Intel Corp Has Lowered Its Vonage Hldgs Corp (VG) Position by $8.33 Million as Market Valuation Rose

June 26, 2018 - By Marie Mckinney

Vonage Holdings Corp. (NYSE:VG) LogoInvestors sentiment decreased to 1.3 in 2018 Q1. Its down 0.10, from 1.4 in 2017Q4. It is negative, as 23 investors sold VG shares while 74 reduced holdings. 52 funds opened positions while 74 raised stakes. 187.98 million shares or 0.94% more from 186.23 million shares in 2017Q4 were reported. First Personal Fin reported 855 shares. Shell Asset accumulated 1.51M shares. Millennium Limited Liability Corporation holds 1.71 million shares or 0.02% of its portfolio. Quantbot Technology Ltd Partnership has 17,197 shares for 0.02% of their portfolio. Parkside Bank And Tru has invested 0% of its portfolio in Vonage Holdings Corp. (NYSE:VG). New York State Teachers Retirement Sys accumulated 152,973 shares or 0% of the stock. Citadel Advisors Limited Liability has invested 0% in Vonage Holdings Corp. (NYSE:VG). Gotham Asset Ltd Limited Liability Company has invested 0.1% in Vonage Holdings Corp. (NYSE:VG). Secor Cap Advisors Limited Partnership accumulated 43,906 shares. Hillsdale Investment Mgmt holds 0.18% of its portfolio in Vonage Holdings Corp. (NYSE:VG) for 122,000 shares. The Connecticut-based Paloma Ptnrs has invested 0.01% in Vonage Holdings Corp. (NYSE:VG). Raymond James Finance Svcs Advsrs Inc holds 0.01% or 161,810 shares in its portfolio. Grantham Mayo Van Otterloo And Commerce Limited Company invested in 0% or 18,800 shares. Hsbc Hldg Pcl holds 0% of its portfolio in Vonage Holdings Corp. (NYSE:VG) for 14,582 shares. Principal Financial Incorporated reported 0.02% of its portfolio in Vonage Holdings Corp. (NYSE:VG).

Since January 10, 2018, it had 0 insider buys, and 15 sales for $36.18 million activity. Citron Jeffrey A sold $5.41 million worth of stock. On Wednesday, March 14 the insider WYATT KENNETH sold $411,996. KAHN VALERIE also sold $106,214 worth of Vonage Holdings Corp. (NYSE:VG) shares. 2,400 Vonage Holdings Corp. (NYSE:VG) shares with value of $27,346 were sold by PATEL JAYESH. LALA VINOD had sold 29,388 shares worth $311,529 on Monday, March 19. GILVAR EDWARD M. sold 11,322 shares worth $121,406.

Intel Corp decreased its stake in Vonage Hldgs Corp (VG) by 92.07% based on its latest 2018Q1 regulatory filing with the SEC. Intel Corp sold 832,788 shares as the company’s stock rose 10.96% while stock markets declined. The institutional investor held 71,747 shares of the telecommunications equipment company at the end of 2018Q1, valued at $764,000, down from 904,535 at the end of the previous reported quarter. Intel Corp who had been investing in Vonage Hldgs Corp for a number of months, seems to be less bullish one the $2.90B market cap company. The stock decreased 0.97% or $0.12 during the last trading session, reaching $12.19. About 1.36 million shares traded. Vonage Holdings Corp. (NYSE:VG) has risen 58.76% since June 26, 2017 and is uptrending. It has outperformed by 46.19% the S&P500.

Analysts await Vonage Holdings Corp. (NYSE:VG) to report earnings on August, 2. They expect $0.07 EPS, up 16.67 % or $0.01 from last year’s $0.06 per share. VG’s profit will be $16.62 million for 43.54 P/E if the $0.07 EPS becomes a reality. After $0.12 actual EPS reported by Vonage Holdings Corp. for the previous quarter, Wall Street now forecasts -41.67 % negative EPS growth.

Vonage Holdings Corp. (NYSE:VG) Ratings Coverage

Among 3 analysts covering Vonage Holdings (NYSE:VG), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Vonage Holdings has $12 highest and $11.0 lowest target. $11.75’s average target is -3.61% below currents $12.19 stock price. Vonage Holdings had 4 analyst reports since January 3, 2018 according to SRatingsIntel. The rating was maintained by William Blair on Thursday, February 22 with “Buy”. The stock of Vonage Holdings Corp. (NYSE:VG) earned “Buy” rating by Northland Capital on Thursday, February 22. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, January 3 report. Robert W. Baird maintained the shares of VG in report on Thursday, February 22 with “Outperform” rating.

Vonage Holdings Corp. (NYSE:VG) Institutional Positions Chart

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