Assetmark Inc. grew its position in Vodafone Group Plc (NASDAQ:VOD) by 485.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,516 shares of the cell phone carrier’s stock after buying an additional 146,385 shares during the period. Assetmark Inc.’s holdings in Vodafone Group were worth $2,883,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Cornerstone Advisors Inc. raised its holdings in shares of Vodafone Group by 282.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,380 shares of the cell phone carrier’s stock valued at $25,000 after purchasing an additional 1,019 shares in the last quarter. Coastal Capital Group Inc. purchased a new position in shares of Vodafone Group in the 2nd quarter valued at $25,000. Motco grew its position in shares of Vodafone Group by 76.9% in the 2nd quarter. Motco now owns 1,682 shares of the cell phone carrier’s stock valued at $27,000 after buying an additional 731 shares during the last quarter. Asset Dedication LLC grew its position in shares of Vodafone Group by 72.3% in the 2nd quarter. Asset Dedication LLC now owns 1,923 shares of the cell phone carrier’s stock valued at $31,000 after buying an additional 807 shares during the last quarter. Finally, Rational Advisors LLC grew its position in shares of Vodafone Group by 4,686.7% in the 2nd quarter. Rational Advisors LLC now owns 2,154 shares of the cell phone carrier’s stock valued at $35,000 after buying an additional 2,109 shares during the last quarter. 7.95% of the stock is owned by institutional investors and hedge funds.
VOD has been the topic of several analyst reports. BidaskClub downgraded shares of Vodafone Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 21st. Exane BNP Paribas upgraded shares of Vodafone Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 11th. BNP Paribas upgraded shares of Vodafone Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 11th. Zacks Investment Research upgraded shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 26th. Finally, Morgan Stanley assumed coverage on shares of Vodafone Group in a research report on Wednesday, August 7th. They set an “overweight” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $19.12.
NASDAQ VOD opened at $19.83 on Friday. The company’s fifty day simple moving average is $18.93 and its 200-day simple moving average is $17.74. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.52. Vodafone Group Plc has a 52 week low of $15.53 and a 52 week high of $21.85.
About Vodafone Group
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.
Read More: Initial Public Offering (IPO)
Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.