China Mobile by 43.0% in the 2nd quarter. Israel Discount Bank of New York now owns 3,075 shares of the Wireless communications provider’s stock valued at $163,000 after purchasing an additional 925 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of China Mobile by 61.9% in the 3rd 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. High Pointe Capital Management LLC acquired a new position in shares of China Mobile in the 2nd quarter valued at $205,000. Finally, Well Done LLC acquired a new position in shares of China Mobile in the 3rd quarter valued at $205,000. 2.01% of the stock is owned by hedge funds and other institutional investors.

China Mobile Ltd. (CHL) opened at $49.16 on Thursday. China Mobile Ltd. has a 1-year low of $48.70 and a 1-year high of $58.83.

A number of equities analysts have weighed in on CHL shares. Zacks Investment Research upgraded shares of China Mobile from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Friday, August 18th. Bank of America started coverage on shares of China Mobile in a report on Wednesday, August 30th. They issued a “buy” rating on the stock. Finally, ValuEngine upgraded shares of China Mobile from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.00.

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China Mobile 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.

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

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