Park Avenue Securities LLC Invests $371,000 in Vodafone Group PLC $VOD

Key Points

• Park Avenue Securities LLC has invested approximately $371,000 in Vodafone Group PLC, acquiring 34,847 shares in the second quarter.
• Multiple institutional investors have increased their positions in Vodafone Group, with Deutsche Bank AG raising its holding by an astonishing 63,786.2% during the same period.
• Vodafone's shares are currently trading at $11.60, with a 12-month range of $8.00 to $12.06, and a market capitalization of approximately $27.97 billion.

Park Avenue Securities LLC acquired a new position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 34,847 shares of the cell phone carrier's stock, valued at approximately $371,000.

Several other large investors have also modified their holdings of VOD. ACR Alpine Capital Research LLC boosted its position 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 buying an additional 3,690,617 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Vodafone Group by 272.9% in the first quarter. Oppenheimer & Co. Inc. now owns 2,253,059 shares of the cell phone carrier's stock worth $21,111,000 after buying an additional 1,648,879 shares during the period. Deutsche Bank AG boosted its position in shares of Vodafone Group by 63,786.2% in the first quarter. Deutsche Bank AG now owns 1,597,156 shares of the cell phone carrier's stock worth $14,965,000 after buying an additional 1,594,656 shares during the period. Acadian Asset Management LLC boosted its position in shares of Vodafone Group by 512.8% in the first quarter. Acadian Asset Management LLC now owns 1,396,305 shares of the cell phone carrier's stock worth $13,076,000 after buying an additional 1,168,435 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in Vodafone Group by 18.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,998,450 shares of the cell phone carrier's stock valued at $56,205,000 after purchasing an additional 944,189 shares during the last quarter. 7.84% of the stock is owned by institutional investors.

Vodafone Group Trading Up 1.0%

Shares of VOD opened at $11.60 on Wednesday. Vodafone Group PLC has a 12-month low of $8.00 and a 12-month 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 firm has a market capitalization of $27.97 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 0.55 and a beta of 0.65. The stock's 50-day moving average price is $11.56 and its 200 day moving average price is $10.45.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on VOD shares. Zacks Research raised Vodafone Group to a "hold" rating in a research report on Tuesday, August 12th. The Goldman Sachs Group cut Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price objective for the company. in a research report on Thursday, July 31st. Morgan Stanley started coverage on Vodafone Group in a research report on Wednesday, July 2nd. They set an "equal weight" rating for the company. Finally, Berenberg Bank raised Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Vodafone Group currently has an average rating of "Reduce" and an average price target of $136.00.

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.

Want to see what other hedge funds are holding VOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vodafone Group PLC (NASDAQ:VOD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.