AlphaCore Capital LLC Increases Stake in Vodafone Group PLC $VOD

AlphaCore Capital LLC grew its position in Vodafone Group PLC (NASDAQ:VOD) by 366.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,099 shares of the cell phone carrier’s stock after acquiring an additional 67,658 shares during the period. AlphaCore Capital LLC’s holdings in Vodafone Group were worth $999,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in Vodafone Group by 21.4% in the 1st quarter. AQR Capital Management LLC now owns 66,351 shares of the cell phone carrier’s stock valued at $622,000 after purchasing an additional 11,703 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Vodafone Group by 1.9% in the 1st quarter. Empowered Funds LLC now owns 296,581 shares of the cell phone carrier’s stock valued at $2,779,000 after buying an additional 5,592 shares during the period. Focus Partners Wealth boosted its stake in shares of 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 buying an additional 3,435 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Vodafone Group by 4.9% during the second quarter. Y Intercept Hong Kong Ltd now owns 51,741 shares of the cell phone carrier’s stock worth $552,000 after acquiring an additional 2,397 shares during the period. Finally, Arkadios Wealth Advisors lifted its holdings in Vodafone Group by 13.2% in the second quarter. Arkadios Wealth Advisors now owns 21,897 shares of the cell phone carrier’s stock valued at $233,000 after acquiring an additional 2,548 shares during the period. 7.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VOD has been the topic of a number of recent analyst reports. Zacks Research raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Wall Street Zen downgraded shares of Vodafone Group from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, January 21st. Barclays upgraded shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Finally, UBS Group restated a “sell” rating on shares of Vodafone Group in a report on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Vodafone Group has a consensus rating of “Reduce” and an average price target of $72.00.

Vodafone Group Trading Down 0.3%

Shares of VOD stock opened at $15.36 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 1.13. The firm has a 50-day moving average price of $14.34 and a 200 day moving average price of $12.73. Vodafone Group PLC has a twelve month low of $8.05 and a twelve month high of $15.91.

About Vodafone Group

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.