Hsbc Holdings PLC Sells 3,176,578 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Hsbc Holdings PLC decreased its stake in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 84.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 602,078 shares of the cell phone carrier's stock after selling 3,176,578 shares during the period. Hsbc Holdings PLC's holdings in Vodafone Group Public were worth $5,115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VOD. Lester Murray Antman dba SimplyRich acquired a new stake in shares of Vodafone Group Public in the 4th quarter valued at approximately $295,000. Atria Investments Inc grew its position in shares of Vodafone Group Public by 8.7% in the 4th quarter. Atria Investments Inc now owns 842,286 shares of the cell phone carrier's stock valued at $7,151,000 after acquiring an additional 67,086 shares during the period. Allworth Financial LP increased its stake in shares of Vodafone Group Public by 9.0% during the 4th quarter. Allworth Financial LP now owns 27,103 shares of the cell phone carrier's stock worth $227,000 after purchasing an additional 2,246 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Vodafone Group Public by 16.1% in the 4th quarter. Park Avenue Securities LLC now owns 31,173 shares of the cell phone carrier's stock valued at $265,000 after purchasing an additional 4,332 shares during the period. Finally, FNY Investment Advisers LLC grew its holdings in Vodafone Group Public by 62,900.0% during the fourth quarter. FNY Investment Advisers LLC now owns 63,000 shares of the cell phone carrier's stock worth $534,000 after purchasing an additional 62,900 shares during the period. Institutional investors own 7.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VOD. Bank of America cut Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. StockNews.com cut shares of Vodafone Group Public from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, DZ Bank upgraded shares of Vodafone Group Public from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Vodafone Group Public Stock Performance

Shares of Vodafone Group Public stock traded down $0.03 during trading on Thursday, reaching $9.73. The company's stock had a trading volume of 12,252,899 shares, compared to its average volume of 7,383,425. Vodafone Group Public Limited has a 52 week low of $8.00 and a 52 week high of $10.39. The firm has a market cap of $23.03 billion, a PE ratio of 8.54, a P/E/G ratio of 0.66 and a beta of 0.58. The business's 50-day moving average price is $9.15 and its 200-day moving average price is $8.90. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78.

About Vodafone Group Public

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.