HighTower Advisors LLC boosted its position in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 36.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 269,517 shares of the cell phone carrier's stock after purchasing an additional 71,551 shares during the quarter. HighTower Advisors LLC's holdings in Vodafone Group were worth $3,564,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Bayban raised its stake in shares of Vodafone Group by 6,696.7% in the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier's stock valued at $31,000 after acquiring an additional 2,009 shares during the period. Western Wealth Management LLC acquired a new stake in Vodafone Group in the 1st quarter valued at about $34,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Vodafone Group by 81.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier's stock valued at $35,000 after buying an additional 1,193 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Vodafone Group by 38.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier's stock worth $40,000 after acquiring an additional 946 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in shares of Vodafone Group by 207.6% in the 4th quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier's stock valued at $43,000 after purchasing an additional 2,215 shares in the last quarter. Hedge funds and other institutional investors own 7.84% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on VOD shares. Barclays lowered Vodafone Group from an "overweight" rating to an "equal weight" rating in a report on Thursday, June 11th. The Goldman Sachs Group raised shares of Vodafone Group from a "sell" rating to a "buy" rating in a report on Friday, September 4th. Bank of America lowered Vodafone Group from a "neutral" rating to an "underperform" rating and set a $13.13 price objective on the stock. in a report on Tuesday, May 26th. Zacks Research downgraded shares of Vodafone Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 28th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Vodafone Group in a report on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $10.57.
View Our Latest Stock Report on VOD
Vodafone Group Stock Up 0.4%
Shares of NASDAQ VOD opened at $17.40 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14. Vodafone Group PLC has a one year low of $11.12 and a one year high of $17.50. The company's fifty day moving average is $15.77 and its two-hundred day moving average is $15.24.
About Vodafone Group
(
Free Report)
Vodafone Group Plc is a British multinational telecommunications company that provides mobile and fixed-line connectivity, broadband, voice, messaging and related digital services. Its offerings serve individual consumers, households, businesses and public-sector organizations, with services delivered through local Vodafone operations and partner networks.
The company also provides enterprise communications and technology solutions, including cloud and hosting services, cybersecurity, the Internet of Things, unified communications and managed connectivity.
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