Waterfront Wealth Inc. Sells 55,934 Shares of Vodafone Group PLC $VOD

Waterfront Wealth Inc. cut its holdings in Vodafone Group PLC (NASDAQ:VOD) by 24.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,410 shares of the cell phone carrier’s stock after selling 55,934 shares during the period. Waterfront Wealth Inc.’s holdings in Vodafone Group were worth $2,446,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. SALT Holding Corp. boosted its holdings in Vodafone Group by 3,039.6% during 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 period. BNP Paribas Financial Markets boosted its holdings in Vodafone Group by 282.5% during the second 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. Capitolis Liquid Global Markets LLC bought a new stake in Vodafone Group during the third quarter valued at about $23,495,000. Jump Financial LLC boosted its holdings in Vodafone Group by 6,354.9% during the third quarter. Jump Financial LLC now owns 1,345,455 shares of the cell phone carrier’s stock valued at $15,607,000 after acquiring an additional 1,324,611 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Vodafone Group by 235.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,548,454 shares of the cell phone carrier’s stock valued at $16,507,000 after acquiring an additional 1,086,405 shares during the period. 7.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VOD has been the subject of a number of recent analyst reports. UBS Group upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Weiss Ratings upgraded shares of Vodafone Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Berenberg Bank upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Finally, Zacks Research upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $72.00.

Vodafone Group Price Performance

VOD stock opened at $15.48 on Monday. Vodafone Group PLC has a twelve month low of $8.98 and a twelve month high of $15.94. The business’s 50-day simple moving average is $15.13 and its 200 day simple moving average is $13.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 1.13.

About Vodafone Group

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.