Parvin Asset Management LLC Purchases Shares of 30,200 Vodafone Group Public Limited (NASDAQ:VOD)

Parvin Asset Management LLC acquired a new position in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 30,200 shares of the cell phone carrier's stock, valued at approximately $256,000.

Several other institutional investors have also made changes to their positions in VOD. ABC Arbitrage SA acquired a new position in shares of Vodafone Group Public during the 4th quarter worth $22,646,000. Grantham Mayo Van Otterloo & Co. LLC increased its position in Vodafone Group Public by 18.1% in the 4th 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. raised its position in Vodafone Group Public by 177.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier's stock worth $33,632,000 after purchasing an additional 2,145,085 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in Vodafone Group Public by 749.7% in the fourth quarter. Proficio Capital Partners LLC now owns 2,151,935 shares of the cell phone carrier's stock valued at $18,270,000 after acquiring an additional 1,898,663 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Vodafone Group Public during the 4th quarter worth about $10,583,000. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Public Price Performance

VOD traded down $0.07 during trading on Monday, reaching $9.55. 3,745,241 shares of the company were exchanged, compared to its average volume of 7,444,456. The company's 50-day moving average is $9.19 and its two-hundred day moving average is $8.89. Vodafone Group Public Limited has a 12-month low of $8.00 and a 12-month high of $10.39. The company has a market cap of $22.60 billion, a price-to-earnings ratio of 8.37, a P/E/G ratio of 0.66 and a beta of 0.61. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VOD. DZ Bank upgraded shares of Vodafone Group Public from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Bank of America downgraded shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a report on Monday, March 24th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. Finally, StockNews.com lowered shares of Vodafone Group Public from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold".

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.