Proficio Capital Partners LLC acquired a new position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 251,006 shares of the cell phone carrier's stock, valued at approximately $3,320,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in VOD. Bayban raised its holdings in shares of Vodafone Group by 6,696.7% during the first quarter. Bayban now owns 2,039 shares of the cell phone carrier's stock valued at $31,000 after acquiring an additional 2,009 shares during the period. Western Wealth Management LLC purchased a new position in Vodafone Group during the 1st quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd raised its stake in Vodafone Group by 81.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier's stock valued at $35,000 after purchasing an additional 1,193 shares during the period. CIBC Private Wealth Group LLC raised its stake in Vodafone Group by 38.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier's stock valued at $40,000 after purchasing an additional 946 shares during the period. Finally, Manchester Capital Management LLC lifted its holdings in shares of Vodafone Group by 207.6% in the fourth quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier's stock valued at $43,000 after purchasing an additional 2,215 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.
Vodafone Group Price Performance
VOD opened at $16.04 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. Vodafone Group PLC has a fifty-two week low of $11.12 and a fifty-two week high of $16.60. The business has a 50-day moving average of $15.18 and a 200-day moving average of $15.16.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on VOD. Bank of America downgraded Vodafone Group from a "neutral" rating to an "underperform" rating and set a $13.13 price target on the stock. in a report on Tuesday, May 26th. Barclays cut Vodafone Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, June 11th. DZ Bank lowered shares of Vodafone Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded shares of Vodafone Group from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Weiss Ratings downgraded shares of Vodafone Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, June 4th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $10.57.
View Our Latest Research Report on VOD
Vodafone Group Company Profile
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Free Report)
Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.
Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.
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