Delek Group Ltd. raised its holdings in Vodafone Group Plc (NASDAQ:VOD) by 80.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,231,000 shares of the cell phone carrier’s stock after acquiring an additional 550,000 shares during the period. Delek Group Ltd.’s holdings in Vodafone Group were worth $22,269,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. OLD Second National Bank of Aurora increased its position in Vodafone Group by 277.2% during the first quarter. OLD Second National Bank of Aurora now owns 1,339 shares of the cell phone carrier’s stock worth $25,000 after buying an additional 984 shares during the last quarter. Cornerstone Advisors Inc. increased its position in Vodafone Group by 282.3% during the first quarter. Cornerstone Advisors Inc. now owns 1,380 shares of the cell phone carrier’s stock worth $25,000 after buying an additional 1,019 shares during the last quarter. Sontag Advisory LLC acquired a new position in Vodafone Group during the fourth quarter worth approximately $26,000. Massey Quick Simon & CO. LLC increased its position in Vodafone Group by 881.1% during the first quarter. Massey Quick Simon & CO. LLC now owns 2,227 shares of the cell phone carrier’s stock worth $40,000 after buying an additional 2,000 shares during the last quarter. Finally, Heritage Wealth Advisors acquired a new position in Vodafone Group during the first quarter worth approximately $41,000. 7.93% of the stock is owned by hedge funds and other institutional investors.
NASDAQ VOD traded up $0.07 on Friday, hitting $16.33. 2,566,269 shares of the company’s stock were exchanged, compared to its average volume of 4,769,382. The business has a 50-day moving average price of $16.28. The company has a current ratio of 1.55, a quick ratio of 1.52 and a debt-to-equity ratio of 0.77. Vodafone Group Plc has a 52 week low of $15.53 and a 52 week high of $25.47. The company has a market cap of $43.72 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 2.04 and a beta of 0.82.
Several equities analysts have recently commented on the company. Argus decreased their target price on Vodafone Group to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th. HSBC raised Vodafone Group from a “hold” rating to a “buy” rating and set a $15.99 target price on the stock in a research report on Friday, May 24th. Zacks Investment Research raised Vodafone Group from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, March 28th. BidaskClub raised Vodafone Group from a “hold” rating to a “buy” rating in a research report on Monday, June 10th. Finally, Exane BNP Paribas downgraded Vodafone Group from an “outperform” rating to a “neutral” rating in a research report on Friday, March 8th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.30.
About Vodafone Group
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
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