Hsbc Holdings PLC Reduces Stake in Vodafone Group Public Limited (NASDAQ:VOD)

Hsbc Holdings PLC cut its stake in Vodafone Group Public Limited (NASDAQ:VOD) by 84.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 602,078 shares of the cell phone carrier’s stock after selling 3,176,578 shares during the quarter. Hsbc Holdings PLC’s holdings in Vodafone Group Public were worth $5,115,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in VOD. ABC Arbitrage SA purchased a new position in shares of Vodafone Group Public in the fourth quarter valued at $22,646,000. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Vodafone Group Public by 18.1% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier’s stock valued at $123,940,000 after buying an additional 2,238,935 shares during the period. JPMorgan Chase & Co. boosted its stake in Vodafone Group Public by 177.1% during the third quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock valued at $33,632,000 after buying an additional 2,145,085 shares during the period. Proficio Capital Partners LLC boosted its stake in Vodafone Group Public by 749.7% during the fourth quarter. Proficio Capital Partners LLC now owns 2,151,935 shares of the cell phone carrier’s stock valued at $18,270,000 after buying an additional 1,898,663 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Vodafone Group Public during the fourth quarter valued at $10,583,000. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Vodafone Group Public Trading Up 2.4 %

Shares of VOD stock opened at $9.57 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $9.10 and a two-hundred day moving average price of $8.89. Vodafone Group Public Limited has a 12-month low of $8.00 and a 12-month high of $10.39. The firm has a market cap of $22.66 billion, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 0.66 and a beta of 0.58.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VOD shares. StockNews.com lowered Vodafone Group Public from a “buy” rating to a “hold” rating in a research note on Saturday. DZ Bank raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Bank of America lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Vodafone Group Public in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Vodafone Group Public Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.