JPMorgan Chase & Co. boosted its position in shares of Orange SA (NASDAQ:ORAN) by 10,463.4% during the first quarter, Holdings Channel reports. The firm owned 47,641 shares of the technology company’s stock after buying an additional 47,190 shares during the period. JPMorgan Chase & Co.’s holdings in Orange SA were worth $740,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Creative Planning increased its position in shares of Orange SA by 9.5% in the first quarter. Creative Planning now owns 6,505 shares of the technology company’s stock worth $101,000 after buying an additional 564 shares during the period. Sei Investments Co. increased its position in shares of Orange SA by 12.5% in the first quarter. Sei Investments Co. now owns 6,509 shares of the technology company’s stock worth $101,000 after buying an additional 721 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Orange SA by 23.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,971 shares of the technology company’s stock worth $155,000 after buying an additional 1,881 shares during the period. Wetherby Asset Management Inc. increased its position in shares of Orange SA by 3.1% in the first quarter. Wetherby Asset Management Inc. now owns 17,053 shares of the technology company’s stock worth $265,000 after buying an additional 511 shares during the period. Finally, Wrapmanager Inc. increased its position in shares of Orange SA by 12.2% in the first quarter. Wrapmanager Inc. now owns 19,093 shares of the technology company’s stock worth $297,000 after buying an additional 2,077 shares during the period.
Shares of Orange SA (ORAN) opened at 16.82 on Friday. Orange SA has a one year low of $13.98 and a one year high of $17.63. The company’s 50 day moving average is $16.44 and its 200 day moving average is $15.94. The company has a market cap of $44.74 billion and a P/E ratio of 14.21.
A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Orange SA from a “sell” rating to a “hold” rating in a research report on Saturday, April 1st. Berenberg Bank downgraded shares of Orange SA from a “hold” rating to a “sell” rating in a report on Monday, June 19th. Finally, Bank of America Corporation downgraded shares of Orange SA from a “buy” rating to a “neutral” rating in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $16.00.
About Orange SA
Orange SA is a telecommunications operator. The Company also provides telecommunication services to multinational companies, under the brand Orange Business Services. The Company’s segments include France, Spain, Poland, Belgium and Luxembourg, Central European countries, Africa and Middle East, Enterprise, and International Carriers & Shared Services.
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