Oppenheimer Asset Management Inc. trimmed its stake in Orange SA (NYSE:ORAN) by 3.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 86,829 shares of the technology company’s stock after selling 3,426 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Orange were worth $1,447,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in ORAN. PNC Financial Services Group Inc. increased its holdings in shares of Orange by 11.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 30,527 shares of the technology company’s stock valued at $509,000 after purchasing an additional 3,106 shares in the last quarter. Ausdal Financial Partners Inc. purchased a new position in shares of Orange in the 2nd quarter valued at about $180,000. Sei Investments Co. increased its holdings in shares of Orange by 40.9% in the 2nd quarter. Sei Investments Co. now owns 16,613 shares of the technology company’s stock valued at $277,000 after purchasing an additional 4,819 shares in the last quarter. Bbva Compass Bancshares Inc. increased its holdings in shares of Orange by 3.2% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 112,429 shares of the technology company’s stock valued at $1,874,000 after purchasing an additional 3,491 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Orange by 18.2% in the 2nd quarter. First Trust Advisors LP now owns 102,663 shares of the technology company’s stock valued at $1,711,000 after purchasing an additional 15,833 shares in the last quarter. 1.44% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on ORAN shares. Argus started coverage on shares of Orange in a report on Monday, July 16th. They issued a “buy” rating and a $21.00 price target for the company. Zacks Investment Research raised shares of Orange from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.50.

Shares of NYSE ORAN opened at $16.03 on Wednesday. The stock has a market capitalization of $42.99 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 0.52 and a beta of 0.64. Orange SA has a 52 week low of $15.89 and a 52 week high of $18.57. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.72 and a current ratio of 0.75.

About Orange

Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East. It offers mobile, fixed-line telephony, fixed broadband, business solutions and networks, and carrier services; sells mobile devices, equipment, and accessories; and sells and rents fixed-line equipment.

See Also: Closed-End Mutual Funds (CEFs)

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Institutional Ownership by Quarter for Orange (NYSE:ORAN)

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