XTX Topco Ltd Lowers Position in Vodafone Group PLC (NASDAQ:VOD)

Key Points

• XTX Topco Ltd reduced its stake in Vodafone Group PLC by 29.2% in Q1, selling 36,700 shares and holding 88,811 shares valued at $832,000.
• Analysts are mixed on Vodafone, with Goldman Sachs downgrading the stock to a "sell" rating, while others maintain a "hold" rating, indicating a consensus price target of $136.00.
• Vodafone's stock opened at $10.96, with a market capitalization of $26.59 billion and other key financial metrics reflecting ongoing challenges.

XTX Topco Ltd trimmed its holdings in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 29.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,811 shares of the cell phone carrier's stock after selling 36,700 shares during the quarter. XTX Topco Ltd's holdings in Vodafone Group were worth $832,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in VOD. Hazlett Burt & Watson Inc. increased its holdings in shares of Vodafone Group by 65.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock valued at $30,000 after acquiring an additional 1,250 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Vodafone Group by 4.9% during the first quarter. Allworth Financial LP now owns 28,435 shares of the cell phone carrier's stock valued at $265,000 after acquiring an additional 1,332 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Vodafone Group by 11.2% during the first quarter. Valeo Financial Advisors LLC now owns 13,531 shares of the cell phone carrier's stock valued at $127,000 after acquiring an additional 1,364 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Vodafone Group by 11.2% during the fourth quarter. Quadrant Capital Group LLC now owns 14,409 shares of the cell phone carrier's stock valued at $123,000 after acquiring an additional 1,454 shares in the last quarter. Finally, Cahill Financial Advisors Inc. increased its holdings in shares of Vodafone Group by 8.6% during the fourth quarter. Cahill Financial Advisors Inc. now owns 20,395 shares of the cell phone carrier's stock valued at $173,000 after acquiring an additional 1,611 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Stock Performance

NASDAQ:VOD traded up $0.11 during midday trading on Friday, hitting $11.37. The company's stock had a trading volume of 3,241,996 shares, compared to its average volume of 12,148,805. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23. Vodafone Group PLC has a fifty-two week low of $8.00 and a fifty-two week high of $11.66. The firm's 50 day moving average is $10.66 and its 200-day moving average is $9.65. The firm has a market cap of $27.58 billion, a P/E ratio of 9.97, a P/E/G ratio of 0.54 and a beta of 0.62.

Vodafone Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, August 1st. Shareholders of record on Friday, June 6th were given a $0.2355 dividend. This represents a yield of 660.0%. The ex-dividend date was Friday, June 6th. Vodafone Group's dividend payout ratio is currently 42.98%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VOD shares. Morgan Stanley started coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They set an "equal weight" rating on the stock. Berenberg Bank upgraded shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Vodafone Group in a report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. Finally, The Goldman Sachs Group downgraded shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price target on the stock. in a report on Thursday, July 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.