Wealthfront Advisers LLC Makes New Investment in Vodafone Group Public Limited (NASDAQ:VOD)

Wealthfront Advisers LLC acquired a new position in shares of Vodafone Group Public Limited (NASDAQ:VOD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 32,245 shares of the cell phone carrier’s stock, valued at approximately $274,000.

Several other institutional investors also recently bought and sold shares of VOD. ABC Arbitrage SA purchased a new stake in Vodafone Group Public during the fourth quarter worth approximately $22,646,000. JPMorgan Chase & Co. boosted its stake in shares of Vodafone Group Public by 177.1% in the third quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock valued at $33,632,000 after purchasing an additional 2,145,085 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Vodafone Group Public by 749.7% in the fourth quarter. Proficio Capital Partners LLC now owns 2,151,935 shares of the cell phone carrier’s stock valued at $18,270,000 after purchasing an additional 1,898,663 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Vodafone Group Public in the fourth quarter valued at $10,583,000. Finally, Bank of Montreal Can boosted its stake in shares of Vodafone Group Public by 12.4% in the third quarter. Bank of Montreal Can now owns 4,277,581 shares of the cell phone carrier’s stock valued at $43,161,000 after purchasing an additional 472,537 shares during the period. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday. The Goldman Sachs Group downgraded shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, DZ Bank upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Vodafone Group Public Trading Up 3.2 %

NASDAQ VOD opened at $9.86 on Tuesday. Vodafone Group Public Limited has a 12 month low of $8.00 and a 12 month high of $10.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34. The company has a market capitalization of $23.34 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 0.66 and a beta of 0.75. The company’s fifty day moving average price is $8.63 and its two-hundred day moving average price is $9.06.

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.