Advisory Services Network LLC Invests $178,000 in Vodafone Group Plc (NASDAQ:VOD)

Advisory Services Network LLC purchased a new position in shares of Vodafone Group Plc (NASDAQ:VOD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,362 shares of the cell phone carrier’s stock, valued at approximately $178,000.

Other institutional investors have also modified their holdings of the company. Harbour Investments Inc. bought a new stake in shares of Vodafone Group during the 1st quarter valued at $36,000. Stonebridge Capital Advisors LLC bought a new stake in shares of Vodafone Group during the 1st quarter valued at $37,000. Arkadios Wealth Advisors raised its position in shares of Vodafone Group by 391.6% during the 2nd quarter. Arkadios Wealth Advisors now owns 2,045 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 1,629 shares during the period. Bessemer Group Inc. bought a new stake in shares of Vodafone Group during the 1st quarter valued at $41,000. Finally, Bbva USA bought a new stake in shares of Vodafone Group during the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

Vodafone Group stock opened at $15.26 on Thursday. The company’s 50-day moving average price is $16.40 and its 200-day moving average price is $17.51. Vodafone Group Plc has a twelve month low of $13.20 and a twelve month high of $20.36. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 1.03. The company has a market cap of $42.03 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 4.42 and a beta of 0.99.

VOD has been the topic of a number of research reports. Bank of America reiterated a “buy” rating on shares of Vodafone Group in a report on Thursday, September 16th. Zacks Investment Research upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating and set a $18.00 price target on the stock in a report on Tuesday, September 21st. Morgan Stanley reiterated an “overweight” rating on shares of Vodafone Group in a report on Thursday, July 29th. Barclays reiterated an “overweight” rating on shares of Vodafone Group in a report on Monday, July 26th. Finally, Sanford C. Bernstein began coverage on shares of Vodafone Group in a report on Tuesday, September 7th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $17.34.

Vodafone Group Profile

Vodafone Group Plc engages in telecommunication services in Europe and internationally. The firms offers mobile services that enable customers to call, text and access data, fixed line services, including broadband, television (TV) offerings, and voice and convergence services under the GigaKombi and Vodafone One names to customers.

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Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

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