Waterfront Wealth Inc. Buys 33,556 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Waterfront Wealth Inc. lifted its holdings in Vodafone Group Public Limited (NASDAQ:VOD) by 16.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,390 shares of the cell phone carrier’s stock after purchasing an additional 33,556 shares during the quarter. Waterfront Wealth Inc.’s holdings in Vodafone Group Public were worth $2,058,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Mediolanum International Funds Ltd bought a new stake in Vodafone Group Public during the third quarter worth $82,716,000. ABC Arbitrage SA bought a new stake in Vodafone Group Public during the fourth quarter worth $22,646,000. JPMorgan Chase & Co. raised its position in Vodafone Group Public by 177.1% during the third quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock worth $33,632,000 after acquiring an additional 2,145,085 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Vodafone Group Public by 1,119.6% during the third quarter. Oppenheimer & Co. Inc. now owns 942,179 shares of the cell phone carrier’s stock worth $9,441,000 after acquiring an additional 864,924 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings 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 last quarter. Institutional investors own 7.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on VOD. StockNews.com downgraded shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Vodafone Group Public currently has an average rating of “Moderate Buy”.

Vodafone Group Public Stock Performance

VOD stock opened at $8.26 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34. Vodafone Group Public Limited has a 12 month low of $8.00 and a 12 month high of $10.39. The firm has a 50-day moving average price of $8.43 and a 200-day moving average price of $9.12.

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.