Lingotto Investment Management LLP Acquires 16,758 Shares of VEON Ltd. $VEON

Lingotto Investment Management LLP lifted its position in shares of VEON Ltd. (NASDAQ:VEON) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,060,852 shares of the Wireless communications provider’s stock after acquiring an additional 16,758 shares during the quarter. VEON makes up about 5.6% of Lingotto Investment Management LLP’s investment portfolio, making the stock its 6th biggest position. Lingotto Investment Management LLP owned about 0.09% of VEON worth $318,619,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Osaic Holdings Inc. raised its position in shares of VEON by 36.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock valued at $66,000 after acquiring an additional 388 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of VEON during the 3rd quarter valued at approximately $208,000. Personal CFO Solutions LLC acquired a new stake in shares of VEON during the 3rd quarter valued at approximately $208,000. CWM LLC acquired a new stake in shares of VEON during the 4th quarter valued at approximately $219,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of VEON during the 3rd quarter valued at approximately $252,000. 21.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VEON has been the topic of several research reports. Weiss Ratings lowered VEON from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Zacks Research lowered VEON from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Rothschild & Co Redburn set a $74.00 price target on VEON and gave the company a “buy” rating in a research report on Thursday, April 16th. Benchmark reissued a “buy” rating on shares of VEON in a research report on Friday, March 13th. Finally, Wall Street Zen lowered VEON from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, VEON currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

VEON Trading Down 1.9%

NASDAQ:VEON opened at $55.09 on Tuesday. VEON Ltd. has a 1 year low of $34.55 and a 1 year high of $64.00. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 7.38 and a beta of 1.61. The business has a fifty day moving average of $51.69 and a 200-day moving average of $52.29. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.85 and a current ratio of 0.86.

VEON (NASDAQ:VEON) last released its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $1.50 earnings per share (EPS) for the quarter. VEON had a return on equity of 44.43% and a net margin of 11.65%. Equities analysts predict that VEON Ltd. will post 8.56 earnings per share for the current year.

VEON Company Profile

VEON Ltd (NASDAQ: VEON) is a global telecommunications and digital services provider headquartered in Amsterdam, the Netherlands. Originally founded as VimpelCom in Russia in 1992, the company rebranded to VEON in 2017 to reflect its transformation into a technology-driven operator. VEON operates as a holding company with direct investments in mobile and internet service providers across multiple emerging markets, delivering voice, data and digital services to individual and enterprise customers.

Through its operating subsidiaries, VEON offers a broad portfolio that includes 2G/3G/4G mobile access, fixed broadband, digital lifestyle applications and mobile financial services.