68,008 Shares in VEON Ltd. (NASDAQ:VEON) Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of VEON Ltd. (NASDAQ:VEON) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 68,008 shares of the Wireless communications provider’s stock, valued at approximately $2,069,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.09% of VEON as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VEON. Lingotto Investment Management LLP lifted its stake in shares of VEON by 1.0% in the second quarter. Lingotto Investment Management LLP now owns 5,387,582 shares of the Wireless communications provider’s stock valued at $139,754,000 after buying an additional 53,807 shares in the last quarter. Helikon Investments Ltd lifted its stake in shares of VEON by 1.8% in the third quarter. Helikon Investments Ltd now owns 2,788,955 shares of the Wireless communications provider’s stock valued at $84,840,000 after buying an additional 49,680 shares in the last quarter. Citigroup Inc. lifted its stake in shares of VEON by 13.4% in the third quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider’s stock valued at $7,567,000 after buying an additional 29,350 shares in the last quarter. Finally, Samson Rock Capital LLP bought a new position in shares of VEON in the third quarter valued at $913,000. 21.30% of the stock is owned by institutional investors.

VEON Stock Down 1.7 %

VEON opened at $36.47 on Monday. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.76. The company’s 50-day moving average is $32.30 and its 200 day moving average is $29.07. VEON Ltd. has a fifty-two week low of $18.50 and a fifty-two week high of $38.00.

Analysts Set New Price Targets

Separately, Benchmark started coverage on shares of VEON in a research note on Tuesday, November 12th. They issued a “buy” rating and a $48.00 price objective on the stock.

About VEON

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.