Freestone Capital Holdings LLC Has $10.65 Million Stake in China Mobile Ltd. (CHL)

Freestone Capital Holdings LLC lessened its position in China Mobile Ltd. (NYSE:CHL) by 3.7% in the third quarter, HoldingsChannel.com reports. The fund owned 217,681 shares of the Wireless communications provider’s stock after selling 8,343 shares during the period. Freestone Capital Holdings LLC’s holdings in China Mobile were worth $10,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in CHL. NumerixS Investment Technologies Inc bought a new position in shares of China Mobile in the 2nd quarter valued at about $129,000. Stelac Advisory Services LLC bought a new position in shares of China Mobile in the 3rd quarter valued at about $139,000. Synovus Financial Corp boosted its holdings in shares of China Mobile by 61.2% during the 3rd quarter. Synovus Financial Corp now owns 2,938 shares of the Wireless communications provider’s stock worth $144,000 after buying an additional 1,115 shares during the period. Congress Park Capital LLC bought a new stake in shares of China Mobile during the 2nd quarter worth about $204,000. Finally, HighPoint Advisor Group LLC bought a new stake in shares of China Mobile during the 3rd quarter worth about $213,000. 1.99% of the stock is owned by institutional investors.

Several analysts recently commented on CHL shares. ValuEngine raised shares of China Mobile from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research raised shares of China Mobile from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Monday, August 13th. Credit Suisse Group downgraded shares of China Mobile from an “outperform” rating to a “neutral” rating in a report on Friday, October 26th. Mizuho downgraded shares of China Mobile from a “neutral” rating to an “underperform” rating in a report on Monday, November 19th. Finally, BNP Paribas downgraded shares of China Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $56.00.

Shares of CHL stock opened at $48.08 on Friday. The stock has a market cap of $195.99 billion, a P/E ratio of 11.64, a P/E/G ratio of 2.82 and a beta of 0.65. China Mobile Ltd. has a 52 week low of $43.25 and a 52 week high of $53.23.

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China Mobile Profile

China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers voice services, including local calls; domestic and international long distance calls and roaming services; and value-added services, such as caller identity display, call waiting, conference calls, and others.

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

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