Arrowstreet Capital Limited Partnership Sells 404,968 Shares of Vodafone Group PLC $VOD

Arrowstreet Capital Limited Partnership lessened its stake in shares of Vodafone Group PLC (NASDAQ:VOD) by 1.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,276,003 shares of the cell phone carrier’s stock after selling 404,968 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.14% of Vodafone Group worth $316,402,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Vodafone Group by 116.9% in the second quarter. JPMorgan Chase & Co. now owns 8,076,148 shares of the cell phone carrier’s stock valued at $86,092,000 after buying an additional 4,352,389 shares in the last quarter. SALT Holding Corp. lifted its stake in Vodafone Group by 3,039.6% in the second quarter. SALT Holding Corp. now owns 3,623,500 shares of the cell phone carrier’s stock valued at $38,627,000 after acquiring an additional 3,508,086 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Vodafone Group by 282.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,161,978 shares of the cell phone carrier’s stock valued at $33,707,000 after acquiring an additional 2,335,306 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Vodafone Group by 235.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,548,454 shares of the cell phone carrier’s stock worth $16,507,000 after purchasing an additional 1,086,405 shares during the last quarter. Finally, ABC Arbitrage SA raised its holdings in shares of Vodafone Group by 22.7% in the 3rd quarter. ABC Arbitrage SA now owns 3,646,412 shares of the cell phone carrier’s stock valued at $42,298,000 after purchasing an additional 673,508 shares during the period. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Stock Down 0.6%

VOD opened at $14.31 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17. The business has a fifty day simple moving average of $14.62 and a 200 day simple moving average of $12.91. Vodafone Group PLC has a 1 year low of $8.05 and a 1 year high of $15.91.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VOD. Zacks Research upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research note on Wednesday, January 21st. Barclays upgraded Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Wall Street Zen lowered Vodafone Group from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Berenberg Bank raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $72.00.

Vodafone Group Profile

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.