Commerzbank Aktiengesellschaft FI boosted its holdings in China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 17.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,982 shares of the Wireless communications provider’s stock after buying an additional 2,783 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in China Mobile (Hong Kong) were worth $960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew 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 valued at $7,677,000 after purchasing an additional 29,022 shares in the last quarter. Sei Investments Co. grew its position in shares of China Mobile (Hong Kong) by 29.2% during the 2nd quarter. Sei Investments Co. now owns 137,219 shares of the Wireless communications provider’s stock valued at $7,285,000 after purchasing an additional 31,032 shares in the last quarter. TD Asset Management Inc. grew its position in shares of China Mobile (Hong Kong) by 31.7% during the 2nd quarter. TD Asset Management Inc. now owns 33,246 shares of the Wireless communications provider’s stock valued at $1,765,000 after purchasing an additional 7,996 shares in the last quarter. Boston Partners grew its position in shares of China Mobile (Hong Kong) by 702.2% during the 2nd quarter. Boston Partners now owns 47,274 shares of the Wireless communications provider’s stock valued at $2,510,000 after purchasing an additional 41,381 shares in the last quarter. Finally, Athos Capital Ltd purchased a new position in China Mobile (Hong Kong) in the second quarter worth $3,791,000. Institutional investors and hedge funds own 2.01% of the company’s stock.

China Mobile (NYSE:CHL) opened at $49.16 on Friday. China Mobile has a 1 year low of $49.00 and a 1 year high of $58.83.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, August 28th. BidaskClub upgraded shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. ValuEngine upgraded shares of China Mobile (Hong Kong) from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Bank of America 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average 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.

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

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