Parallel Advisors LLC Grows Stock Holdings in Vodafone Group PLC $VOD

Parallel Advisors LLC boosted its stake in Vodafone Group PLC (NASDAQ:VOD) by 38.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,581 shares of the cell phone carrier’s stock after acquiring an additional 2,105 shares during the period. Parallel Advisors LLC’s holdings in Vodafone Group were worth $81,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Modern Wealth Management LLC acquired a new stake in Vodafone Group in the first quarter valued at $285,000. Acadian Asset Management LLC raised its holdings in Vodafone Group by 512.8% in the first quarter. Acadian Asset Management LLC now owns 1,396,305 shares of the cell phone carrier’s stock valued at $13,076,000 after acquiring an additional 1,168,435 shares in the last quarter. Focus Partners Wealth raised its holdings in Vodafone Group by 19.7% in the first quarter. Focus Partners Wealth now owns 20,830 shares of the cell phone carrier’s stock valued at $195,000 after acquiring an additional 3,435 shares in the last quarter. Empowered Funds LLC raised its holdings in Vodafone Group by 1.9% in the first quarter. Empowered Funds LLC now owns 296,581 shares of the cell phone carrier’s stock valued at $2,779,000 after acquiring an additional 5,592 shares in the last quarter. Finally, RNC Capital Management LLC raised its holdings in Vodafone Group by 8.8% in the first quarter. RNC Capital Management LLC now owns 44,855 shares of the cell phone carrier’s stock valued at $420,000 after acquiring an additional 3,621 shares in the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VOD. Berenberg Bank raised shares of Vodafone Group to a “hold” rating in a report on Thursday, June 26th. Zacks Research raised shares of Vodafone Group to a “hold” rating in a report on Tuesday, August 12th. Morgan Stanley began coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They set an “equal weight” rating on the stock. Finally, The Goldman Sachs Group cut shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 target price on the stock. in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Vodafone Group currently has a consensus rating of “Reduce” and an average target price of $136.00.

Vodafone Group Stock Down 0.3%

Vodafone Group stock opened at $11.33 on Thursday. The company has a 50-day simple moving average of $11.53 and a 200-day simple moving average of $10.38. The firm has a market capitalization of $27.31 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.54 and a beta of 0.65. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. Vodafone Group PLC has a one year low of $8.00 and a one year high of $12.06.

Vodafone Group Company Profile

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.