Inlight Wealth Management LLC Buys Shares of 547,066 Vodafone Group Public Limited (NASDAQ:VOD)

Inlight Wealth Management LLC purchased a new stake in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 547,066 shares of the cell phone carrier's stock, valued at approximately $4,645,000. Vodafone Group Public comprises approximately 1.5% of Inlight Wealth Management LLC's holdings, making the stock its 16th largest position.

Several other institutional investors have also added to or reduced their stakes in the stock. ACR Alpine Capital Research LLC boosted its holdings in shares of Vodafone Group Public by 0.4% during the 4th quarter. ACR Alpine Capital Research LLC now owns 22,006,311 shares of the cell phone carrier's stock worth $186,834,000 after buying an additional 97,636 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in Vodafone Group Public by 18.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier's stock valued at $123,940,000 after buying an additional 2,238,935 shares in the last quarter. Renaissance Technologies LLC grew its stake in Vodafone Group Public by 2.9% in the fourth quarter. Renaissance Technologies LLC now owns 9,027,376 shares of the cell phone carrier's stock valued at $76,642,000 after acquiring an additional 255,623 shares during the period. Bank of Montreal Can increased its stake in Vodafone Group Public by 28.2% during the 4th quarter. Bank of Montreal Can now owns 5,483,837 shares of the cell phone carrier's stock valued at $46,558,000 after purchasing an additional 1,206,256 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Vodafone Group Public by 12.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,429,784 shares of the cell phone carrier's stock worth $46,099,000 after acquiring an additional 601,151 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Public Stock Performance

Shares of VOD traded up $0.10 during mid-day trading on Wednesday, hitting $9.21. The stock had a trading volume of 8,456,582 shares, compared to its average volume of 7,023,833. The business has a fifty day moving average price of $8.94 and a 200-day moving average price of $8.92. Vodafone Group Public Limited has a 52 week low of $8.00 and a 52 week high of $10.39. The firm has a market cap of $21.80 billion, a P/E ratio of 8.08, a PEG ratio of 0.66 and a beta of 0.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VOD. Bank of America lowered Vodafone Group Public from a "buy" rating to a "neutral" rating in a report on Monday, March 24th. StockNews.com lowered Vodafone Group Public from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, DZ Bank upgraded Vodafone Group Public from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

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.