JPMorgan Chase & Co. Raises Holdings in VEON Ltd. (NASDAQ:VEON)

JPMorgan Chase & Co. increased its position in VEON Ltd. (NASDAQ:VEON) by 41.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,648 shares of the Wireless communications provider’s stock after buying an additional 776 shares during the quarter. JPMorgan Chase & Co.’s holdings in VEON were worth $81,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of VEON during the third quarter valued at about $2,069,000. Helikon Investments Ltd raised its holdings in shares of VEON by 1.8% during 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 during the last quarter. Samson Rock Capital LLP bought a new stake in shares of VEON during the third quarter valued at approximately $913,000. Finally, Citigroup Inc. raised its holdings in shares of VEON by 13.4% during 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 during the last quarter. 21.30% of the stock is owned by hedge funds and other institutional investors.

VEON Stock Down 4.2 %

VEON stock opened at $43.18 on Tuesday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81. VEON Ltd. has a 12 month low of $19.95 and a 12 month high of $48.39. The company’s fifty day simple moving average is $39.98 and its 200-day simple moving average is $33.09.

VEON (NASDAQ:VEON) last released its earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 earnings per share for the quarter. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.

Analyst Ratings Changes

Separately, Benchmark initiated coverage on VEON in a report on Tuesday, November 12th. They set a “buy” rating and a $48.00 target price on the stock.

VEON Profile

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.