5,891 Shares in VEON Ltd. (NASDAQ:VEON) Acquired by Jane Street Group LLC

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lingotto Investment Management LLP raised its stake in shares of VEON by 2.9% during the 4th quarter. Lingotto Investment Management LLP now owns 5,740,438 shares of the Wireless communications provider's stock worth $230,192,000 after buying an additional 159,714 shares during the period. Cyrus Capital Partners L.P. purchased a new stake in VEON in the 4th quarter worth $2,994,000. Walleye Capital LLC acquired a new position in VEON during the fourth quarter worth $264,000. Samson Rock Capital LLP lifted its holdings in VEON by 20.0% during the fourth quarter. Samson Rock Capital LLP now owns 36,000 shares of the Wireless communications provider's stock valued at $1,444,000 after purchasing an additional 6,000 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of VEON by 120.8% in the fourth quarter. JPMorgan Chase & Co. now owns 5,848 shares of the Wireless communications provider's stock valued at $235,000 after purchasing an additional 3,200 shares during the period. Hedge funds and other institutional investors own 21.30% of the company's stock.

Wall Street Analysts Forecast Growth

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

VEON Price Performance

Shares of NASDAQ:VEON traded down $2.46 during trading on Friday, reaching $49.23. The stock had a trading volume of 118,427 shares, compared to its average volume of 87,881. VEON Ltd. has a 1-year low of $25.31 and a 1-year high of $58.30. The stock has a market cap of $3.64 billion, a PE ratio of 7.76 and a beta of 1.43. The business has a fifty day moving average price of $46.74 and a 200-day moving average price of $43.27. 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 (NASDAQ:VEON - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The Wireless communications provider reported $1.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.53. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $996.00 million.

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.