Circle Wealth Management LLC boosted its stake in Vodafone Group Plc (NASDAQ:VOD) by 44.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,188 shares of the cell phone carrier’s stock after purchasing an additional 3,450 shares during the period. Circle Wealth Management LLC’s holdings in Vodafone Group were worth $357,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Truewealth LLC purchased a new position in shares of Vodafone Group in the fourth quarter worth about $142,000. Proficio Capital Partners LLC increased its stake in shares of Vodafone Group by 60.9% in the fourth quarter. Proficio Capital Partners LLC now owns 4,641 shares of the cell phone carrier’s stock worth $148,000 after purchasing an additional 1,757 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Vodafone Group in the third quarter worth about $151,000. Global Trust Asset Management LLC purchased a new position in shares of Vodafone Group in the fourth quarter worth about $171,000. Finally, Bank of Nova Scotia Trust Co. purchased a new position in shares of Vodafone Group in the third quarter worth about $172,000. 10.92% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on VOD. BNP Paribas upgraded shares of Vodafone Group from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $28.67 to $28.56 in a research note on Wednesday, March 7th. BidaskClub downgraded shares of Vodafone Group from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Bank of America reiterated a “buy” rating and issued a $37.26 target price on shares of Vodafone Group in a research note on Monday, February 5th. Numis Securities upgraded shares of Vodafone Group from an “add” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Zacks Investment Research downgraded shares of Vodafone Group from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $32.36.
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About Vodafone Group
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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