Vodafone Group PLC $VOD Shares Acquired by Three Seasons Wealth LLC

Key Points

• Three Seasons Wealth LLC increased its Vodafone stake by 972.1% in the second quarter, acquiring 150,231 additional shares and bringing its holdings to 165,685 shares valued at approximately $2.19 million.
• Institutional ownership activity was mixed but generally positive, with several funds increasing their positions; institutional investors and hedge funds collectively own 7.84% of Vodafone’s stock.
• Analyst sentiment remains mixed, with three Buy, four Hold, and three Sell ratings. Vodafone shares opened at $16.90, near their 52-week high, while the consensus target price is $10.57.

Three Seasons Wealth LLC grew its stake in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 972.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 165,685 shares of the cell phone carrier's stock after purchasing an additional 150,231 shares during the period. Three Seasons Wealth LLC's holdings in Vodafone Group were worth $2,191,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Vodafone Group by 21.4% in the 1st quarter. AQR Capital Management LLC now owns 66,351 shares of the cell phone carrier's stock valued at $622,000 after purchasing an additional 11,703 shares in the last quarter. Empowered Funds LLC raised its stake in Vodafone Group by 1.9% in the 1st quarter. Empowered Funds LLC now owns 296,581 shares of the cell phone carrier's stock valued at $2,779,000 after purchasing an additional 5,592 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Vodafone Group by 19.7% in the first quarter. Focus Partners Wealth now owns 20,830 shares of the cell phone carrier's stock worth $195,000 after buying an additional 3,435 shares in the last quarter. M&T Bank Corp lifted its stake in Vodafone Group by 13.4% in the 2nd quarter. M&T Bank Corp now owns 19,278 shares of the cell phone carrier's stock worth $206,000 after purchasing an additional 2,285 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Vodafone Group in the 2nd quarter valued at $140,000. Institutional investors and hedge funds own 7.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VOD. Zacks Research downgraded shares of Vodafone Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 28th. The Goldman Sachs Group upgraded shares of Vodafone Group from a "sell" rating to a "buy" rating in a research report on Friday. Wall Street Zen raised Vodafone Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Vodafone Group in a research note on Tuesday. Finally, New Street Research raised Vodafone Group from a "neutral" rating to a "buy" rating in a research report on Friday, July 10th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.57.

Vodafone Group Stock Up 1.9%

Shares of VOD opened at $16.90 on Friday. Vodafone Group PLC has a 1-year low of $11.12 and a 1-year high of $17.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. The firm has a fifty day moving average price of $15.38 and a 200 day moving average price of $15.18.

About Vodafone Group

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.

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