Vodafone Group PLC $VOD Shares Bought by AlphaCore Capital LLC

AlphaCore Capital LLC lifted its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 366.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 86,099 shares of the cell phone carrier’s stock after acquiring an additional 67,658 shares during the period. AlphaCore Capital LLC’s holdings in Vodafone Group were worth $999,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its stake in Vodafone Group by 3,455.7% in the 3rd quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier’s stock worth $39,000 after buying an additional 3,352 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Vodafone Group by 36.2% in the third quarter. Global Retirement Partners LLC now owns 6,389 shares of the cell phone carrier’s stock valued at $74,000 after purchasing an additional 1,698 shares during the period. Smartleaf Asset Management LLC raised its stake in Vodafone Group by 98.1% during the second quarter. Smartleaf Asset Management LLC now owns 7,372 shares of the cell phone carrier’s stock worth $78,000 after purchasing an additional 3,651 shares during the period. Rexford Capital Inc. acquired a new position in shares of Vodafone Group in the 2nd quarter valued at $89,000. Finally, Baird Financial Group Inc. acquired a new stake in shares of Vodafone Group during the 2nd quarter worth $107,000. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VOD has been the topic of a number of research analyst reports. Zacks Research upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen lowered Vodafone Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. UBS Group reissued a “sell” rating on shares of Vodafone Group in a research report on Monday, November 3rd. Barclays raised shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Finally, Berenberg Bank raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. 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 stock. According to MarketBeat.com, Vodafone Group has an average rating of “Reduce” and an average target price of $72.00.

Vodafone Group Stock Down 0.3%

Shares of Vodafone Group stock opened at $15.36 on Friday. Vodafone Group PLC has a 1-year low of $8.05 and a 1-year high of $15.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17. The business has a 50-day moving average of $14.34 and a 200-day moving average of $12.73.

About Vodafone Group

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.