Capital Fund Management S.A. Acquires 438,013 Shares of Vodafone Group PLC $VOD

Key Points

• Capital Fund Management S.A. increased its holdings in Vodafone Group PLC by 95%, acquiring an additional 438,013 shares, bringing their total to 899,275 shares valued at approximately $8.43 million.
• Other institutional investors also boosted their stakes in Vodafone, with ACR Alpine Capital Research LLC increasing its holdings by 16.8% and Oppenheimer Asset Management Inc. by 18.7% in the first quarter.
• Wall Street analysts have mixed views on Vodafone, with ratings ranging from "buy" to "sell," leading to an average consensus rating of "Reduce" and a target price of $136.00.

Capital Fund Management S.A. increased its holdings in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 95.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 899,275 shares of the cell phone carrier's stock after purchasing an additional 438,013 shares during the quarter. Capital Fund Management S.A.'s holdings in Vodafone Group were worth $8,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. ACR Alpine Capital Research LLC grew its stake in shares of Vodafone Group by 16.8% in the first quarter. ACR Alpine Capital Research LLC now owns 25,696,928 shares of the cell phone carrier's stock worth $240,780,000 after purchasing an additional 3,690,617 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Vodafone Group by 18.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 5,998,450 shares of the cell phone carrier's stock worth $56,205,000 after buying an additional 944,189 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Vodafone Group by 1.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,499,770 shares of the cell phone carrier's stock worth $51,533,000 after buying an additional 69,986 shares during the period. Bank of America Corp DE lifted its holdings in Vodafone Group by 1.8% in the fourth quarter. Bank of America Corp DE now owns 4,307,572 shares of the cell phone carrier's stock worth $36,571,000 after buying an additional 76,608 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Vodafone Group by 341.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,146,322 shares of the cell phone carrier's stock worth $35,202,000 after buying an additional 3,206,506 shares during the period. 7.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VOD has been the subject of several research analyst reports. Wall Street Zen lowered shares of Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. The Goldman Sachs Group lowered shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price objective for the company. in a report on Thursday, July 31st. Zacks Research upgraded shares of Vodafone Group to a "hold" rating in a report on Tuesday, August 12th. Berenberg Bank upgraded shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Finally, Morgan Stanley assumed coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They set an "equal weight" rating for the company. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $136.00.

Vodafone Group Price Performance

VOD stock opened at $11.86 on Friday. The firm has a 50 day moving average price of $10.97 and a 200-day moving average price of $9.87. Vodafone Group PLC has a 52-week low of $8.00 and a 52-week high of $11.92. The firm has a market capitalization of $28.78 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.57 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26.

Vodafone Group Profile

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.

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