Hsbc Holdings PLC Has $197,000 Stake in Vodafone Group Public Limited (NASDAQ:VOD)

Hsbc Holdings PLC increased its holdings in Vodafone Group Public Limited (NASDAQ:VOD – Get Rating) by 8.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,393 shares of the cell phone carrier’s stock after buying an additional 1,305 shares during the period. Hsbc Holdings PLC’s holdings in Vodafone Group Public were worth $197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VOD. Eagle Bay Advisors LLC bought a new position in Vodafone Group Public in the second quarter valued at about $26,000. Wipfli Financial Advisors LLC acquired a new position in Vodafone Group Public during the 3rd quarter worth approximately $44,000. Private Trust Co. NA bought a new position in Vodafone Group Public in the 2nd quarter valued at approximately $84,000. Ronald Blue Trust Inc. acquired a new stake in Vodafone Group Public in the second quarter valued at approximately $107,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Vodafone Group Public during the third quarter worth $113,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VOD has been the topic of a number of recent research reports. Berenberg Bank cut their price target on shares of Vodafone Group Public from GBX 115 ($1.38) to GBX 100 ($1.20) in a report on Monday, January 9th. Bank of America raised Vodafone Group Public from a “neutral” rating to a “buy” rating in a research note on Thursday, January 12th. Barclays cut their price objective on Vodafone Group Public from GBX 120 ($1.44) to GBX 115 ($1.38) in a research note on Thursday, February 2nd. Credit Suisse Group lowered shares of Vodafone Group Public from an “outperform” rating to an “underperform” rating in a report on Tuesday, November 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Vodafone Group Public from GBX 97 ($1.17) to GBX 95 ($1.14) in a research report on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Vodafone Group Public presently has an average rating of “Hold” and an average price target of $134.71.

Vodafone Group Public Price Performance

Vodafone Group Public stock opened at $11.78 on Friday. Vodafone Group Public Limited has a twelve month low of $9.94 and a twelve month high of $17.67. The firm has a 50 day moving average price of $11.46 and a 200-day moving average price of $11.57. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.88 and a quick ratio of 0.85.

About Vodafone Group Public

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Vodafone Group Plc engages in telecommunication services in Europe and internationally. The firms offers mobile services that enable customers to call, text and access data, fixed line services, including broadband, television (TV) offerings, and voice and convergence services under the GigaKombi and Vodafone One names to customers.