Lazari Capital Management Inc. Increases Stake in Vodafone Group Public Limited (NASDAQ:VOD)

Lazari Capital Management Inc. raised its position in Vodafone Group Public Limited (NASDAQ:VOD) by 23.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 24,122 shares of the cell phone carrier’s stock after purchasing an additional 4,621 shares during the period. Lazari Capital Management Inc.’s holdings in Vodafone Group Public were worth $214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC raised its holdings in shares of Vodafone Group Public by 40.4% during the 1st quarter. ACR Alpine Capital Research LLC now owns 21,608,956 shares of the cell phone carrier’s stock worth $192,320,000 after acquiring an additional 6,216,805 shares during the period. Bank of Montreal Can raised its holdings in shares of Vodafone Group Public by 445.7% during the 2nd quarter. Bank of Montreal Can now owns 3,805,044 shares of the cell phone carrier’s stock worth $34,055,000 after acquiring an additional 3,107,734 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Vodafone Group Public by 345.2% during the 2nd quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier’s stock worth $26,786,000 after acquiring an additional 2,346,815 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Vodafone Group Public by 20.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,548,765 shares of the cell phone carrier’s stock worth $40,484,000 after acquiring an additional 761,624 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Vodafone Group Public by 163.7% during the 1st quarter. Cetera Investment Advisers now owns 692,886 shares of the cell phone carrier’s stock worth $6,167,000 after acquiring an additional 430,092 shares during the period. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Analyst Upgrades and Downgrades

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

Vodafone Group Public Price Performance

NASDAQ VOD opened at $9.95 on Wednesday. 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 has a 50-day moving average of $9.72 and a two-hundred day moving average of $9.20. Vodafone Group Public Limited has a 1-year low of $8.02 and a 1-year high of $10.39.

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.