Waterfront Wealth Inc. Grows Stock Position in Vodafone Group Public Limited (NASDAQ:VOD)

Waterfront Wealth Inc. increased its stake in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 242,390 shares of the cell phone carrier's stock after buying an additional 33,556 shares during the period. 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 and hedge funds also recently added to or reduced their stakes in VOD. Mediolanum International Funds Ltd bought a new position in shares of Vodafone Group Public during the 3rd quarter worth $82,716,000. ABC Arbitrage SA bought a new position in Vodafone Group Public during the 4th quarter worth about $22,646,000. JPMorgan Chase & Co. increased its position in Vodafone Group Public by 177.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier's stock valued at $33,632,000 after purchasing an additional 2,145,085 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Vodafone Group Public by 1,119.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 942,179 shares of the cell phone carrier's stock worth $9,441,000 after purchasing an additional 864,924 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of Vodafone Group Public by 12.4% during 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 in the last quarter. Institutional investors own 7.84% of the company's stock.

Vodafone Group Public Stock Up 2.0 %

Shares of Vodafone Group Public stock traded up $0.17 on Tuesday, reaching $8.75. The stock had a trading volume of 10,096,437 shares, compared to its average volume of 9,001,885. Vodafone Group Public Limited has a 1 year low of $8.00 and a 1 year high of $10.39. The company has a 50 day moving average price of $8.42 and a 200 day moving average price of $9.11. 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 stock has a market capitalization of $22.22 billion, a P/E ratio of 7.68, a P/E/G ratio of 0.66 and a beta of 0.78.

Wall Street Analyst Weigh In

VOD has been the subject of a number of recent research reports. StockNews.com downgraded shares of Vodafone Group Public from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. The Goldman Sachs Group lowered Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company 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.