Vodafone Group PLC $VOD Shares Sold by ABC Arbitrage SA

ABC Arbitrage SA trimmed its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 11.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,227,589 shares of the cell phone carrier’s stock after selling 418,823 shares during the quarter. Vodafone Group accounts for 3.9% of ABC Arbitrage SA’s portfolio, making the stock its 4th biggest position. ABC Arbitrage SA’s holdings in Vodafone Group were worth $42,636,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. SALT Holding Corp. lifted its stake in shares of 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 valued at $38,627,000 after purchasing an additional 3,508,086 shares during the period. BNP Paribas Financial Markets increased its stake in Vodafone Group by 282.5% in 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 purchasing an additional 2,335,306 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in Vodafone Group in the third quarter valued at approximately $23,495,000. Jump Financial LLC grew its holdings in shares of Vodafone Group by 6,354.9% in the 3rd quarter. Jump Financial LLC now owns 1,345,455 shares of the cell phone carrier’s stock valued at $15,607,000 after buying an additional 1,324,611 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Vodafone Group by 235.1% in the 2nd 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 buying an additional 1,086,405 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VOD shares. UBS Group upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Weiss Ratings cut shares of Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Zacks Research raised shares of Vodafone Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Vodafone Group presently has an average rating of “Hold” and an average price target of $72.00.

Vodafone Group Stock Up 0.7%

NASDAQ VOD opened at $16.32 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. Vodafone Group PLC has a 12-month low of $8.98 and a 12-month high of $16.61. The firm’s 50 day moving average is $15.16 and its 200-day moving average is $13.97.

Vodafone Group Company 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.