VEON Ltd. (NASDAQ:VEON) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in VEON Ltd. (NASDAQ:VEON) by 100.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,440 shares of the Wireless communications provider’s stock after acquiring an additional 720 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in VEON were worth $58,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of VEON by 41.5% in the third quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 776 shares during the period. R Squared Ltd purchased a new position in VEON in the fourth quarter valued at about $101,000. GAMMA Investing LLC acquired a new stake in shares of VEON during the 4th quarter valued at approximately $119,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of VEON during the 3rd quarter worth approximately $2,069,000. Finally, Citigroup Inc. grew its holdings in shares of VEON by 13.4% in 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 period. 21.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

VEON Price Performance

Shares of NASDAQ VEON opened at $45.25 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.81 and a quick ratio of 0.80. The company’s 50-day moving average price is $41.74 and its 200 day moving average price is $34.03. VEON Ltd. has a 52 week low of $21.96 and a 52 week high of $48.39.

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

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.