TIAA CREF Investment Management LLC Has $6.89 Million Holdings in Vonage Holdings Corp. (VG)

TIAA CREF Investment Management LLC decreased its position in Vonage Holdings Corp. (NYSE:VG) by 28.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,052,973 shares of the technology company’s stock after selling 420,435 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.47% of Vonage Holdings Corp. worth $6,886,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VG. Fifth Third Bancorp boosted its stake in Vonage Holdings Corp. by 29.6% during the first quarter. Fifth Third Bancorp now owns 16,911 shares of the technology company’s stock worth $107,000 after acquiring an additional 3,863 shares in the last quarter. Quantitative Systematic Strategies LLC boosted its stake in Vonage Holdings Corp. by 19.0% during the second quarter. Quantitative Systematic Strategies LLC now owns 19,671 shares of the technology company’s stock worth $131,000 after acquiring an additional 3,136 shares in the last quarter. Karp Capital Management Corp bought a new stake in Vonage Holdings Corp. during the first quarter worth about $126,000. Eqis Capital Management Inc. boosted its stake in Vonage Holdings Corp. by 4.2% during the second quarter. Eqis Capital Management Inc. now owns 20,043 shares of the technology company’s stock worth $131,000 after acquiring an additional 813 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in Vonage Holdings Corp. by 2.2% during the second quarter. Aperio Group LLC now owns 20,387 shares of the technology company’s stock worth $133,000 after acquiring an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 79.57% of the company’s stock.

In other Vonage Holdings Corp. news, CFO David T. Pearson sold 198,350 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $8.07, for a total transaction of $1,600,684.50. Following the completion of the transaction, the chief financial officer now directly owns 216,119 shares of the company’s stock, valued at approximately $1,744,080.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey A. Citron sold 414,913 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $7.99, for a total transaction of $3,315,154.87. Following the transaction, the director now directly owns 12,670,751 shares of the company’s stock, valued at $101,239,300.49. The disclosure for this sale can be found here. Insiders have sold a total of 1,028,176 shares of company stock valued at $8,280,784 over the last three months. 14.05% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: “TIAA CREF Investment Management LLC Has $6.89 Million Holdings in Vonage Holdings Corp. (VG)” was originally posted by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/2956756/tiaa-cref-investment-management-llc-has-6-89-million-holdings-in-vonage-holdings-corp-vg.html.

Vonage Holdings Corp. (NYSE VG) opened at 8.19 on Friday. Vonage Holdings Corp. has a 12-month low of $5.74 and a 12-month high of $8.69. The stock’s 50 day moving average is $8.14 and its 200 day moving average is $7.15. The stock has a market capitalization of $1.86 billion, a PE ratio of 102.38 and a beta of -0.11.

Vonage Holdings Corp. (NYSE:VG) last released its earnings results on Thursday, August 3rd. The technology company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $242.05 million. Vonage Holdings Corp. had a net margin of 2.00% and a return on equity of 12.40%. Vonage Holdings Corp.’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. Equities analysts anticipate that Vonage Holdings Corp. will post $0.27 EPS for the current fiscal year.

Several equities research analysts recently commented on VG shares. Robert W. Baird reissued a “buy” rating and set a $9.00 price objective on shares of Vonage Holdings Corp. in a research note on Friday, September 1st. Northland Securities reissued a “buy” rating and set a $9.50 price objective on shares of Vonage Holdings Corp. in a research note on Thursday. Dougherty & Co dropped their price objective on shares of Vonage Holdings Corp. from $10.50 to $8.50 and set a “buy” rating on the stock in a research note on Friday, August 4th. Citigroup Inc. reissued a “buy” rating and set a $9.75 price objective on shares of Vonage Holdings Corp. in a research note on Wednesday, September 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $9.50 target price on shares of Vonage Holdings Corp. in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $9.16.

Vonage Holdings Corp. Profile

Vonage Holdings Corp. is a provider of cloud communications services for businesses and consumers, and consumer and communication solutions across multiple devices. The Company operates through two segments: Business and Consumer. For business services customers, the Company provides cloud-based unified communications as a service (UCaaS) solutions, consisting of integrated voice, text, video, data, collaboration, and mobile applications over its scalable session initiation protocol (SIP) based voice over Internet protocol (VoIP) network.

Want to see what other hedge funds are holding VG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vonage Holdings Corp. (NYSE:VG).

Institutional Ownership by Quarter for Vonage Holdings Corp. (NYSE:VG)

Receive News & Ratings for Vonage Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vonage Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.