Leo Wealth LLC Acquires New Stake in Vodafone Group PLC $VOD

Key Points

• Leo Wealth LLC acquired 79,067 Vodafone Group shares during the third quarter, valued at approximately $1.28 million. Institutional investors collectively own 7.84% of the company.
• Vodafone shares opened at $15.70, down 0.3%, with a 52-week range of $11.12 to $17.71. The stock’s moving averages were $16.40 over 50 days and $15.31 over 200 days.
• Analyst sentiment remains mixed, with four Buy, three Hold, and five Sell ratings; MarketBeat assigns Vodafone an average “Reduce” rating and a $13.13 price target.

Leo Wealth LLC bought a new stake in Vodafone Group PLC (NASDAQ:VOD - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 79,067 shares of the cell phone carrier's stock, valued at approximately $1,277,000.

Other hedge funds have also bought and sold shares of the company. Euro Pacific Asset Management LLC grew its stake in Vodafone Group by 45,047.5% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 7,018,174 shares of the cell phone carrier's stock worth $113,344,000 after buying an additional 7,002,629 shares in the last quarter. ACR Alpine Capital Research LLC raised its position 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 buying an additional 784,305 shares in the last quarter. Merit Financial Group LLC raised its position in shares of Vodafone Group by 7,003.0% during the 2nd quarter. Merit Financial Group LLC now owns 788,577 shares of the cell phone carrier's stock valued at $10,429,000 after buying an additional 777,475 shares in the last quarter. Independent Financial Group LLC bought a new stake in shares of Vodafone Group during the 1st quarter worth $8,406,000. Finally, Amundi bought a new stake in shares of Vodafone Group during the 1st quarter worth $8,060,000. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Stock Down 0.3%

Shares of VOD opened at $15.70 on Tuesday. Vodafone Group PLC has a fifty-two week low of $11.12 and a fifty-two week high of $17.71. The firm has a 50 day moving average price of $16.40 and a 200-day moving average price of $15.31. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14.

Wall Street Analyst Weigh In

VOD has been the topic of a number of research analyst reports. UBS Group reissued a "sell" rating on shares of Vodafone Group in a research note on Tuesday, July 28th. The Goldman Sachs Group upgraded Vodafone Group from a "sell" rating to a "buy" rating in a research report on Friday, September 4th. Morningstar lowered Vodafone Group to a "hold" rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Vodafone Group in a report on Friday, October 9th. Finally, Berenberg Bank reiterated a "buy" rating on shares of Vodafone Group in a research report on Friday, October 2nd. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $13.13.

Vodafone Group Profile

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.

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