Envestnet Portfolio Solutions Inc. Decreases Stock Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

Envestnet Portfolio Solutions Inc. cut its holdings in Vodafone Group Public Limited (NASDAQ:VOD) by 23.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,400 shares of the cell phone carrier’s stock after selling 4,434 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Vodafone Group Public were worth $122,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VOD. ABC Arbitrage SA purchased a new position in Vodafone Group Public during the fourth quarter worth $22,646,000. JPMorgan Chase & Co. boosted its stake in shares of Vodafone Group Public by 177.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock worth $33,632,000 after purchasing an additional 2,145,085 shares during the period. Proficio Capital Partners LLC raised its position in Vodafone Group Public by 749.7% in the 4th quarter. Proficio Capital Partners LLC now owns 2,151,935 shares of the cell phone carrier’s stock worth $18,270,000 after purchasing an additional 1,898,663 shares during the period. Raymond James Financial Inc. bought a new stake in Vodafone Group Public in the fourth quarter worth about $10,583,000. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Vodafone Group Public during the fourth quarter valued at approximately $2,458,000. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Price Performance

VOD opened at $9.45 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. The business’s fifty day simple moving average is $8.85 and its 200-day simple moving average is $9.04. The company has a market capitalization of $22.37 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 0.66 and a beta of 0.75. Vodafone Group Public Limited has a 12-month low of $8.00 and a 12-month high of $10.39.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VOD. The Goldman Sachs Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. StockNews.com lowered shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. DZ Bank raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Finally, Bank of America cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, March 24th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Profile

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.