Vodafone Group Plc (VOD) Shares Bought by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC lifted its holdings in shares of Vodafone Group Plc (NASDAQ:VOD) by 47.0% during the first quarter, HoldingsChannel.com reports. The firm owned 76,438 shares of the cell phone carrier’s stock after acquiring an additional 24,425 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Vodafone Group were worth $1,391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Allied Advisory Services Inc. increased its position in shares of Vodafone Group by 2.0% during the 1st quarter. First Allied Advisory Services Inc. now owns 133,643 shares of the cell phone carrier’s stock worth $2,438,000 after purchasing an additional 2,633 shares during the last quarter. Enlightenment Research LLC acquired a new position in shares of Vodafone Group during the 1st quarter worth approximately $182,000. Hardman Johnston Global Advisors LLC increased its position in shares of Vodafone Group by 10.5% during the 1st quarter. Hardman Johnston Global Advisors LLC now owns 13,449 shares of the cell phone carrier’s stock worth $245,000 after purchasing an additional 1,280 shares during the last quarter. Stevens Capital Management LP increased its position in shares of Vodafone Group by 74.8% during the 1st quarter. Stevens Capital Management LP now owns 67,748 shares of the cell phone carrier’s stock worth $1,232,000 after purchasing an additional 28,985 shares during the last quarter. Finally, Cornerstone Advisors Inc. increased its position in shares of Vodafone Group by 282.3% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,380 shares of the cell phone carrier’s stock worth $25,000 after purchasing an additional 1,019 shares during the last quarter. 8.11% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on VOD shares. Bank of America upgraded Vodafone Group from a “neutral” rating to a “buy” rating and set a $18.50 target price for the company in a research note on Wednesday, February 6th. Kepler Capital Markets upgraded Vodafone Group from a “reduce” rating to a “buy” rating in a research note on Monday, January 28th. Macquarie upgraded Vodafone Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 20th. BidaskClub downgraded Vodafone Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Finally, BNP Paribas reiterated a “neutral” rating on shares of Vodafone Group in a research note on Friday, March 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Vodafone Group has an average rating of “Buy” and an average price target of $25.13.

VOD opened at $16.06 on Thursday. The firm has a market capitalization of $44.73 billion, a P/E ratio of 11.81, a PEG ratio of 2.13 and a beta of 0.73. Vodafone Group Plc has a 1 year low of $16.04 and a 1 year high of $27.10. The company has a quick ratio of 1.27, a current ratio of 1.30 and a debt-to-equity ratio of 0.70.

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Vodafone Group Profile

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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Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

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