Vodafone Group Public Target of Unusually High Options Trading (NASDAQ:VOD)

Vodafone Group Public Limited (NASDAQ:VODGet Rating) was the recipient of some unusual options trading activity on Friday. Investors purchased 15,770 call options on the company. This is an increase of approximately 162% compared to the average daily volume of 6,022 call options.

Vodafone Group Public Stock Performance

Shares of VOD traded down $0.42 during mid-day trading on Friday, hitting $11.95. 214,754 shares of the company’s stock were exchanged, compared to its average volume of 5,032,400. The stock’s 50-day moving average is $13.98 and its 200-day moving average is $15.33. Vodafone Group Public has a fifty-two week low of $12.13 and a fifty-two week high of $19.05. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 1.02.

Institutional Trading of Vodafone Group Public

Several hedge funds have recently added to or reduced their stakes in VOD. Ruffer LLP acquired a new stake in Vodafone Group Public in the first quarter valued at approximately $70,827,000. JPMorgan Chase & Co. raised its holdings in Vodafone Group Public by 313.4% during the first quarter. JPMorgan Chase & Co. now owns 5,230,757 shares of the cell phone carrier’s stock worth $86,936,000 after purchasing an additional 3,965,329 shares in the last quarter. Bank of America Corp DE raised its holdings in Vodafone Group Public by 32.2% during the first quarter. Bank of America Corp DE now owns 13,170,727 shares of the cell phone carrier’s stock worth $218,897,000 after purchasing an additional 3,207,740 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Vodafone Group Public by 141.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,012,386 shares of the cell phone carrier’s stock worth $66,686,000 after purchasing an additional 2,350,386 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Vodafone Group Public by 5.7% during the first quarter. Renaissance Technologies LLC now owns 27,537,932 shares of the cell phone carrier’s stock worth $457,680,000 after purchasing an additional 1,487,100 shares in the last quarter. Institutional investors and hedge funds own 8.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VOD shares. Sanford C. Bernstein lowered shares of Vodafone Group Public from an “outperform” rating to a “market perform” rating in a report on Monday, August 1st. UBS Group lowered their target price on shares of Vodafone Group Public from GBX 146 ($1.76) to GBX 143 ($1.73) in a research note on Tuesday, July 26th. StockNews.com lowered shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley lowered their target price on shares of Vodafone Group Public from GBX 180 ($2.17) to GBX 155 ($1.87) in a research note on Wednesday, September 7th. Finally, Barclays lowered their target price on shares of Vodafone Group Public from GBX 140 ($1.69) to GBX 120 ($1.45) in a research note on Friday, September 16th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $156.33.

Vodafone Group Public Company Profile

(Get Rating)

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company 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.

See Also

Receive News & Ratings for Vodafone Group Public Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group Public and related companies with MarketBeat.com's FREE daily email newsletter.