Brooklyn Investment Group Acquires 21,053 Shares of Vodafone Group PLC $VOD

Key Points

• Brooklyn Investment Group significantly increased its stake in Vodafone Group PLC by 2,825.9%, owning 21,798 shares valued at approximately $204,000 at the end of the first quarter.
• Other large investors, including Barclays PLC and Wellington Management Group LLP, also made substantial investments in Vodafone, showcasing growing institutional interest.
• Recently, Wall Street analysts shifted ratings on Vodafone Group, with a mix of upgrades and downgrades, reflecting a consensus rating of "Reduce" and a target price set at $136.00.

Brooklyn Investment Group lifted its holdings in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 2,825.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,798 shares of the cell phone carrier's stock after buying an additional 21,053 shares during the quarter. Brooklyn Investment Group's holdings in Vodafone Group were worth $204,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hazlett Burt & Watson Inc. grew its position in shares of Vodafone Group by 65.5% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock worth $30,000 after buying an additional 1,250 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Vodafone Group during the 1st quarter worth approximately $31,000. NBC Securities Inc. grew its position in shares of Vodafone Group by 116,833.3% during the 1st quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock worth $32,000 after buying an additional 3,505 shares during the period. GeoWealth Management LLC grew its position in shares of Vodafone Group by 258.0% during the 4th quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier's stock worth $44,000 after buying an additional 3,733 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Vodafone Group during the 1st quarter worth approximately $60,000. Institutional investors and hedge funds own 7.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group cut shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price target for the company. in a research report on Thursday, July 31st. Berenberg Bank upgraded shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Zacks Research upgraded shares of Vodafone Group to a "hold" rating in a report on Tuesday, August 12th. Morgan Stanley began coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They set an "equal weight" rating for the company. Finally, Wall Street Zen cut shares of Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Vodafone Group currently has an average rating of "Reduce" and an average price target of $136.00.

Vodafone Group Stock Down 0.1%

Shares of Vodafone Group stock traded down $0.01 on Tuesday, hitting $11.86. The company had a trading volume of 8,681,783 shares, compared to its average volume of 5,573,020. The firm has a market capitalization of $28.82 billion, a P/E ratio of 10.40, a P/E/G ratio of 0.57 and a beta of 0.62. Vodafone Group PLC has a twelve month low of $8.00 and a twelve month high of $11.99. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23. The stock has a 50-day moving average of $11.08 and a 200-day moving average of $9.95.

Vodafone Group Company 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.