Valeo Financial Advisors LLC lowered its stake in Vodafone Group Plc (NASDAQ:VOD) by 35.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,443 shares of the cell phone carrier’s stock after selling 8,103 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Vodafone Group were worth $273,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of VOD. Palo Capital Inc. purchased a new position in shares of Vodafone Group during the 3rd quarter worth $126,000. Bessemer Group Inc. lifted its stake in shares of Vodafone Group by 149.8% during the 2nd quarter. Bessemer Group Inc. now owns 5,321 shares of the cell phone carrier’s stock worth $129,000 after purchasing an additional 3,191 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Vodafone Group by 722.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,462 shares of the cell phone carrier’s stock worth $133,000 after purchasing an additional 4,798 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Vodafone Group during the 2nd quarter worth $143,000. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of Vodafone Group during the 2nd quarter worth $153,000. 10.07% of the stock is currently owned by hedge funds and other institutional investors.
VOD has been the topic of a number of recent analyst reports. Citigroup raised Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Thursday, September 6th. Standpoint Research raised Vodafone Group from a “reduce” rating to a “buy” rating in a research note on Tuesday, September 11th. Deutsche Bank reissued a “buy” rating on shares of Vodafone Group in a research note on Thursday, July 26th. UBS Group reissued a “buy” rating on shares of Vodafone Group in a research note on Tuesday, August 7th. Finally, Zacks Investment Research raised Vodafone Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. Vodafone Group has a consensus rating of “Buy” and a consensus target price of $33.36.
VOD stock opened at $19.45 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.97 and a quick ratio of 0.96. Vodafone Group Plc has a 52 week low of $18.45 and a 52 week high of $32.75.
Vodafone Group Company Profile
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
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