China Mobile Limited (CHL) Shares Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. raised its stake in China Mobile Limited (NYSE:CHL) by 22.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,381 shares of the Wireless communications provider’s stock after buying an additional 2,600 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in China Mobile Limited were worth $727,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. JFS Wealth Advisors LLC increased its holdings in shares of China Mobile Limited by 19.0% in the 2nd quarter. JFS Wealth Advisors LLC now owns 2,138 shares of the Wireless communications provider’s stock worth $114,000 after buying an additional 342 shares during the last quarter. Israel Discount Bank of New York increased its holdings in shares of China Mobile Limited 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 worth $163,000 after buying an additional 925 shares during the last quarter. High Pointe Capital Management LLC bought a new position in shares of China Mobile Limited in the 2nd quarter worth $205,000. National Asset Management Inc. increased its holdings in shares of China Mobile Limited by 2.5% in the 2nd quarter. National Asset Management Inc. now owns 4,016 shares of the Wireless communications provider’s stock worth $215,000 after buying an additional 99 shares during the last quarter. Finally, Well Done LLC bought a new position in shares of China Mobile Limited in the 3rd quarter worth $205,000. 1.99% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on CHL shares. Zacks Investment Research raised shares of China Mobile Limited 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 Corporation started coverage on shares of China Mobile Limited in a report on Wednesday, August 30th. They set a “buy” rating on the stock. Finally, BidaskClub raised shares of China Mobile Limited from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $57.00.

China Mobile Limited (CHL) traded up $0.61 during mid-day trading on Friday, hitting $51.59. 547,200 shares of the company traded hands, compared to its average volume of 720,421. China Mobile Limited has a 52 week low of $50.00 and a 52 week high of $58.83.

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China Mobile Limited 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 Limited (NYSE:CHL)

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