ACR Alpine Capital Research LLC Raises Stock Position in Vodafone Group PLC $VOD

ACR Alpine Capital Research LLC boosted its stake in Vodafone Group PLC (NASDAQ:VOD) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,866,761 shares of the cell phone carrier’s stock after purchasing an additional 169,833 shares during the period. Vodafone Group makes up approximately 4.9% of ACR Alpine Capital Research LLC’s holdings, making the stock its 12th largest position. ACR Alpine Capital Research LLC owned about 0.99% of Vodafone Group worth $275,740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Deutsche Bank AG boosted its stake in shares of Vodafone Group by 63,786.2% in the 1st quarter. Deutsche Bank AG now owns 1,597,156 shares of the cell phone carrier’s stock worth $14,965,000 after buying an additional 1,594,656 shares during the last quarter. Acadian Asset Management LLC boosted its position 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 worth $13,076,000 after purchasing an additional 1,168,435 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Vodafone Group during the 1st quarter valued at about $7,470,000. Gateway Investment Advisers LLC increased its position in shares of Vodafone Group by 2,007.0% during the 2nd quarter. Gateway Investment Advisers LLC now owns 502,218 shares of the cell phone carrier’s stock valued at $5,354,000 after purchasing an additional 478,382 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its stake in shares of Vodafone Group by 3,100.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 480,000 shares of the cell phone carrier’s stock worth $5,116,000 after purchasing an additional 465,000 shares during the period. 7.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Vodafone Group in a research report on Wednesday, July 2nd. They set an “equal weight” rating for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, October 8th. Wall Street Zen raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Saturday. BNP Paribas Exane started coverage on Vodafone Group in a research report on Tuesday, October 21st. They set an “underperform” rating and a $8.00 target price on the stock. Finally, The Goldman Sachs Group cut Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price target for the company. in a research report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $72.00.

Vodafone Group Trading Up 1.4%

Shares of VOD stock opened at $11.90 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. The stock has a fifty day simple moving average of $11.62 and a two-hundred day simple moving average of $10.77. The firm has a market capitalization of $28.55 billion, a PE ratio of 10.53, a PEG ratio of 0.27 and a beta of 0.62. Vodafone Group PLC has a 52-week low of $8.00 and a 52-week high of $12.06.

Vodafone Group 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.