Profund Advisors LLC cut its stake in shares of Vodafone Group Plc (NASDAQ:VOD) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,956 shares of the cell phone carrier’s stock after selling 7,290 shares during the period. Profund Advisors LLC’s holdings in Vodafone Group were worth $2,646,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Truewealth LLC purchased a new stake in Vodafone Group in the 4th quarter valued at $142,000. Proficio Capital Partners LLC grew its stake in shares of Vodafone Group by 60.9% during the 4th quarter. Proficio Capital Partners LLC now owns 4,641 shares of the cell phone carrier’s stock worth $148,000 after purchasing an additional 1,757 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of Vodafone Group in the 3rd quarter worth about $151,000. Global Trust Asset Management LLC purchased a new stake in shares of Vodafone Group in the 4th quarter worth about $171,000. Finally, RDL Financial Inc. purchased a new stake in shares of Vodafone Group in the 4th quarter worth about $237,000. Institutional investors and hedge funds own 10.92% of the company’s stock.
Shares of Vodafone Group Plc (VOD) traded up $0.03 during trading on Friday, hitting $28.47. The stock had a trading volume of 1,973,334 shares, compared to its average volume of 3,659,809. Vodafone Group Plc has a fifty-two week low of $25.54 and a fifty-two week high of $32.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.95.
VOD has been the topic of several recent analyst reports. Barclays upgraded shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Friday, December 8th. Zacks Investment Research raised shares of Vodafone Group from a “sell” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Friday, November 17th. BidaskClub upgraded Vodafone Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 9th. BNP Paribas upgraded Vodafone Group from a “neutral” rating to an “outperform” rating and cut their target price for the company from $28.67 to $28.56 in a research note on Wednesday, March 7th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Vodafone Group in a report on Thursday, November 23rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.36.
Vodafone Group Company Profile
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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