Russell Investments Group Ltd. Has $4.70 Million Stock Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

Russell Investments Group Ltd. lifted its stake in shares of Vodafone Group Public Limited (NASDAQ:VOD – Get Rating) by 407.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 464,724 shares of the cell phone carrier’s stock after buying an additional 373,167 shares during the quarter. Russell Investments Group Ltd.’s holdings in Vodafone Group Public were worth $4,703,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Natixis Advisors L.P. increased its holdings in Vodafone Group Public by 30.6% in the 1st quarter. Natixis Advisors L.P. now owns 99,498 shares of the cell phone carrier’s stock valued at $1,654,000 after buying an additional 23,331 shares during the period. APG Asset Management N.V. bought a new position in Vodafone Group Public in the 1st quarter valued at about $1,301,000. Cibc World Market Inc. increased its holdings in Vodafone Group Public by 8.3% in the 1st quarter. Cibc World Market Inc. now owns 177,225 shares of the cell phone carrier’s stock valued at $2,945,000 after buying an additional 13,522 shares during the period. Sei Investments Co. increased its holdings in Vodafone Group Public by 42.6% in the 1st quarter. Sei Investments Co. now owns 19,174 shares of the cell phone carrier’s stock valued at $331,000 after buying an additional 5,727 shares during the period. Finally, Cetera Investment Advisers increased its holdings in Vodafone Group Public by 7.8% in the 1st quarter. Cetera Investment Advisers now owns 156,922 shares of the cell phone carrier’s stock valued at $2,608,000 after buying an additional 11,357 shares during the period. Institutional investors and hedge funds own 9.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VOD shares. Barclays decreased their target price on shares of Vodafone Group Public from GBX 120 ($1.50) to GBX 115 ($1.44) in a report on Thursday, February 2nd. StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, May 12th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vodafone Group Public from GBX 215 ($2.69) to GBX 195 ($2.44) in a research note on Monday, January 23rd. Citigroup initiated coverage on shares of Vodafone Group Public in a research note on Tuesday, April 4th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of Vodafone Group Public from GBX 97 ($1.22) to GBX 95 ($1.19) in a research note on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $134.71.

Vodafone Group Public Stock Down 8.7 %

NASDAQ:VOD opened at $10.24 on Wednesday. The firm’s 50 day simple moving average is $11.36 and its 200 day simple moving average is $11.30. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.04. Vodafone Group Public Limited has a one year low of $9.94 and a one year high of $16.88.

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.