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

Hsbc Holdings PLC reduced its position in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 84.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VOD. ABC Arbitrage SA acquired a new stake in shares of Vodafone Group Public in the fourth quarter worth $22,646,000. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Vodafone Group Public by 18.1% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier's stock valued at $123,940,000 after acquiring an additional 2,238,935 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Vodafone Group Public by 177.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier's stock worth $33,632,000 after acquiring an additional 2,145,085 shares during the period. Proficio Capital Partners LLC boosted its stake in Vodafone Group Public by 749.7% during the fourth quarter. Proficio Capital Partners LLC now owns 2,151,935 shares of the cell phone carrier's stock worth $18,270,000 after buying an additional 1,898,663 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Vodafone Group Public in the fourth quarter worth about $10,583,000. 7.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com lowered Vodafone Group Public from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. DZ Bank raised Vodafone Group Public from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, Bank of America cut shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Vodafone Group Public Price Performance

VOD traded down $0.12 during trading on Friday, hitting $9.61. The company's stock had a trading volume of 17,585,406 shares, compared to its average volume of 7,458,235. The firm's 50 day moving average price is $9.19 and its two-hundred day moving average price is $8.89. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $22.75 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 0.66 and a beta of 0.58. Vodafone Group Public Limited has a 12 month low of $8.00 and a 12 month high of $10.39.

Vodafone Group Public 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.