Jones Financial Companies Lllp Increases Stake in Vodafone Group

Jones Financial Companies Lllp has raised its investment in Vodafone Group Public Limited (NASDAQ:VOD) by 22.0% as reported for the fourth quarter. As a result of this increase, the institutional investor now owns 32,222 shares of the telecommunications company after acquiring an additional 5,819 shares during the quarter. The total value of these holdings stands at approximately $274,000 according to the latest filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in Vodafone Group. Smartleaf Asset Management LLC increased its holdings in Vodafone by 63.7% in the same quarter, now holding 4,881 shares valued at $41,000 after purchasing 1,899 additional shares. Parkside Financial Bank & Trust significantly raised its stake by 912.9%, bringing its total to 7,212 shares worth $61,000 after acquiring 6,500 shares during the quarter. Additionally, Point72 Asia Singapore Pte. Ltd. grew its position by 627.3% in the third quarter and now owns 9,651 shares valued at $97,000 after adding 8,324 shares. In the fourth quarter, Kestra Investment Management LLC purchased a new stake worth $90,000, while Y Intercept Hong Kong Ltd acquired a position valued at $127,000 in the third quarter. Overall, institutional investors hold about 7.84% of Vodafone Group's stock.

Analyst Opinions

Vodafone Group’s stock has been under the radar of several analysts recently. StockNews.com elevated the rating of Vodafone from 'hold' to 'buy' on March 5th. Similarly, DZ Bank upgraded Vodafone's rating from 'hold' to 'buy' on March 7th. On the other hand, The Goldman Sachs Group downgraded the stock from 'buy' to 'neutral' back on December 9th. In total, two analysts rate the stock as a 'hold', three as a 'buy', and one assigns a 'strong buy', resulting in an overall consensus rating of 'Moderate Buy' based on data from MarketBeat.

Current Market Performance

As of Thursday, NASDAQ VOD was trading at $9.16. Vodafone currently has a market capitalization of $23.26 billion, with a price-to-earnings ratio of 8.04 and a price-to-earnings-growth ratio of 0.66. The company's stock has ranged from a 1-year low of $8.00 to a high of $10.39, with its 50-day and 200-day moving averages standing at $8.56 and $9.07, respectively. Financial indicators show a current ratio of 1.37, a quick ratio of 1.34, and a debt-to-equity ratio of 0.78.

About Vodafone Group

Vodafone Group Public Limited Company is a global telecommunications company providing services in Europe and beyond. Their offerings include mobile connectivity, fixed-line connectivity, and various business solutions, encompassing everything from mobile voice and data to professional consulting services.

Investment, Vodafone, Stock