Hsbc Holdings PLC Has $26.79 Million Stake in Vodafone Group Public Limited (NASDAQ:VOD)

Hsbc Holdings PLC grew its stake in Vodafone Group Public Limited (NASDAQ:VOD) by 345.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,026,713 shares of the cell phone carrier’s stock after purchasing an additional 2,346,815 shares during the quarter. Hsbc Holdings PLC owned approximately 0.11% of Vodafone Group Public worth $26,786,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC boosted its holdings in Vodafone Group Public by 6.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 117,511 shares of the cell phone carrier’s stock worth $1,041,000 after acquiring an additional 7,405 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Vodafone Group Public by 2.3% during the second quarter. Moors & Cabot Inc. now owns 83,748 shares of the cell phone carrier’s stock worth $743,000 after purchasing an additional 1,865 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Vodafone Group Public by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,785,945 shares of the cell phone carrier’s stock valued at $15,841,000 after buying an additional 59,478 shares during the last quarter. Capital Wealth Planning LLC bought a new position in shares of Vodafone Group Public during the 2nd quarter worth approximately $2,248,000. Finally, Schulhoff & Co. Inc. purchased a new position in shares of Vodafone Group Public in the 2nd quarter worth approximately $235,000. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Vodafone Group Public in a research report on Thursday, June 20th. They set a “buy” rating for the company. New Street Research raised shares of Vodafone Group Public to a “strong-buy” rating in a research report on Monday, July 8th. Finally, StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.45.

Vodafone Group Public Stock Down 0.5 %

VOD stock opened at $10.01 on Friday. The stock has a fifty day moving average of $9.58 and a 200-day moving average of $9.14. Vodafone Group Public Limited has a fifty-two week low of $8.02 and a fifty-two week high of $10.39. The company has a market capitalization of $26.31 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.02 and a beta of 0.77. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.29 and a current ratio of 1.31.

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.