Vodafone Group PLC $VOD Shares Acquired by FNY Investment Advisers LLC

Key Points

• FNY Investment Advisers LLC significantly increased its holdings in Vodafone Group by 3,100% during the second quarter, now owning 480,000 shares valued at approximately $5.1 million.
• Several other institutional investors also adjusted their stakes in Vodafone Group, with American Century Companies Inc. increasing its holdings by 26.4% in the first quarter.
• Analyst ratings for Vodafone Group show a mixed outlook, with one investment analyst rating it as a Buy, while four analysts assigned a Sell rating, reflecting a consensus target price of $72.00.

FNY Investment Advisers LLC grew its holdings in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 3,100.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 480,000 shares of the cell phone carrier's stock after acquiring an additional 465,000 shares during the quarter. Vodafone Group accounts for approximately 2.2% of FNY Investment Advisers LLC's holdings, making the stock its 2nd largest holding. FNY Investment Advisers LLC's holdings in Vodafone Group were worth $5,116,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VOD. ACR Alpine Capital Research LLC lifted its holdings in shares of Vodafone Group by 16.8% during 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 purchasing an additional 3,690,617 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Vodafone Group by 1.3% during the first quarter. Envestnet Asset Management Inc. now owns 5,499,770 shares of the cell phone carrier's stock worth $51,533,000 after purchasing an additional 69,986 shares during the period. Royal Bank of Canada lifted its holdings in shares of Vodafone Group by 5.4% during the first quarter. Royal Bank of Canada now owns 3,117,008 shares of the cell phone carrier's stock worth $29,207,000 after purchasing an additional 159,985 shares during the period. Northern Trust Corp lifted its holdings in shares of Vodafone Group by 22.9% during the first quarter. Northern Trust Corp now owns 2,194,203 shares of the cell phone carrier's stock worth $20,560,000 after purchasing an additional 409,376 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Vodafone Group by 26.4% during the first quarter. American Century Companies Inc. now owns 1,661,165 shares of the cell phone carrier's stock worth $15,565,000 after purchasing an additional 346,458 shares during the period. Institutional investors and hedge funds own 7.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Vodafone Group in a report on Wednesday, October 8th. Morgan Stanley assumed coverage on Vodafone Group in a report on Wednesday, July 2nd. They set an "equal weight" rating for the company. BNP Paribas Exane began coverage on Vodafone Group in a report on Tuesday. They set an "underperform" rating and a $8.00 target price for the company. The Goldman Sachs Group downgraded Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price target for the company. in a report on Thursday, July 31st. Finally, Zacks Research raised Vodafone Group to a "hold" rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Vodafone Group presently has an average rating of "Reduce" and a consensus target price of $72.00.

Vodafone Group Trading Down 1.3%

Shares of NASDAQ:VOD opened at $11.51 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 market capitalization of $27.61 billion, a PE ratio of 10.10, a PEG ratio of 0.26 and a beta of 0.62. The business has a 50 day moving average of $11.61 and a two-hundred day moving average of $10.66. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85.

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.

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