Bailard Inc. Sells 131,121 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Bailard Inc. reduced its position in shares of Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 76.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,712 shares of the cell phone carrier's stock after selling 131,121 shares during the quarter. Bailard Inc.'s holdings in Vodafone Group Public were worth $337,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its stake in shares of Vodafone Group Public by 1.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,054,261 shares of the cell phone carrier's stock worth $42,911,000 after purchasing an additional 91,010 shares during the last quarter. Bank of Montreal Can raised its stake 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 worth $43,161,000 after purchasing an additional 472,537 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Vodafone Group Public by 177.1% in the third quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier's stock worth $33,632,000 after purchasing an additional 2,145,085 shares during the last quarter. Goldentree Asset Management LP raised its stake in shares of Vodafone Group Public by 1.9% in the third quarter. Goldentree Asset Management LP now owns 3,283,292 shares of the cell phone carrier's stock worth $32,898,000 after purchasing an additional 60,943 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new stake in shares of Vodafone Group Public in the fourth quarter worth approximately $22,646,000. 7.84% of the stock is owned by institutional investors and hedge funds.

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Vodafone Group Public Stock Performance

NASDAQ VOD traded up $0.41 on Friday, hitting $9.42. 13,784,614 shares of the stock traded hands, compared to its average volume of 6,347,232. Vodafone Group Public Limited has a 12 month low of $8.00 and a 12 month high of $10.39. The business's fifty day moving average is $8.51 and its two-hundred day moving average is $9.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37. The firm has a market capitalization of $23.92 billion, a price-to-earnings ratio of 8.26, a PEG ratio of 0.66 and a beta of 0.75.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VOD shares. StockNews.com raised Vodafone Group Public from a "hold" rating to a "buy" rating in a report on Wednesday. The Goldman Sachs Group lowered Vodafone Group Public from a "buy" rating to a "neutral" rating in a report on Monday, December 9th. Finally, DZ Bank raised Vodafone Group Public from a "hold" rating to a "buy" rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Vodafone Group Public presently has a consensus rating of "Moderate Buy".

Vodafone Group Public Company 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.