Checchi Capital Advisers LLC Has $123,000 Stake in Vodafone Group PLC $VOD

Checchi Capital Advisers LLC decreased its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 11.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 11,555 shares of the cell phone carrier’s stock after selling 1,472 shares during the period. Checchi Capital Advisers LLC’s holdings in Vodafone Group were worth $123,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VOD. V Square Quantitative Management LLC bought a new stake in shares of Vodafone Group during the second quarter valued at approximately $25,000. Atwood & Palmer Inc. bought a new stake in shares of Vodafone Group during the second quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. grew its stake in shares of Vodafone Group by 65.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier’s stock valued at $30,000 after purchasing an additional 1,250 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Vodafone Group during the first quarter valued at approximately $31,000. Finally, NBC Securities Inc. grew its stake in shares of Vodafone Group by 116,833.3% during the first quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier’s stock valued at $32,000 after purchasing an additional 3,505 shares during the last quarter. 7.84% of the stock is owned by institutional investors.

Vodafone Group Trading Down 0.2%

VOD opened at $11.27 on Wednesday. The firm’s fifty day moving average is $11.57 and its two-hundred day moving average is $10.50. 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 firm has a market cap of $27.17 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.54 and a beta of 0.62. Vodafone Group PLC has a twelve month low of $8.00 and a twelve month high of $12.06.

Analysts Set New Price Targets

VOD has been the topic of several research analyst reports. The Goldman Sachs Group cut shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price target on the stock. in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vodafone Group in a research note on Saturday, September 27th. Zacks Research raised shares of Vodafone Group to a “hold” rating in a research note on Tuesday, August 12th. Berenberg Bank raised shares of Vodafone Group to a “hold” rating in a research note on Thursday, June 26th. Finally, Morgan Stanley began coverage on shares of Vodafone Group in a research note on Wednesday, July 2nd. They issued an “equal weight” rating on the stock. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Vodafone Group currently has an average rating of “Reduce” and an average target price of $136.00.

About Vodafone Group

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.