JPMorgan Chase & Co. Has $69.86 Million Holdings in Vodafone Group PLC $VOD

JPMorgan Chase & Co. decreased its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 25.4% in the third quarter, Holdings Channel reports. The fund owned 6,021,962 shares of the cell phone carrier’s stock after selling 2,054,186 shares during the period. JPMorgan Chase & Co.’s holdings in Vodafone Group were worth $69,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of VOD. Sound Income Strategies LLC grew its position in shares of Vodafone Group by 3,455.7% in the third quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier’s stock valued at $39,000 after purchasing an additional 3,352 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Vodafone Group by 38.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock worth $40,000 after purchasing an additional 946 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Vodafone Group by 36.2% during the 3rd quarter. Global Retirement Partners LLC now owns 6,389 shares of the cell phone carrier’s stock valued at $74,000 after purchasing an additional 1,698 shares during the period. Smartleaf Asset Management LLC grew its holdings in Vodafone Group by 98.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 7,372 shares of the cell phone carrier’s stock valued at $78,000 after buying an additional 3,651 shares during the last quarter. Finally, Rexford Capital Inc. bought a new position in Vodafone Group in the 2nd quarter worth approximately $89,000. 7.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VOD. Barclays raised Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Berenberg Bank upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $72.00.

Vodafone Group Trading Down 2.6%

Shares of NASDAQ:VOD opened at $14.37 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 1.13. Vodafone Group PLC has a 1-year low of $8.05 and a 1-year high of $15.91. The business’s 50 day moving average is $14.70 and its 200-day moving average is $12.99.

Vodafone Group 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.