68,396 Shares in Vodafone Group PLC $VOD Purchased by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC acquired a new position in Vodafone Group PLC (NASDAQ:VOD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,396 shares of the cell phone carrier's stock, valued at approximately $922,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. ACR Alpine Capital Research LLC lifted its holdings in Vodafone Group by 0.9% in the 3rd quarter. ACR Alpine Capital Research LLC now owns 26,095,086 shares of the cell phone carrier's stock valued at $302,703,000 after acquiring an additional 228,325 shares during the last quarter. Bank of America Corp DE lifted its holdings in Vodafone Group by 9.1% in the 3rd quarter. Bank of America Corp DE now owns 7,331,144 shares of the cell phone carrier's stock valued at $85,041,000 after acquiring an additional 610,409 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Vodafone Group by 1.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,518,066 shares of the cell phone carrier's stock valued at $64,010,000 after acquiring an additional 76,534 shares during the last quarter. SALT Holding Corp. lifted its holdings in Vodafone Group by 5.5% in the 3rd quarter. SALT Holding Corp. now owns 3,821,000 shares of the cell phone carrier's stock valued at $44,324,000 after acquiring an additional 197,500 shares during the last quarter. Finally, ABC Arbitrage SA lifted its holdings in Vodafone Group by 22.7% in the 3rd quarter. ABC Arbitrage SA now owns 3,646,412 shares of the cell phone carrier's stock valued at $42,298,000 after acquiring an additional 673,508 shares during the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

Vodafone Group Stock Performance

Shares of NASDAQ:VOD opened at $16.15 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17. Vodafone Group PLC has a 52 week low of $8.98 and a 52 week high of $16.22. The firm has a 50 day simple moving average of $15.12 and a 200 day simple moving average of $13.81.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VOD shares. Weiss Ratings raised shares of Vodafone Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, April 17th. Zacks Research raised shares of Vodafone Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 29th. UBS Group raised shares of Vodafone Group from a "strong sell" rating to a "hold" rating in a report on Monday, March 23rd. Finally, Berenberg Bank upgraded Vodafone Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $72.00.

Vodafone Group Profile

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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