VR Advisory Services Ltd Buys Shares of 42,703 VEON Ltd. (NASDAQ:VEON)

VR Advisory Services Ltd purchased a new stake in VEON Ltd. (NASDAQ:VEON - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 42,703 shares of the Wireless communications provider's stock, valued at approximately $1,712,000. VEON accounts for approximately 0.4% of VR Advisory Services Ltd's portfolio, making the stock its 17th biggest position. VR Advisory Services Ltd owned approximately 0.06% of VEON at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position 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 buying an additional 776 shares in the last quarter. Helikon Investments Ltd increased its position in shares of VEON by 5.0% in the fourth quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider's stock valued at $117,377,000 after buying an additional 138,149 shares in the last quarter. R Squared Ltd purchased a new stake in shares of VEON in the fourth quarter valued at approximately $101,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of VEON by 100.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider's stock valued at $58,000 after buying an additional 720 shares in the last quarter. Finally, Samson Rock Capital LLP increased its position in shares of VEON by 20.0% in 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 buying an additional 6,000 shares in the last quarter. 21.30% of the stock is owned by institutional investors and hedge funds.

VEON Price Performance

Shares of VEON traded down $0.48 during trading hours on Friday, hitting $52.65. 180,624 shares of the stock were exchanged, compared to its average volume of 84,457. 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 $25.20 and a 12-month high of $58.30. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 8.30 and a beta of 1.43. The stock's 50-day moving average price is $45.45 and its two-hundred day moving average price is $42.14.

VEON (NASDAQ:VEON - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The Wireless communications provider reported $1.36 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $996.00 million.

Analysts Set New Price Targets

Separately, Benchmark boosted their price objective on VEON from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Tuesday, March 25th.

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.