Vodafone Group PLC $VOD Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its stake in shares of Vodafone Group PLC (NASDAQ:VOD) by 20.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,014 shares of the cell phone carrier’s stock after selling 38,722 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Vodafone Group were worth $2,439,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VOD. Euro Pacific Asset Management LLC increased its holdings in Vodafone Group by 45,047.5% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 7,018,174 shares of the cell phone carrier’s stock valued at $113,344,000 after purchasing an additional 7,002,629 shares in the last quarter. ACR Alpine Capital Research LLC boosted its stake in Vodafone Group by 3.0% in the first quarter. ACR Alpine Capital Research LLC now owns 26,854,952 shares of the cell phone carrier’s stock worth $403,361,000 after purchasing an additional 784,305 shares in the last quarter. Merit Financial Group LLC boosted its stake in Vodafone Group by 7,003.0% in the second quarter. Merit Financial Group LLC now owns 788,577 shares of the cell phone carrier’s stock worth $10,429,000 after purchasing an additional 777,475 shares in the last quarter. Independent Financial Group LLC bought a new stake in shares of Vodafone Group during the first quarter worth $8,406,000. Finally, Amundi bought a new stake in shares of Vodafone Group during the first quarter worth $8,060,000. 7.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VOD. Barclays lowered Vodafone Group from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, October 20th. Berenberg Bank reissued a “buy” rating on shares of Vodafone Group in a report on Friday, October 2nd. The Goldman Sachs Group upgraded shares of Vodafone Group from a “sell” rating to a “buy” rating in a research report on Friday, September 4th. New Street Research raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 10th. Finally, Weiss Ratings lowered shares of Vodafone Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $13.13.

Vodafone Group Stock Performance

VOD stock opened at $15.88 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. Vodafone Group PLC has a 1 year low of $11.12 and a 1 year high of $17.71. The stock has a 50-day moving average price of $16.36 and a two-hundred day moving average price of $15.36.

About Vodafone Group

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.