Vodafone Group PLC $VOD Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in Vodafone Group PLC (NASDAQ:VOD) by 25.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,021,962 shares of the cell phone carrier’s stock after selling 2,054,186 shares during the quarter. JPMorgan Chase & Co.’s holdings in Vodafone Group were worth $69,855,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its holdings in Vodafone Group by 22.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier’s stock worth $295,079,000 after acquiring an additional 5,160,095 shares in the last quarter. ACR Alpine Capital Research LLC grew its position in shares of Vodafone Group by 0.9% in the third quarter. ACR Alpine Capital Research LLC now owns 26,095,086 shares of the cell phone carrier’s stock valued at $302,703,000 after purchasing an additional 228,325 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Vodafone Group by 1.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,518,066 shares of the cell phone carrier’s stock worth $64,010,000 after purchasing an additional 76,534 shares during the last quarter. ABC Arbitrage SA lifted its stake in Vodafone Group by 22.7% in the 3rd quarter. ABC Arbitrage SA now owns 3,646,412 shares of the cell phone carrier’s stock valued at $42,298,000 after buying an additional 673,508 shares in the last quarter. Finally, SALT Holding Corp. boosted its holdings in Vodafone Group by 3,039.6% in the 2nd quarter. SALT Holding Corp. now owns 3,623,500 shares of the cell phone carrier’s stock worth $38,627,000 after buying an additional 3,508,086 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Price Performance

Shares of VOD opened at $15.70 on Wednesday. Vodafone Group PLC has a 52-week low of $8.05 and a 52-week high of $15.90. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $14.18 and a two-hundred day simple moving average of $12.66.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group reissued a “sell” rating on shares of Vodafone Group in a report on Monday, November 3rd. Wall Street Zen downgraded Vodafone Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Berenberg Bank raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 7th. Zacks Research raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Barclays raised shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $72.00.

Vodafone Group Profile

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.