China Mobile Limited (CHL) Holder Harding Loevner LP Decreased Its Holding as Stock Price Declined

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Harding Loevner Lp decreased its stake in China Mobile Limited (CHL) by 1.31% based on its latest 2019Q2 regulatory filing with the SEC. Harding Loevner Lp sold 132,269 shares as the company’s stock declined 10.43% . The hedge fund held 9.95M shares of the telecommunications equipment company at the end of 2019Q2, valued at $450.46M, down from 10.08 million at the end of the previous reported quarter. Harding Loevner Lp who had been investing in China Mobile Limited for a number of months, seems to be less bullish one the $175.67 billion market cap company. The stock decreased 0.15% or $0.06 during the last trading session, reaching $42.76. About 497,822 shares traded. China Mobile Limited (NYSE:CHL) has declined 4.40% since September 13, 2018 and is downtrending. It has underperformed by 4.40% the S&P500.

Harding Loevner Lp, which manages about $36.30B and $21.78 billion US Long portfolio, upped its stake in Netease Inc (NASDAQ:NTES) by 520,417 shares to 520,728 shares, valued at $133.19 million in 2019Q2, according to the filing. It also increased its holding in Itau Unibanco Hldg Sa (NYSE:ITUB) by 567,602 shares in the quarter, for a total of 84.77M shares, and has risen its stake in Banco Bilbao Vizcaya Argenta (NYSE:BBVA).

More notable recent China Mobile Limited (NYSE:CHL) news were published by: Benzinga.com which released: “75 Biggest Movers From Yesterday – Benzinga” on August 16, 2019, also Benzinga.com with their article: “28 Stocks Moving in Thursday’s Pre-Market Session – Benzinga” published on August 15, 2019, Forbes.com published: “How Does China Mobile’s Wireline Broadband Business Compare With Its Peers? – Forbes” on June 13, 2019. More interesting news about China Mobile Limited (NYSE:CHL) were released by: Seekingalpha.com and their article: “Stocks To Watch: Planes, Trains And Automobiles – Seeking Alpha” published on August 31, 2019 as well as Finance.Yahoo.com‘s news article titled: “6 Guru Stocks With Negative Performances – Yahoo Finance” with publication date: September 11, 2019.

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