J. Goldman & Co LP acquired a new stake in VEON Ltd. (NASDAQ:VEON - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 51,976 shares of the Wireless communications provider's stock, valued at approximately $2,084,000. J. Goldman & Co LP owned 0.07% of VEON as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers boosted its holdings in VEON by 300.0% in the 4th quarter. Rhumbline Advisers now owns 720 shares of the Wireless communications provider's stock valued at $29,000 after purchasing an additional 540 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of VEON in the 4th quarter valued at approximately $58,000. Mirae Asset Global Investments Co. Ltd. raised its position 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 valued at $58,000 after buying an additional 720 shares in the last quarter. R Squared Ltd acquired a new position in shares of VEON in the 4th quarter valued at approximately $101,000. Finally, JPMorgan Chase & Co. raised its position in shares of VEON by 41.5% in the 3rd 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. Institutional investors own 21.30% of the company's stock.
VEON Trading Up 12.2%
NASDAQ VEON traded up $5.97 on Thursday, hitting $54.92. The company's stock had a trading volume of 838,952 shares, compared to its average volume of 76,291. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 2.34. VEON Ltd. has a 1-year low of $25.20 and a 1-year high of $57.16. The company's 50-day moving average is $43.63 and its 200 day moving average is $40.94. The firm has a market cap of $4.06 billion, a PE ratio of 9.58 and a beta of 1.43.
VEON (NASDAQ:VEON - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The Wireless communications provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.53. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.
Analyst Ratings Changes
Separately, Benchmark boosted their target price on shares of VEON from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Tuesday, March 25th.
Check Out Our Latest Report on VEON
About VEON
(
Free Report)
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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