Vodafone Group PLC $VOD is ABC Arbitrage SA’s 3rd Largest Position

ABC Arbitrage SA lifted its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 22.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,646,412 shares of the cell phone carrier’s stock after acquiring an additional 673,508 shares during the period. Vodafone Group accounts for about 4.2% of ABC Arbitrage SA’s holdings, making the stock its 3rd biggest position. ABC Arbitrage SA’s holdings in Vodafone Group were worth $42,298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of VOD. Cardinal Point Capital Management ULC acquired a new stake in Vodafone Group during the 3rd quarter worth $864,000. Fullcircle Wealth LLC boosted its stake in shares of Vodafone Group by 4.5% during the third quarter. Fullcircle Wealth LLC now owns 96,806 shares of the cell phone carrier’s stock worth $1,084,000 after buying an additional 4,187 shares during the period. Smartleaf Asset Management LLC increased its position in Vodafone Group by 59.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 11,748 shares of the cell phone carrier’s stock valued at $135,000 after acquiring an additional 4,376 shares during the period. HighPoint Advisor Group LLC lifted its position in Vodafone Group by 13.5% during the 3rd quarter. HighPoint Advisor Group LLC now owns 26,501 shares of the cell phone carrier’s stock worth $307,000 after acquiring an additional 3,146 shares during the period. Finally, Gallacher Capital Management LLC grew its stake in shares of Vodafone Group by 22.2% in the 3rd quarter. Gallacher Capital Management LLC now owns 56,225 shares of the cell phone carrier’s stock valued at $652,000 after purchasing an additional 10,215 shares during the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BNP Paribas Exane upgraded shares of Vodafone Group to a “strong sell” rating in a research report on Tuesday, October 21st. UBS Group reiterated a “sell” rating on shares of Vodafone Group in a research note on Monday, November 3rd. Berenberg Bank raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research note on Wednesday, January 21st. Finally, Barclays upgraded Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Vodafone Group currently has an average rating of “Reduce” and an average price target of $72.00.

Vodafone Group Stock Down 1.5%

NASDAQ VOD opened at $15.25 on Wednesday. The business has a 50 day moving average price of $13.57 and a 200 day moving average price of $12.35. Vodafone Group PLC has a 1-year low of $8.05 and a 1-year high of $15.90. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.78.

Vodafone Group Company Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.