2,667,386 Shares in Vodafone Group Public Limited (NASDAQ:VOD) Bought by ABC Arbitrage SA

ABC Arbitrage SA purchased a new position in Vodafone Group Public Limited (NASDAQ:VOD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,667,386 shares of the cell phone carrier’s stock, valued at approximately $22,646,000. Vodafone Group Public makes up approximately 3.2% of ABC Arbitrage SA’s portfolio, making the stock its 5th biggest holding.

Other hedge funds also recently modified their holdings of the company. Ingalls & Snyder LLC acquired a new position in Vodafone Group Public in the 4th quarter worth $121,000. Allspring Global Investments Holdings LLC boosted its position in shares of Vodafone Group Public by 20.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,767 shares of the cell phone carrier’s stock worth $134,000 after buying an additional 2,633 shares during the period. Lester Murray Antman dba SimplyRich bought a new position in shares of Vodafone Group Public during the fourth quarter worth about $295,000. Tevis Investment Management raised its position in Vodafone Group Public by 16.9% in the 4th quarter. Tevis Investment Management now owns 146,447 shares of the cell phone carrier’s stock valued at $1,279,000 after buying an additional 21,193 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in Vodafone Group Public in the 4th quarter valued at approximately $110,000. Institutional investors and hedge funds own 7.84% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Vodafone Group Public Stock Down 0.8 %

Shares of NASDAQ VOD opened at $8.36 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34. The stock has a 50 day moving average price of $8.48 and a 200 day moving average price of $9.15. Vodafone Group Public Limited has a 52 week low of $8.00 and a 52 week high of $10.39.

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.