Vodafone Group PLC $VOD Stock Sold by Transmarket Holdings LP

Transmarket Holdings LP trimmed its stake in Vodafone Group PLC (NASDAQ:VOD) by 61.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,144 shares of the cell phone carrier’s stock after selling 79,449 shares during the quarter. Transmarket Holdings LP’s holdings in Vodafone Group were worth $810,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. ACR Alpine Capital Research LLC raised its stake in shares of Vodafone Group by 3.0% during the 1st quarter. ACR Alpine Capital Research LLC now owns 26,854,952 shares of the cell phone carrier’s stock worth $403,361,000 after purchasing an additional 784,305 shares in the last quarter. Euro Pacific Asset Management LLC grew its stake in shares of Vodafone Group by 45,047.5% in the third quarter. Euro Pacific Asset Management LLC now owns 7,018,174 shares of the cell phone carrier’s stock valued at $113,344,000 after buying an additional 7,002,629 shares in the last quarter. ABC Arbitrage SA grew its stake in shares of Vodafone Group by 3.1% in the first quarter. ABC Arbitrage SA now owns 3,326,511 shares of the cell phone carrier’s stock valued at $49,964,000 after buying an additional 98,922 shares in the last quarter. Sei Investments Co. grew its stake in shares of Vodafone Group by 72.4% in the first quarter. Sei Investments Co. now owns 866,316 shares of the cell phone carrier’s stock valued at $13,014,000 after buying an additional 363,694 shares in the last quarter. Finally, Merit Financial Group LLC increased its holdings in Vodafone Group by 7,003.0% during the second quarter. Merit Financial Group LLC now owns 788,577 shares of the cell phone carrier’s stock worth $10,429,000 after buying an additional 777,475 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Price Performance

VOD stock opened at $15.63 on Thursday. Vodafone Group PLC has a 1-year low of $11.12 and a 1-year high of $17.71. The business’s 50 day simple moving average is $16.37 and its 200 day simple moving average is $15.34. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11.

Analysts Set New Price Targets

VOD has been the topic of several analyst reports. New Street Research raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. Barclays downgraded shares of Vodafone Group from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, October 20th. The Goldman Sachs Group raised shares of Vodafone Group from a “sell” rating to a “buy” rating in a research report on Friday, September 4th. JPMorgan Chase & Co. restated a “sell” rating on shares of Vodafone Group in a research note on Monday, July 27th. Finally, Zacks Research cut shares of Vodafone Group from a “hold” rating to a “strong sell” rating in a report on Thursday, September 17th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $13.13.

About Vodafone Group

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.