Amundi Has $708,000 Holdings in Vodafone Group PLC $VOD

Key Points

• Amundi cut its Vodafone stake by 90% in the second quarter, selling 483,080 shares and retaining 53,566 shares valued at approximately $708,000.
• Other institutional investors generally increased their positions, including ACR Alpine Capital Research, Goldman Sachs and Bank of New York Mellon; institutional investors collectively own 7.84% of Vodafone.
• Analyst sentiment remains mixed, with Vodafone carrying a consensus “Hold” rating and a $10.57 average price target, despite the stock opening at $17.68 and trading near its 12-month high.

Amundi trimmed its stake in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 90.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,566 shares of the cell phone carrier's stock after selling 483,080 shares during the quarter. Amundi's holdings in Vodafone Group were worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ACR Alpine Capital Research LLC grew its holdings in shares of Vodafone Group by 3.0% during the 1st quarter. ACR Alpine Capital Research LLC now owns 26,854,952 shares of the cell phone carrier's stock valued at $403,361,000 after acquiring an additional 784,305 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Vodafone Group by 1.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 15,286,509 shares of the cell phone carrier's stock valued at $201,935,000 after buying an additional 182,574 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Vodafone Group by 9,637.5% in the fourth quarter. Bank of New York Mellon Corp now owns 8,902,486 shares of the cell phone carrier's stock worth $117,602,000 after buying an additional 8,811,061 shares during the last quarter. ABC Arbitrage SA increased its holdings in Vodafone Group by 3.1% in the first quarter. ABC Arbitrage SA now owns 3,326,511 shares of the cell phone carrier's stock worth $49,964,000 after buying an additional 98,922 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Vodafone Group by 6.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,446,646 shares of the cell phone carrier's stock valued at $19,110,000 after acquiring an additional 89,434 shares in the last quarter. Hedge funds and other institutional investors own 7.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VOD. Zacks Research lowered shares of Vodafone Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 28th. Wall Street Zen raised shares of Vodafone Group from a "hold" rating to a "buy" rating in a research report on Monday. Weiss Ratings restated a "sell (d+)" rating on shares of Vodafone Group in a report on Tuesday, September 1st. 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. Finally, New Street Research raised shares of Vodafone Group from a "neutral" rating to a "buy" rating in a research report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.57.

Vodafone Group Stock Performance

NASDAQ VOD opened at $17.68 on Wednesday. Vodafone Group PLC has a twelve month low of $11.12 and a twelve month high of $17.71. The firm has a 50-day simple moving average of $15.95 and a 200 day simple moving average of $15.26. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84.

Vodafone Group Profile

Vodafone Group Plc is a British multinational telecommunications company that provides mobile and fixed-line connectivity, broadband, voice, messaging and related digital services. Its offerings serve individual consumers, households, businesses and public-sector organizations, with services delivered through local Vodafone operations and partner networks.

The company also provides enterprise communications and technology solutions, including cloud and hosting services, cybersecurity, the Internet of Things, unified communications and managed connectivity.

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