Scientech Research LLC Acquires Shares of 88,794 Vodafone Group PLC $VOD

Scientech Research LLC bought a new position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 88,794 shares of the cell phone carrier's stock, valued at approximately $832,000.

Several other large investors have also recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. increased its stake in 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 acquiring an additional 1,250 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Vodafone Group during the first quarter worth about $31,000. NBC Securities Inc. increased its stake in 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. CoreCap Advisors LLC increased its stake in 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. Finally, Opal Wealth Advisors LLC acquired a new stake in Vodafone Group during the first quarter worth about $60,000. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Vodafone Group Stock Down 1.8%

Shares of VOD stock traded down $0.21 during trading hours on Wednesday, reaching $11.65. The company had a trading volume of 4,522,932 shares, compared to its average volume of 4,437,341. Vodafone Group PLC has a twelve month low of $8.00 and a twelve month high of $12.06. The stock's fifty day simple moving average is $11.39 and its 200 day simple moving average is $10.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. The company has a market capitalization of $28.31 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 0.57 and a beta of 0.65.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Zacks Research upgraded Vodafone Group to a "hold" rating in a research note on Tuesday, August 12th. Morgan Stanley assumed coverage on Vodafone Group in a research note on Wednesday, July 2nd. They set an "equal weight" rating for the company. Wall Street Zen lowered Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Berenberg Bank upgraded Vodafone Group to a "hold" rating in a research note on Thursday, June 26th. Finally, The Goldman Sachs Group lowered Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price for the company. in a research note on Thursday, July 31st. One equities research 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. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $136.00.

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.