SVB Wealth LLC Trims Stock Position in Vodafone Group Public Limited (NASDAQ:VOD)

SVB Wealth LLC cut its stake in Vodafone Group Public Limited (NASDAQ:VOD) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,558 shares of the cell phone carrier’s stock after selling 1,342 shares during the period. SVB Wealth LLC’s holdings in Vodafone Group Public were worth $92,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in Vodafone Group Public by 73.0% in the third quarter. Envestnet Asset Management Inc. now owns 4,039,166 shares of the cell phone carrier’s stock valued at $38,291,000 after purchasing an additional 1,704,002 shares during the period. ICICI Prudential Asset Management Co Ltd increased its stake in shares of Vodafone Group Public by 17.8% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 9,269,284 shares of the cell phone carrier’s stock worth $80,643,000 after acquiring an additional 1,400,000 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Vodafone Group Public by 31.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,880,463 shares of the cell phone carrier’s stock worth $46,267,000 after acquiring an additional 1,180,113 shares during the period. FMR LLC increased its stake in shares of Vodafone Group Public by 87.9% during the third quarter. FMR LLC now owns 2,369,456 shares of the cell phone carrier’s stock worth $22,462,000 after acquiring an additional 1,108,312 shares during the period. Finally, Keating Investment Counselors Inc. increased its stake in shares of Vodafone Group Public by 71.8% during the third quarter. Keating Investment Counselors Inc. now owns 1,003,131 shares of the cell phone carrier’s stock worth $9,510,000 after acquiring an additional 419,171 shares during the period. 7.84% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group Public Price Performance

Shares of VOD opened at $8.69 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.86 and a current ratio of 0.89. The firm’s 50-day moving average is $8.65 and its two-hundred day moving average is $8.85. Vodafone Group Public Limited has a twelve month low of $8.02 and a twelve month high of $12.07.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research note on Monday, February 12th.

Vodafone Group Public 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.