Vodafone Group PLC $VOD Shares Purchased by Three Seasons Wealth LLC

Three Seasons Wealth LLC grew its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 972.1% in the second quarter, Holdings Channel reports. The institutional investor owned 165,685 shares of the cell phone carrier’s stock after buying an additional 150,231 shares during the period. Three Seasons Wealth LLC’s holdings in Vodafone Group were worth $2,191,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bayban increased its position in Vodafone Group by 6,696.7% during the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock worth $31,000 after purchasing an additional 2,009 shares during the period. Western Wealth Management LLC acquired a new stake in Vodafone Group in the first quarter valued at $34,000. Caitong International Asset Management Co. Ltd increased its holdings in Vodafone Group by 81.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock valued at $35,000 after acquiring an additional 1,193 shares in the last quarter. Assetmark Inc. increased its stake in shares of Vodafone Group by 31.5% during the 1st quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock worth $45,000 after purchasing an additional 717 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in shares of Vodafone Group by 207.6% in the fourth quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock worth $43,000 after acquiring an additional 2,215 shares during the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. DZ Bank downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Bank of America lowered Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 target price on the stock. in a research report on Tuesday, May 26th. Barclays lowered shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Finally, The Goldman Sachs Group upgraded Vodafone Group from a “sell” rating to a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.57.

Vodafone Group Stock Performance

Shares of VOD stock opened at $16.90 on Friday. The company’s 50-day simple moving average is $15.38 and its 200-day simple moving average is $15.18. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. Vodafone Group PLC has a one year low of $11.12 and a one year high of $17.15.

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.