Vodafone Group PLC $VOD Shares Sold by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. Inc. trimmed its stake in Vodafone by 26.5% in Q4, selling 127,034 shares and leaving it with 352,848 shares valued at $4.661 million.
• Several analysts have upgraded Vodafone recently, but the MarketBeat consensus remains a Hold with a $72.00 price target (1 Strong Buy, 2 Buy, 3 Hold, 2 Sell).
• VOD is trading near its 52‑week high (opened at $16.15; 52‑week range $8.98–$16.22) with 50‑day/200‑day SMAs of $15.12/$13.79 and institutional ownership of about 7.84%.

Oppenheimer & Co. Inc. trimmed its holdings in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 26.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 352,848 shares of the cell phone carrier's stock after selling 127,034 shares during the period. Oppenheimer & Co. Inc.'s holdings in Vodafone Group were worth $4,661,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Assetmark Inc. raised its position in shares of Vodafone Group by 156.8% in the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier's stock valued at $30,000 after purchasing an additional 1,389 shares in the last quarter. American Capital Advisory LLC raised its position in shares of Vodafone Group by 40.8% during the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier's stock valued at $32,000 after acquiring an additional 696 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of 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 valued at $40,000 after acquiring an additional 946 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Vodafone Group by 38.2% during the 4th quarter. Sound Income Strategies LLC now owns 4,766 shares of the cell phone carrier's stock valued at $64,000 after acquiring an additional 1,317 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of Vodafone Group by 36.2% during the 3rd quarter. Global Retirement Partners LLC now owns 6,389 shares of the cell phone carrier's stock valued at $74,000 after acquiring an additional 1,698 shares in the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VOD shares. Zacks Research raised Vodafone Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Weiss Ratings raised Vodafone Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, April 17th. Berenberg Bank raised Vodafone Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 7th. Finally, UBS Group raised Vodafone Group from a "strong sell" rating to a "hold" rating in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $72.00.

Vodafone Group Stock Performance

Shares of VOD stock opened at $16.15 on Friday. The stock has a 50-day simple moving average of $15.12 and a 200 day simple moving average of $13.79. Vodafone Group PLC has a fifty-two week low of $8.98 and a fifty-two week high of $16.22. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.78.

Vodafone Group Company Profile

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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