Walleye Capital LLC Makes New $264,000 Investment in VEON Ltd. (NASDAQ:VEON)

Walleye Capital LLC bought a new position in shares of VEON Ltd. (NASDAQ:VEON - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,578 shares of the Wireless communications provider's stock, valued at approximately $264,000.

Other large investors have also recently bought and sold shares of the company. Lingotto Investment Management LLP lifted its position in VEON by 2.9% in the fourth 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 last quarter. Helikon Investments Ltd lifted its stake in 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 during the last quarter. Samson Rock Capital LLP boosted its holdings 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 acquiring an additional 6,000 shares during the period. JPMorgan Chase & Co. grew its position in shares of VEON by 120.8% during the fourth quarter. JPMorgan Chase & Co. now owns 5,848 shares of the Wireless communications provider's stock worth $235,000 after acquiring an additional 3,200 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of VEON during the fourth quarter worth about $119,000. Hedge funds and other institutional investors own 21.30% of the company's stock.

Wall Street Analysts Forecast Growth

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

VEON Price Performance

Shares of NASDAQ:VEON traded up $0.51 during midday trading on Thursday, hitting $45.87. 73,919 shares of the stock were exchanged, compared to its average volume of 66,289. 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 twelve month low of $24.00 and a twelve month high of $48.70. The stock has a market cap of $3.39 billion, a P/E ratio of 8.01 and a beta of 1.39. The company has a 50 day moving average price of $43.18 and a 200-day moving average price of $39.78.

VEON (NASDAQ:VEON - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The Wireless communications provider reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.06. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%. The firm had revenue of $998.00 million during the quarter, compared to analysts' expectations of $1.01 billion.

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.