Vodafone Group PLC $VOD Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its holdings in Vodafone Group PLC (NASDAQ:VOD) by 20.4% in the third quarter, Holdings Channel reports. The institutional investor owned 151,014 shares of the cell phone carrier’s stock after selling 38,722 shares during the period. Oppenheimer & Co. Inc.’s holdings in Vodafone Group were worth $2,439,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in VOD. ACR Alpine Capital Research LLC raised its holdings in Vodafone Group by 3.0% in the 1st quarter. ACR Alpine Capital Research LLC now owns 26,854,952 shares of the cell phone carrier’s stock valued at $403,361,000 after acquiring an additional 784,305 shares in the last quarter. Euro Pacific Asset Management LLC grew its holdings in shares of Vodafone Group by 45,047.5% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 7,018,174 shares of the cell phone carrier’s stock worth $113,344,000 after purchasing an additional 7,002,629 shares in the last quarter. ABC Arbitrage SA increased its position in shares of Vodafone Group by 3.1% in the first quarter. ABC Arbitrage SA now owns 3,326,511 shares of the cell phone carrier’s stock worth $49,964,000 after purchasing an additional 98,922 shares during the period. Sei Investments Co. increased its position in shares of Vodafone Group by 72.4% in the first quarter. Sei Investments Co. now owns 866,316 shares of the cell phone carrier’s stock worth $13,014,000 after purchasing an additional 363,694 shares during the period. Finally, Merit Financial Group LLC raised its stake in Vodafone Group by 7,003.0% in the second quarter. Merit Financial Group LLC now owns 788,577 shares of the cell phone carrier’s stock valued at $10,429,000 after purchasing an additional 777,475 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on VOD shares. Berenberg Bank restated a “buy” rating on shares of Vodafone Group in a research report on Friday, October 2nd. Morningstar lowered shares of Vodafone Group to a “hold” rating in a report on Thursday, July 30th. New Street Research raised Vodafone Group from a “neutral” rating to a “buy” rating in a report on Friday, July 10th. Zacks Research downgraded shares of Vodafone Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 17th. Finally, The Goldman Sachs Group upgraded Vodafone Group from a “sell” rating to a “buy” rating in a research report on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Vodafone Group presently has a consensus rating of “Reduce” and a consensus price target of $13.13.

Vodafone Group Stock Up 2.0%

NASDAQ VOD opened at $15.88 on Friday. The business’s fifty day moving average is $16.36 and its 200-day moving average is $15.36. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. Vodafone Group PLC has a one year low of $11.12 and a one year high of $17.71.

Vodafone Group Profile

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.