Wealthspire Advisors LLC Raises Holdings in Vodafone Group Plc (NASDAQ:VOD)

Wealthspire Advisors LLC boosted its position in Vodafone Group Plc (NASDAQ:VOD) by 54.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,180 shares of the cell phone carrier’s stock after purchasing an additional 5,726 shares during the period. Wealthspire Advisors LLC’s holdings in Vodafone Group were worth $277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC increased its position in Vodafone Group by 510.7% during the second quarter. DAVENPORT & Co LLC now owns 127,414 shares of the cell phone carrier’s stock worth $2,183,000 after buying an additional 106,552 shares in the last quarter. Avestar Capital LLC increased its position in Vodafone Group by 53.5% during the second quarter. Avestar Capital LLC now owns 62,423 shares of the cell phone carrier’s stock worth $1,069,000 after buying an additional 21,766 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in Vodafone Group by 8.2% during the second quarter. Catalyst Capital Advisors LLC now owns 105,500 shares of the cell phone carrier’s stock worth $1,807,000 after buying an additional 8,000 shares in the last quarter. Atria Investments LLC increased its position in Vodafone Group by 12.3% during the second quarter. Atria Investments LLC now owns 275,144 shares of the cell phone carrier’s stock worth $4,713,000 after buying an additional 30,096 shares in the last quarter. Finally, Westover Capital Advisors LLC purchased a new position in Vodafone Group during the second quarter worth $313,000. 8.51% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Vodafone Group in a research report on Thursday, July 1st. Barclays restated an “overweight” rating on shares of Vodafone Group in a report on Monday, July 26th. Zacks Investment Research upgraded Vodafone Group from a “strong sell” rating to a “hold” rating and set a $18.00 price objective on the stock in a report on Tuesday, September 21st. Bank of America restated a “buy” rating on shares of Vodafone Group in a report on Thursday, September 16th. Finally, Morgan Stanley restated an “overweight” rating on shares of Vodafone Group in a report on Thursday, July 29th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $17.34.

Shares of Vodafone Group stock opened at $15.26 on Thursday. Vodafone Group Plc has a twelve month low of $13.20 and a twelve month high of $20.36. The stock has a market capitalization of $42.03 billion, a P/E ratio of 16.23, a PEG ratio of 4.42 and a beta of 0.99. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 1.03. The business’s fifty day moving average price is $16.40 and its 200 day moving average price is $17.51.

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe and internationally. The firms offers mobile services that enable customers to call, text and access data, fixed line services, including broadband, television (TV) offerings, and voice and convergence services under the GigaKombi and Vodafone One names to customers.

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Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

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