Gabelli Funds LLC Sells 7,000 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Gabelli Funds LLC reduced its stake in Vodafone Group Public Limited (NASDAQ:VOD) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 982,100 shares of the cell phone carrier’s stock after selling 7,000 shares during the period. Gabelli Funds LLC’s holdings in Vodafone Group Public were worth $8,711,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in Vodafone Group Public in the 1st quarter worth about $46,000. Stifel Financial Corp lifted its holdings in shares of Vodafone Group Public by 23.6% in the fourth quarter. Stifel Financial Corp now owns 532,381 shares of the cell phone carrier’s stock worth $4,632,000 after buying an additional 101,553 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Vodafone Group Public in the first quarter valued at approximately $1,151,000. ACR Alpine Capital Research LLC grew its stake in Vodafone Group Public by 40.4% during the first quarter. ACR Alpine Capital Research LLC now owns 21,608,956 shares of the cell phone carrier’s stock valued at $192,320,000 after acquiring an additional 6,216,805 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Vodafone Group Public by 353.6% during the 1st quarter. Sei Investments Co. now owns 136,789 shares of the cell phone carrier’s stock worth $1,217,000 after acquiring an additional 106,636 shares during the period. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Vodafone Group Public Trading Up 1.0 %

NASDAQ VOD opened at $10.11 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.79. The stock’s 50-day simple moving average is $9.60 and its two-hundred day simple moving average is $9.15. Vodafone Group Public Limited has a twelve month low of $8.02 and a twelve month high of $10.39. The company has a market capitalization of $27.24 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 1.02 and a beta of 0.77.

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.