Robertson Stephens Wealth Management LLC Purchases New Holdings in Vodafone Group PLC $VOD

Robertson Stephens Wealth Management LLC bought a new stake in Vodafone Group PLC (NASDAQ:VOD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 68,396 shares of the cell phone carrier’s stock, valued at approximately $922,000.

A number of other large investors also recently made changes to their positions in VOD. ACR Alpine Capital Research LLC grew its position in Vodafone Group by 0.9% during the third quarter. ACR Alpine Capital Research LLC now owns 26,095,086 shares of the cell phone carrier’s stock valued at $302,703,000 after purchasing an additional 228,325 shares in the last quarter. Bank of America Corp DE grew its position in Vodafone Group by 9.1% during the third quarter. Bank of America Corp DE now owns 7,331,144 shares of the cell phone carrier’s stock valued at $85,041,000 after purchasing an additional 610,409 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Vodafone Group by 1.4% during the third quarter. Envestnet Asset Management Inc. now owns 5,518,066 shares of the cell phone carrier’s stock valued at $64,010,000 after purchasing an additional 76,534 shares in the last quarter. SALT Holding Corp. grew its position in Vodafone Group by 5.5% during the third quarter. SALT Holding Corp. now owns 3,821,000 shares of the cell phone carrier’s stock valued at $44,324,000 after purchasing an additional 197,500 shares in the last quarter. Finally, ABC Arbitrage SA grew its position in Vodafone Group by 22.7% during the third quarter. ABC Arbitrage SA now owns 3,646,412 shares of the cell phone carrier’s stock valued at $42,298,000 after purchasing an additional 673,508 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VOD shares. Weiss Ratings raised shares of Vodafone Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 17th. Zacks Research raised shares of Vodafone Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. UBS Group raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Berenberg Bank raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $72.00.

Vodafone Group Stock Performance

NASDAQ:VOD opened at $16.15 on Monday. The stock’s 50 day moving average price is $15.12 and its 200 day moving average price is $13.81. Vodafone Group PLC has a 52 week low of $8.98 and a 52 week high of $16.22. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17.

About Vodafone Group

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.