Private Advisor Group LLC trimmed its stake in shares of Vodafone Group Plc (NASDAQ:VOD) by 46.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 72,683 shares of the cell phone carrier’s stock after selling 63,419 shares during the quarter. Private Advisor Group LLC’s holdings in Vodafone Group were worth $2,350,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its stake in shares of Vodafone Group by 21.0% during the 2nd quarter. Advisory Services Network LLC now owns 4,433 shares of the cell phone carrier’s stock valued at $127,000 after purchasing an additional 768 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in shares of Vodafone Group during the 3rd quarter valued at $151,000. Global Trust Asset Management LLC bought a new stake in shares of Vodafone Group during the 4th quarter valued at $171,000. Bank of Nova Scotia Trust Co. bought a new stake in shares of Vodafone Group during the 3rd quarter valued at $172,000. Finally, National Asset Management Inc. bought a new stake in shares of Vodafone Group during the 2nd quarter valued at $203,000. Institutional investors own 10.36% of the company’s stock.
A number of equities analysts have weighed in on the company. Bank of America restated a “buy” rating and issued a $37.26 target price on shares of Vodafone Group in a research note on Monday, February 5th. Numis Securities upgraded Vodafone Group from an “add” rating to a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research lowered Vodafone Group from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. BidaskClub lowered Vodafone Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Finally, Raymond James Financial upgraded Vodafone Group from a “market perform” rating to a “strong-buy” rating in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Vodafone Group has a consensus rating of “Buy” and a consensus price target of $33.32.
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About Vodafone Group
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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