VEON Ltd. $VEON is Lingotto Investment Management LLP’s 6th Largest Position

Lingotto Investment Management LLP raised its holdings in VEON Ltd. (NASDAQ:VEON) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,060,852 shares of the Wireless communications provider’s stock after buying an additional 16,758 shares during the quarter. VEON makes up approximately 5.6% of Lingotto Investment Management LLP’s holdings, making the stock its 6th largest holding. Lingotto Investment Management LLP owned 8.78% of VEON worth $318,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VEON. Osaic Holdings Inc. grew its holdings in VEON by 36.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock valued at $66,000 after buying an additional 388 shares during the period. Truist Financial Corp purchased a new stake in VEON in the 3rd quarter valued at about $208,000. Personal CFO Solutions LLC purchased a new stake in VEON in the 3rd quarter valued at about $208,000. CWM LLC purchased a new stake in VEON in the 4th quarter valued at about $219,000. Finally, Engineers Gate Manager LP purchased a new stake in VEON in the 2nd quarter valued at about $243,000. Hedge funds and other institutional investors own 21.30% of the company’s stock.

Analyst Ratings Changes

VEON has been the subject of a number of research reports. Zacks Research cut VEON from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Rothschild & Co Redburn set a $74.00 target price on VEON and gave the stock a “buy” rating in a report on Thursday, April 16th. Benchmark reiterated a “buy” rating on shares of VEON in a report on Friday, March 13th. Weiss Ratings cut VEON from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, Wall Street Zen cut VEON from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, VEON currently has an average rating of “Moderate Buy” and an average price target of $67.00.

VEON Stock Performance

Shares of VEON opened at $55.09 on Tuesday. The business’s 50 day moving average is $51.69 and its two-hundred day moving average is $52.29. VEON Ltd. has a 52-week low of $34.55 and a 52-week high of $64.00. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 7.38 and a beta of 1.61. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 2.15.

VEON (NASDAQ:VEON) last announced its earnings results on Thursday, April 30th. The Wireless communications provider reported $1.50 earnings per share (EPS) for the quarter. VEON had a return on equity of 44.43% and a net margin of 11.65%. Analysts forecast that VEON Ltd. will post 8.56 EPS for the current fiscal year.

VEON Company Profile

VEON Ltd (NASDAQ: VEON) is a global telecommunications and digital services provider headquartered in Amsterdam, the Netherlands. Originally founded as VimpelCom in Russia in 1992, the company rebranded to VEON in 2017 to reflect its transformation into a technology-driven operator. VEON operates as a holding company with direct investments in mobile and internet service providers across multiple emerging markets, delivering voice, data and digital services to individual and enterprise customers.

Through its operating subsidiaries, VEON offers a broad portfolio that includes 2G/3G/4G mobile access, fixed broadband, digital lifestyle applications and mobile financial services.