Vodafone Group PLC $VOD Position Boosted by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC increased its stake in Vodafone Group PLC by 5.1%, owning a total of 464,950 shares valued at $4.36 million as of the latest quarter.
• Multiple hedge funds have also raised their holdings in Vodafone, with ACR Alpine Capital Research's stake increasing by 16.8% to nearly 25.7 million shares.
• Equities analysts have downgraded Vodafone's rating, with Goldman Sachs moving it from "neutral" to "sell", indicating a consensus target price of $136.00.

Kestra Advisory Services LLC grew its stake in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 464,950 shares of the cell phone carrier's stock after purchasing an additional 22,750 shares during the quarter. Kestra Advisory Services LLC's holdings in Vodafone Group were worth $4,357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hazlett Burt & Watson Inc. lifted its stake in shares of Vodafone Group by 65.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock worth $30,000 after purchasing an additional 1,250 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Vodafone Group during the first quarter worth about $31,000. NBC Securities Inc. increased its position in shares of Vodafone Group by 116,833.3% during the first quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock worth $32,000 after acquiring an additional 3,505 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Vodafone Group during the first quarter worth about $60,000. Finally, CoreCap Advisors LLC increased its position in shares of Vodafone Group by 509.7% during the fourth quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier's stock worth $58,000 after acquiring an additional 5,709 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VOD shares. Morgan Stanley started coverage on Vodafone Group in a research report on Wednesday, July 2nd. They set an "equal weight" rating on the stock. Berenberg Bank raised Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. Zacks Research raised Vodafone Group to a "hold" rating in a research report on Tuesday, August 12th. The Goldman Sachs Group lowered 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. Finally, Wall Street Zen lowered Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Vodafone Group presently has a consensus rating of "Reduce" and a consensus price target of $136.00.

Vodafone Group Stock Performance

NASDAQ VOD traded up $0.04 during trading hours on Friday, hitting $11.96. The company had a trading volume of 4,050,907 shares, compared to its average volume of 5,537,580. Vodafone Group PLC has a fifty-two week low of $8.00 and a fifty-two week high of $12.06. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $11.19 and a 200-day simple moving average of $10.01. The firm has a market cap of $29.07 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 0.57 and a beta of 0.62.

Vodafone Group Company 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.