Vodafone Group PLC $VOD Shares Bought by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC increased its stake in Vodafone Group PLC by 197.9% in Q2, owning 39,838 shares valued at $425,000 after acquiring an additional 26,466 shares.
• Multiple hedge funds adjusted their positions in Vodafone, with Yousif Capital Management lifting its stake by 6.9%, and Vanguard Personalized Indexing Management increasing its holdings by 8.2%.
• Research firms issued mixed ratings on Vodafone, with Goldman Sachs downgrading to a "sell" while others have maintained "hold" ratings; the consensus rating is currently "Reduce" with a target price of $136.00.

Sequoia Financial Advisors LLC grew its stake in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 197.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,838 shares of the cell phone carrier's stock after acquiring an additional 26,466 shares during the period. Sequoia Financial Advisors LLC's holdings in Vodafone Group were worth $425,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Yousif Capital Management LLC lifted its stake in Vodafone Group by 6.9% in the 2nd quarter. Yousif Capital Management LLC now owns 29,519 shares of the cell phone carrier's stock valued at $315,000 after buying an additional 1,905 shares in the last quarter. Cypress Capital Group purchased a new stake in Vodafone Group in the 2nd quarter valued at approximately $141,000. Vanguard Personalized Indexing Management LLC lifted its stake in Vodafone Group by 8.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 158,453 shares of the cell phone carrier's stock valued at $1,689,000 after buying an additional 12,038 shares in the last quarter. Fourpath Capital Management LLC lifted its stake in Vodafone Group by 4.6% in the 2nd quarter. Fourpath Capital Management LLC now owns 21,225 shares of the cell phone carrier's stock valued at $226,000 after buying an additional 940 shares in the last quarter. Finally, Callan Family Office LLC purchased a new stake in Vodafone Group in the 2nd quarter valued at approximately $512,000. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Trading Down 0.1%

VOD stock opened at $11.66 on Tuesday. The company has a market cap of $27.97 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.27 and a beta of 0.62. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $11.61 and a 200-day simple moving average of $10.65. Vodafone Group PLC has a 52 week low of $8.00 and a 52 week high of $12.06.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VOD. The Goldman Sachs Group lowered Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price on the stock. in a research note on Thursday, July 31st. Berenberg Bank raised Vodafone Group to a "hold" rating in a research note on Thursday, June 26th. Weiss Ratings reissued a "sell (d+)" rating on shares of Vodafone Group in a research note on Wednesday, October 8th. Zacks Research raised Vodafone Group to a "hold" rating in a research note on Tuesday, August 12th. Finally, Morgan Stanley assumed coverage on Vodafone Group in a research note on Wednesday, July 2nd. They set an "equal weight" rating on the stock. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $136.00.

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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