Proficio Capital Partners LLC Buys 1,898,663 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Proficio Capital Partners LLC increased its stake in shares of Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 749.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,151,935 shares of the cell phone carrier's stock after buying an additional 1,898,663 shares during the period. Proficio Capital Partners LLC owned 0.08% of Vodafone Group Public worth $18,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. lifted its position in Vodafone Group Public by 627.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,651 shares of the cell phone carrier's stock worth $97,000 after buying an additional 8,324 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Vodafone Group Public during the 4th quarter valued at about $90,000. Y Intercept Hong Kong Ltd acquired a new position in Vodafone Group Public during the 3rd quarter valued at about $127,000. Entropy Technologies LP acquired a new stake in shares of Vodafone Group Public in the 4th quarter valued at approximately $110,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Vodafone Group Public by 20.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,134 shares of the cell phone carrier's stock worth $132,000 after purchasing an additional 2,263 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company's stock.

Vodafone Group Public Stock Performance

Shares of VOD traded up $0.15 during midday trading on Wednesday, reaching $9.03. 11,769,972 shares of the stock were exchanged, compared to its average volume of 6,319,247. Vodafone Group Public Limited has a twelve month low of $8.00 and a twelve month high of $10.39. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. The company has a market cap of $22.93 billion, a P/E ratio of 7.92, a PEG ratio of 0.66 and a beta of 0.75. The stock's 50 day simple moving average is $8.48 and its 200 day simple moving average is $9.08.

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Analyst Upgrades and Downgrades

A number of analysts recently issued reports on VOD shares. StockNews.com raised Vodafone Group Public from a "hold" rating to a "buy" rating in a research note on Wednesday. The Goldman Sachs Group cut shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus 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.