Vodafone Group PLC $VOD Stock: Transmarket Holdings LP Reduces Holdings

Key Points

• Transmarket Holdings LP cut its Vodafone Group stake by 61.3% in the third quarter, selling 79,449 shares and retaining 50,144 shares valued at approximately $810,000.
• Other institutional investors increased their Vodafone positions, but institutional investors and hedge funds collectively own only 7.84% of the company’s stock.
• Vodafone shares opened at $15.63, while analysts’ average price target is $13.13. The stock has a consensus “Reduce” rating, with four Buy, three Hold, and five Sell recommendations.

Transmarket Holdings LP lowered its stake in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 61.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,144 shares of the cell phone carrier's stock after selling 79,449 shares during the quarter. Transmarket Holdings LP's holdings in Vodafone Group were worth $810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VOD. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Vodafone Group by 5.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,671 shares of the cell phone carrier's stock worth $154,000 after acquiring an additional 653 shares during the period. Assetmark Inc. lifted its position in Vodafone Group by 31.5% in the 1st quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier's stock valued at $45,000 after acquiring an additional 717 shares in the last quarter. Euro Pacific Asset Management LLC boosted its stake in Vodafone Group by 8.4% in the 1st quarter. Euro Pacific Asset Management LLC now owns 15,864 shares of the cell phone carrier's stock worth $239,000 after purchasing an additional 1,231 shares during the period. Valeo Financial Advisors LLC boosted its stake in Vodafone Group by 7.7% in the 3rd quarter. Valeo Financial Advisors LLC now owns 20,181 shares of the cell phone carrier's stock worth $326,000 after purchasing an additional 1,435 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Vodafone Group by 5.2% during the 2nd quarter. Versant Capital Management Inc now owns 30,341 shares of the cell phone carrier's stock worth $401,000 after purchasing an additional 1,511 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company's stock.

Vodafone Group Stock Performance

Shares of VOD opened at $15.63 on Thursday. Vodafone Group PLC has a 12 month low of $11.12 and a 12 month high of $17.71. The firm has a fifty day simple moving average of $16.37 and a 200 day simple moving average of $15.34. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VOD. DZ Bank reissued a "neutral" rating on shares of Vodafone Group in a research note on Monday, August 17th. Morningstar cut Vodafone Group to a "hold" rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. reiterated a "sell" rating on shares of Vodafone Group in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Vodafone Group in a research report on Friday, October 9th. Finally, Barclays lowered Vodafone Group from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, October 20th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $13.13.

About Vodafone Group

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.

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