Geode Capital Management LLC Sells 1,496 Shares of VEON Ltd. (NASDAQ:VEON)

Geode Capital Management LLC lessened its holdings in VEON Ltd. (NASDAQ:VEON) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,068 shares of the Wireless communications provider’s stock after selling 1,496 shares during the quarter. Geode Capital Management LLC owned 0.06% of VEON worth $1,280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in VEON. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of VEON in the 3rd quarter valued at about $2,069,000. Citigroup Inc. grew its position in VEON by 13.4% during the 3rd quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider’s stock worth $7,567,000 after acquiring an additional 29,350 shares during the last quarter. Helikon Investments Ltd increased its stake in VEON by 1.8% in the 3rd quarter. Helikon Investments Ltd now owns 2,788,955 shares of the Wireless communications provider’s stock worth $84,840,000 after purchasing an additional 49,680 shares during the period. Samson Rock Capital LLP bought a new stake in VEON in the third quarter valued at approximately $913,000. Finally, Lingotto Investment Management LLP boosted its stake in shares of VEON by 1.0% during 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 purchasing an additional 53,807 shares during the period. 21.30% of the stock is owned by institutional investors.

VEON Trading Down 1.3 %

VEON opened at $44.60 on Friday. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 7.02 and a beta of 1.51. VEON Ltd. has a one year low of $18.50 and a one year high of $46.49. The business has a 50 day simple moving average of $35.91 and a two-hundred day simple moving average of $30.87. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.76.

VEON (NASDAQ:VEON) last announced its quarterly earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 EPS for the quarter. VEON had a positive return on equity of 28.73% and a negative net margin of 77.48%.

Analyst Ratings Changes

Separately, Benchmark started coverage on shares of VEON in a report on Tuesday, November 12th. They set a “buy” rating and a $48.00 price target for the company.

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.