Oppenheimer Asset Management Inc. Sells 21,391 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Oppenheimer Asset Management Inc. lessened its stake in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 0.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,963,251 shares of the cell phone carrier’s stock after selling 21,391 shares during the period. Vodafone Group Public makes up approximately 0.6% of Oppenheimer Asset Management Inc.’s portfolio, making the stock its 29th biggest position. Oppenheimer Asset Management Inc.’s holdings in Vodafone Group Public were worth $49,732,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Vodafone Group Public in the 1st quarter worth about $46,000. Private Advisor Group LLC increased its stake in shares of Vodafone Group Public by 24.0% in the first quarter. Private Advisor Group LLC now owns 48,764 shares of the cell phone carrier’s stock valued at $434,000 after buying an additional 9,440 shares during the period. Empowered Funds LLC bought a new position in Vodafone Group Public in the 1st quarter valued at approximately $1,630,000. Oppenheimer & Co. Inc. boosted its position in Vodafone Group Public by 14.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 51,513 shares of the cell phone carrier’s stock worth $458,000 after buying an additional 6,408 shares during the period. Finally, Atomi Financial Group Inc. increased its position in Vodafone Group Public by 21.8% in the 1st quarter. Atomi Financial Group Inc. now owns 16,462 shares of the cell phone carrier’s stock valued at $147,000 after acquiring an additional 2,948 shares during the period. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Public Trading Up 1.9 %

Vodafone Group Public stock traded up $0.16 during mid-day trading on Wednesday, hitting $8.63. 2,140,077 shares of the stock were exchanged, compared to its average volume of 6,109,988. The firm’s fifty day simple moving average is $9.73 and its two-hundred day simple moving average is $9.39. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.79. Vodafone Group Public Limited has a 12 month low of $8.02 and a 12 month high of $10.39.

Analyst Ratings Changes

A number of brokerages have recently commented on VOD. UBS Group lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. StockNews.com raised Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently 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.