Vodafone Group PLC $VOD Shares Purchased by Brooklyn Investment Group

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 raised its stake in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 2,825.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 reporting period.

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in Vodafone Group by 57,500.0% during the 4th quarter. Barclays PLC now owns 29,952 shares of the cell phone carrier's stock valued at $254,000 after buying an additional 29,900 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Vodafone Group during the fourth quarter worth $970,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Vodafone Group during the first quarter worth $1,117,000. Waverly Advisors LLC acquired a new stake in shares of Vodafone Group during the fourth quarter worth $216,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Vodafone Group during the first quarter worth $125,000. Institutional investors and hedge funds own 7.84% of the company's stock.

Vodafone Group Price Performance

Shares of Vodafone Group stock opened at $11.90 on Thursday. Vodafone Group PLC has a twelve month low of $8.00 and a twelve month high of $11.92. The stock has a market capitalization of $28.88 billion, a P/E ratio of 10.44, a PEG ratio of 0.56 and a beta of 0.62. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The business's fifty day moving average price is $10.94 and its 200 day moving average price is $9.84.

Wall Street Analysts Forecast Growth

VOD has been the topic of several analyst reports. Wall Street Zen cut Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. Morgan Stanley initiated coverage on Vodafone Group in a report on Wednesday, July 2nd. They set an "equal weight" rating on the stock. Zacks Research upgraded Vodafone Group to a "hold" rating in a report on Tuesday, August 12th. Berenberg Bank upgraded Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Finally, The Goldman Sachs Group cut Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price on the stock. in a report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $136.00.

Vodafone Group 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.

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