VEON Ltd. (NASDAQ:VEON) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of VEON Ltd. (NASDAQ:VEON - Free Report) by 5,190.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,563 shares of the Wireless communications provider's stock after acquiring an additional 154,585 shares during the period. GAMMA Investing LLC owned approximately 0.21% of VEON worth $6,871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in VEON during the 4th quarter valued at approximately $58,000. BNP Paribas Financial Markets acquired a new stake in VEON during the 4th quarter valued at approximately $163,000. Cyrus Capital Partners L.P. acquired a new stake in VEON during the 4th quarter valued at approximately $2,994,000. Lingotto Investment Management LLP lifted its stake in 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 valued at $230,192,000 after acquiring an additional 159,714 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in VEON by 100.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider's stock valued at $58,000 after acquiring an additional 720 shares during the period. 21.30% of the stock is currently owned by institutional investors and hedge funds.

VEON Stock Performance

VEON opened at $49.23 on Monday. 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 firm has a fifty day moving average price of $46.84 and a 200 day moving average price of $43.48. 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 P/E ratio of 7.76 and a beta of 1.51.

VEON (NASDAQ:VEON - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $996.00 million. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.

Analysts Set New Price Targets

Separately, Benchmark lifted their price objective 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 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.

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