Oppenheimer & Co. Inc. Reduces Stake in Vodafone Group Public Limited (NASDAQ:VOD)

Oppenheimer & Co. Inc. reduced its position in Vodafone Group Public Limited (NASDAQ:VOD) by 35.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 604,180 shares of the cell phone carrier’s stock after selling 337,999 shares during the period. Oppenheimer & Co. Inc.’s holdings in Vodafone Group Public were worth $5,129,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of Vodafone Group Public by 1.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,054,261 shares of the cell phone carrier’s stock worth $42,911,000 after purchasing an additional 91,010 shares during the last quarter. Bank of Montreal Can boosted its position in Vodafone Group Public by 12.4% during the third quarter. Bank of Montreal Can now owns 4,277,581 shares of the cell phone carrier’s stock worth $43,161,000 after purchasing an additional 472,537 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Vodafone Group Public by 177.1% during the third quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock worth $33,632,000 after buying an additional 2,145,085 shares during the last quarter. Goldentree Asset Management LP lifted its holdings in shares of Vodafone Group Public by 1.9% during the third quarter. Goldentree Asset Management LP now owns 3,283,292 shares of the cell phone carrier’s stock worth $32,898,000 after buying an additional 60,943 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new position in shares of Vodafone Group Public in the fourth quarter valued at $22,646,000. 7.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VOD shares. The Goldman Sachs Group cut Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. StockNews.com lowered Vodafone Group Public from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Vodafone Group Public Stock Up 0.7 %

Shares of Vodafone Group Public stock opened at $8.81 on Friday. The business’s 50 day simple moving average is $8.45 and its 200 day simple moving average is $9.10. Vodafone Group Public Limited has a 52-week low of $8.00 and a 52-week high of $10.39. The firm has a market cap of $22.37 billion, a PE ratio of 7.73, a P/E/G ratio of 0.66 and a beta of 0.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37.

About Vodafone Group Public

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.