Oppenheimer Asset Management Inc. raised its stake in Vodafone Group Plc (NASDAQ:VOD) by 22.9% during the first quarter, Holdings Channel reports. The institutional investor owned 2,801,100 shares of the cell phone carrier’s stock after purchasing an additional 522,182 shares during the quarter. Vodafone Group comprises about 1.1% of Oppenheimer Asset Management Inc.’s investment portfolio, making the stock its 6th biggest position. Oppenheimer Asset Management Inc.’s holdings in Vodafone Group were worth $50,925,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV acquired a new position in Vodafone Group in the first quarter valued at approximately $1,965,000. Bellecapital International Ltd. boosted its holdings in Vodafone Group by 35.5% in the first quarter. Bellecapital International Ltd. now owns 19,093 shares of the cell phone carrier’s stock valued at $347,000 after purchasing an additional 5,000 shares in the last quarter. Brinker Capital Inc. boosted its holdings in Vodafone Group by 37.4% in the first quarter. Brinker Capital Inc. now owns 24,227 shares of the cell phone carrier’s stock valued at $440,000 after purchasing an additional 6,594 shares in the last quarter. Hanson & Doremus Investment Management acquired a new position in Vodafone Group in the first quarter valued at approximately $1,460,000. Finally, Lantz Financial LLC acquired a new position in Vodafone Group in the first quarter valued at approximately $395,000. 8.35% of the stock is currently owned by institutional investors.

Shares of VOD stock traded down $0.34 during trading hours on Wednesday, hitting $17.97. The stock had a trading volume of 3,905,358 shares, compared to its average volume of 4,929,376. The company has a market capitalization of $48.20 billion, a P/E ratio of 13.21, a PEG ratio of 1.80 and a beta of 0.72. Vodafone Group Plc has a twelve month low of $17.05 and a twelve month high of $30.00. The company has a current ratio of 1.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.70.

VOD has been the subject of several research analyst reports. Zacks Investment Research downgraded Vodafone Group from a “buy” rating to a “sell” rating in a report on Friday, April 12th. BidaskClub downgraded Vodafone Group from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Argus decreased their price objective on Vodafone Group to $21.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. BNP Paribas reissued a “neutral” rating on shares of Vodafone Group in a report on Friday, March 8th. Finally, Exane BNP Paribas downgraded Vodafone Group from an “outperform” rating to a “neutral” rating in a report on Friday, March 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $25.13.

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Vodafone Group Profile

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

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