Citigroup Inc. Reduces Stake in Vodafone Group Public Limited (NASDAQ:VOD)

Citigroup Inc. trimmed its position in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 90.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,927 shares of the cell phone carrier’s stock after selling 244,895 shares during the quarter. Citigroup Inc.’s holdings in Vodafone Group Public were worth $246,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VOD. Renaissance Technologies LLC increased its stake in shares of Vodafone Group Public by 5.7% during the 1st quarter. Renaissance Technologies LLC now owns 27,537,932 shares of the cell phone carrier’s stock worth $457,680,000 after purchasing an additional 1,487,100 shares in the last quarter. ACR Alpine Capital Research LLC increased its position in Vodafone Group Public by 1.4% during the third quarter. ACR Alpine Capital Research LLC now owns 18,895,032 shares of the cell phone carrier’s stock worth $179,125,000 after buying an additional 257,892 shares in the last quarter. Morgan Stanley raised its holdings in shares of Vodafone Group Public by 17.5% in the third quarter. Morgan Stanley now owns 12,202,596 shares of the cell phone carrier’s stock worth $115,681,000 after acquiring an additional 1,816,211 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Vodafone Group Public by 4.3% in the first quarter. Royal Bank of Canada now owns 5,807,331 shares of the cell phone carrier’s stock valued at $96,516,000 after acquiring an additional 240,455 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Vodafone Group Public by 31.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,880,463 shares of the cell phone carrier’s stock valued at $46,267,000 after acquiring an additional 1,180,113 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Public Stock Up 1.7 %

Shares of NASDAQ:VOD opened at $8.83 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.89 and a quick ratio of 0.86. The stock’s 50-day moving average price is $8.65 and its two-hundred day moving average price is $9.01. Vodafone Group Public Limited has a 12-month low of $8.02 and a 12-month high of $12.07.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a report on Monday, February 12th. BNP Paribas cut shares of Vodafone Group Public from a “neutral” rating to an “underperform” rating in a research note on Thursday, December 7th.

About Vodafone Group Public

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.