Acadian Asset Management LLC Purchases 1,168,435 Shares of Vodafone Group PLC $VOD

Key Points

• Acadian Asset Management LLC increased its stake in Vodafone Group PLC by 512.8% in Q1, owning approximately 1.4 million shares valued at $13.08 million.
• Multiple institutional investors, including Focus Partners Wealth and RNC Capital Management, have raised their holdings in Vodafone Group during the same period, indicating strong institutional interest.
• Wall Street analysts have mixed ratings on Vodafone Group, with one "Buy," four "Hold," and two "Sell" ratings, and a consensus price target of $136.00.

Acadian Asset Management LLC grew its position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 512.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,396,305 shares of the cell phone carrier's stock after buying an additional 1,168,435 shares during the period. Acadian Asset Management LLC owned approximately 0.06% of Vodafone Group worth $13,076,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VOD. Hazlett Burt & Watson Inc. increased its position in Vodafone Group by 65.5% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock worth $30,000 after buying an additional 1,250 shares during the period. Wayfinding Financial LLC bought a new position in shares of Vodafone Group in the first quarter worth $31,000. NBC Securities Inc. increased its position in shares of Vodafone Group by 116,833.3% in the first quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock worth $32,000 after purchasing an additional 3,505 shares during the period. CoreCap Advisors LLC increased its position in shares of Vodafone Group by 509.7% in the fourth quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier's stock worth $58,000 after purchasing an additional 5,709 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in shares of Vodafone Group in the first quarter worth $60,000. Institutional investors own 7.84% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley assumed coverage on Vodafone Group in a research note on Wednesday, July 2nd. They issued an "equal weight" rating on the stock. The Goldman Sachs Group lowered Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price objective on the stock. in a research note on Thursday, July 31st. Wall Street Zen lowered Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Zacks Research raised Vodafone Group to a "hold" rating in a research note on Tuesday, August 12th. Finally, Berenberg Bank upgraded Vodafone Group to a "hold" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $136.00.

Vodafone Group Stock Down 0.5%

Shares of NASDAQ VOD traded down $0.06 during midday trading on Wednesday, hitting $11.72. 2,147,319 shares of the stock traded hands, compared to its average volume of 10,995,143. The company has a market cap of $28.24 billion, a PE ratio of 10.28, a P/E/G ratio of 0.56 and a beta of 0.65. Vodafone Group PLC has a one year low of $8.00 and a one year high of $12.06. The business has a 50 day moving average price of $11.47 and a two-hundred day moving average price of $10.29. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26.

About Vodafone Group

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.