M Holdings Securities Inc. cut its position in shares of Vodafone Group Plc (NASDAQ:VOD) by 8.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,013 shares of the cell phone carrier’s stock after selling 1,551 shares during the quarter. M Holdings Securities Inc.’s holdings in Vodafone Group were worth $319,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coastal Capital Group Inc. purchased a new stake in shares of Vodafone Group during the second quarter worth about $25,000. Lenox Wealth Advisors LLC purchased a new stake in shares of Vodafone Group during the third quarter worth about $33,000. Motco grew its holdings in shares of Vodafone Group by 76.9% during the second quarter. Motco now owns 1,682 shares of the cell phone carrier’s stock worth $27,000 after buying an additional 731 shares in the last quarter. Asset Dedication LLC grew its holdings in shares of Vodafone Group by 72.3% during the second quarter. Asset Dedication LLC now owns 1,923 shares of the cell phone carrier’s stock worth $31,000 after buying an additional 807 shares in the last quarter. Finally, Rational Advisors LLC boosted its position in shares of Vodafone Group by 4,686.7% in the second quarter. Rational Advisors LLC now owns 2,154 shares of the cell phone carrier’s stock worth $35,000 after acquiring an additional 2,109 shares during the last quarter. Institutional investors and hedge funds own 7.92% of the company’s stock.
VOD has been the topic of several research analyst reports. Credit Suisse Group reissued a “buy” rating and issued a $190.00 target price on shares of Vodafone Group in a research report on Thursday, October 17th. Macquarie raised their target price on shares of Vodafone Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Exane BNP Paribas raised shares of Vodafone Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 11th. Argus raised their target price on shares of Vodafone Group to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Zacks Investment Research reissued a “buy” rating and issued a $23.00 target price on shares of Vodafone Group in a research report on Saturday, October 19th. Two analysts have rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $95.78.
VOD stock traded down $0.21 during midday trading on Friday, reaching $20.70. 174,023 shares of the company’s stock traded hands, compared to its average volume of 2,694,940. The company has a market capitalization of $55.81 billion, a P/E ratio of 34.47, a PEG ratio of 1.32 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.52. Vodafone Group Plc has a fifty-two week low of $15.53 and a fifty-two week high of $21.73. The business has a 50-day moving average price of $20.17 and a two-hundred day moving average price of $18.08.
About Vodafone Group
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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