Vodafone Group PLC $VOD Holdings Trimmed by Vident Advisory LLC

Key Points

• Vident Advisory LLC reduced its holdings in Vodafone Group PLC by 39.0% in the first quarter, selling 22,870 shares and leaving their total ownership at 35,834 shares worth approximately $336,000.
• Several hedge funds altered their positions in Vodafone, with ACR Alpine Capital Research LLC increasing its stake by 16.8%, while Oppenheimer & Co. Inc. boosted its position by an extraordinary 272.9%.
• Analysts have mixed ratings for Vodafone, with one buy, four hold, and two sell ratings leading to an average target price set at $136.00, as the stock remains under pressure with a recent trading price around $11.80.

Vident Advisory LLC decreased its holdings in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 39.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,834 shares of the cell phone carrier's stock after selling 22,870 shares during the period. Vident Advisory LLC's holdings in Vodafone Group were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in VOD. ACR Alpine Capital Research LLC grew its stake in shares of Vodafone Group by 16.8% in the 1st 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. Voloridge Investment Management LLC acquired a new position in shares of Vodafone Group in the 4th quarter worth approximately $21,969,000. Oppenheimer & Co. Inc. boosted its position in shares of Vodafone Group by 272.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 2,253,059 shares of the cell phone carrier's stock valued at $21,111,000 after purchasing 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 1st quarter. Deutsche Bank AG now owns 1,597,156 shares of the cell phone carrier's stock valued at $14,965,000 after purchasing an additional 1,594,656 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Vodafone Group by 18.7% in the 1st 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 period. Institutional investors and hedge funds own 7.84% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley assumed coverage on Vodafone Group in a research report on Wednesday, July 2nd. They set an "equal weight" rating for the company. Zacks Research upgraded Vodafone Group to a "hold" rating in a research report on Tuesday, August 12th. Berenberg Bank upgraded Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. Wall Street Zen lowered Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Finally, 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 research report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $136.00.

Vodafone Group Stock Down 0.1%

Shares of VOD stock opened at $11.80 on Tuesday. The stock's 50 day simple moving average is $11.35 and its 200 day simple moving average is $10.18. 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 PLC has a twelve month low of $8.00 and a twelve month high of $12.06. The company has a market capitalization of $28.68 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.56 and a beta of 0.65.

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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