VEON Ltd. (NASDAQ:VEON) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in VEON Ltd. (NASDAQ:VEON - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 529,151 shares of the Wireless communications provider's stock after selling 28,068 shares during the quarter. Wellington Management Group LLP owned approximately 0.72% of VEON worth $21,219,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Lingotto Investment Management LLP raised its holdings in VEON by 2.9% in 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 buying an additional 159,714 shares during the period. Diameter Capital Partners LP acquired a new stake in VEON in the 4th quarter valued at about $25,161,000. Russell Investments Group Ltd. boosted its stake in shares of VEON by 2.2% in the 4th quarter. Russell Investments Group Ltd. now owns 117,808 shares of the Wireless communications provider's stock valued at $4,724,000 after buying an additional 2,512 shares during the period. Cyrus Capital Partners L.P. acquired a new position in shares of VEON during the fourth quarter worth about $2,994,000. Finally, J. Goldman & Co LP acquired a new position in shares of VEON during the fourth quarter worth about $2,084,000. 21.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

VEON Stock Down 1.2%

NASDAQ:VEON traded down $0.63 during midday trading on Wednesday, hitting $50.22. 59,963 shares of the company were exchanged, compared to its average volume of 87,287. The company has a fifty day simple moving average of $46.48 and a 200 day simple moving average of $43.09. The company has a market capitalization of $3.71 billion, a PE ratio of 7.92 and a beta of 1.43. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 2.34. VEON Ltd. has a fifty-two week low of $25.20 and a fifty-two week high of $58.30.

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

VEON 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.