Jane Street Group LLC Takes Position in VEON Ltd. (NASDAQ:VEON)

Jane Street Group LLC acquired a new position in VEON Ltd. (NASDAQ:VEON - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,891 shares of the Wireless communications provider's stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of VEON. Rhumbline Advisers increased its stake in shares of VEON by 300.0% in the 4th quarter. Rhumbline Advisers now owns 720 shares of the Wireless communications provider's stock worth $29,000 after purchasing an additional 540 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of VEON in the 4th quarter worth $58,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of VEON by 100.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider's stock worth $58,000 after purchasing an additional 720 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of VEON by 120.8% in the 4th quarter. JPMorgan Chase & Co. now owns 5,848 shares of the Wireless communications provider's stock worth $235,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of VEON in the 4th quarter worth $264,000. 21.30% of the stock is currently owned by hedge funds and other institutional investors.

VEON Price Performance

VEON stock traded down $2.46 during trading on Friday, reaching $49.23. The company's stock had a trading volume of 118,427 shares, compared to its average volume of 88,326. VEON Ltd. has a 1 year low of $25.31 and a 1 year high of $58.30. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $3.64 billion, a P/E ratio of 7.76 and a beta of 1.51. The company's fifty day moving average is $46.84 and its 200-day moving average is $43.48.

VEON (NASDAQ:VEON - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The Wireless communications provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.53. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $996.00 million.

Wall Street Analysts Forecast Growth

Separately, Benchmark increased their price target on VEON from $56.00 to $60.00 and gave the stock a "buy" rating in a research note on Tuesday, March 25th.

VEON Company 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.