51,976 Shares in VEON Ltd. (NASDAQ:VEON) Purchased by J. Goldman & Co LP

J. Goldman & Co LP purchased a new position in shares of VEON Ltd. (NASDAQ:VEON - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 51,976 shares of the Wireless communications provider's stock, valued at approximately $2,084,000. J. Goldman & Co LP owned approximately 0.07% of VEON at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in VEON by 300.0% during the fourth quarter. Rhumbline Advisers now owns 720 shares of the Wireless communications provider's stock worth $29,000 after buying an additional 540 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in VEON by 100.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider's stock worth $58,000 after buying an additional 720 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in VEON by 41.5% during the third quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider's stock worth $81,000 after buying an additional 776 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of VEON by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 43,322 shares of the Wireless communications provider's stock valued at $1,737,000 after purchasing an additional 1,254 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of VEON in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 21.30% of the company's stock.

Analyst Upgrades and Downgrades

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 note on Tuesday, March 25th.

VEON Price Performance

Shares of NASDAQ:VEON traded down $0.22 on Friday, hitting $54.70. The stock had a trading volume of 359,082 shares, compared to its average volume of 78,105. VEON Ltd. has a twelve month low of $25.20 and a twelve month high of $57.40. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81. The firm's 50 day moving average price is $44.24 and its 200-day moving average price is $41.34. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 8.63 and a beta of 1.43.

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

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.