Envestnet Asset Management Inc. Grows Stock Position in Vodafone Group Public Limited (NASDAQ:VOD)

Envestnet Asset Management Inc. boosted its stake in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 12.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,429,784 shares of the cell phone carrier’s stock after purchasing an additional 601,151 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.21% of Vodafone Group Public worth $46,099,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Stifel Financial Corp increased its stake in shares of Vodafone Group Public by 34.9% during the third quarter. Stifel Financial Corp now owns 778,068 shares of the cell phone carrier’s stock worth $7,796,000 after buying an additional 201,360 shares during the period. Lester Murray Antman dba SimplyRich acquired a new stake in shares of Vodafone Group Public in the 4th quarter valued at $295,000. Atria Investments Inc lifted its position in shares of Vodafone Group Public by 8.7% during the 4th quarter. Atria Investments Inc now owns 842,286 shares of the cell phone carrier’s stock worth $7,151,000 after purchasing an additional 67,086 shares during the last quarter. Allworth Financial LP increased its holdings in Vodafone Group Public by 9.0% in the fourth quarter. Allworth Financial LP now owns 27,103 shares of the cell phone carrier’s stock valued at $227,000 after buying an additional 2,246 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in Vodafone Group Public by 16.1% in the fourth quarter. Park Avenue Securities LLC now owns 31,173 shares of the cell phone carrier’s stock valued at $265,000 after buying an additional 4,332 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Public Price Performance

Shares of NASDAQ VOD opened at $8.45 on Friday. The stock has a market cap of $20.00 billion, a P/E ratio of 7.41, a P/E/G ratio of 0.66 and a beta of 0.58. Vodafone Group Public Limited has a twelve month low of $8.00 and a twelve month high of $10.39. The stock has a 50 day moving average of $8.90 and a two-hundred day moving average of $8.94. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, March 24th. StockNews.com cut shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, DZ Bank upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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.