Augie Fabela II Purchases 5,000 Shares of VEON (NASDAQ:VEON) Stock

VEON Ltd. (NASDAQ:VEON) Director Augie Fabela II acquired 5,000 shares of the stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $56.02 per share, for a total transaction of $280,100.00. Following the completion of the transaction, the director owned 96,000 shares of the company’s stock, valued at $5,377,920. This trade represents a 5.49% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

VEON Stock Up 1.3%

Shares of VEON stock opened at $56.61 on Wednesday. VEON Ltd. has a one year low of $42.60 and a one year high of $64.00. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a fifty day moving average price of $52.37 and a 200 day moving average price of $52.46. The stock has a market cap of $4.19 billion, a P/E ratio of 66.60 and a beta of 1.65.

VEON (NASDAQ:VEON) last announced its quarterly earnings results on Friday, July 31st. The Wireless communications provider reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.23. VEON had a net margin of 1.24% and a return on equity of 14.93%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm posted $8.30 EPS. Analysts predict that VEON Ltd. will post 7.28 earnings per share for the current year.

Hedge Funds Weigh In On VEON

A number of institutional investors and hedge funds have recently bought and sold shares of VEON. Lingotto Investment Management LLP grew its holdings in shares of VEON by 0.3% during the fourth quarter. Lingotto Investment Management LLP now owns 6,060,852 shares of the Wireless communications provider’s stock worth $318,619,000 after purchasing an additional 16,758 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of VEON by 66.5% in the fourth quarter. Wellington Management Group LLP now owns 977,400 shares of the Wireless communications provider’s stock valued at $51,382,000 after buying an additional 390,294 shares in the last quarter. Solus Alternative Asset Management LP raised its holdings in shares of VEON by 3.6% in the fourth quarter. Solus Alternative Asset Management LP now owns 887,002 shares of the Wireless communications provider’s stock valued at $46,630,000 after buying an additional 30,900 shares during the last quarter. Panview Capital Ltd lifted its position in VEON by 24.7% during the 4th quarter. Panview Capital Ltd now owns 514,927 shares of the Wireless communications provider’s stock worth $27,070,000 after buying an additional 101,906 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in VEON by 31.5% during the 3rd quarter. Two Sigma Investments LP now owns 276,426 shares of the Wireless communications provider’s stock worth $15,046,000 after buying an additional 66,153 shares in the last quarter. Institutional investors and hedge funds own 21.30% of the company’s stock.

Trending Headlines about VEON

Here are the key news stories impacting VEON this week:

• Positive Sentiment: Director Augie Fabela II reported purchases totaling 20,000 VEON shares across August 6–7 at approximately $56 per share, worth about $1.12 million. The insider buying may signal confidence in the company’s outlook and provide a positive sentiment catalyst. VEON Director Acquires 5,000 Shares of Stock
• Positive Sentiment: Analysts’ average price target implies roughly 43.9% potential upside from recent levels. Zacks also cited improving earnings-estimate revisions, which could support further gains if expectations continue to rise. Wall Street Analysts Predict Upside in VEON
• Positive Sentiment: VEON passed Zacks’ “Fast-Paced Momentum at a Bargain” screen, suggesting its recent price momentum remains attractive relative to the valuation factors used in the screen. VEON Momentum and Valuation Analysis
• Neutral Sentiment: Reported short interest was zero shares, implying no measurable short-selling pressure; however, the reported percentage increase was unavailable, limiting the usefulness of the data.
• Neutral Sentiment: VEON’s latest quarterly results beat consensus on earnings and revenue, but its approximately 66 times price-to-earnings ratio and low 1.24% net margin leave the stock sensitive to any slowdown in growth or earnings revisions.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings lowered shares of VEON from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Rothschild & Co Redburn set a $74.00 price objective on VEON and gave the company a “buy” rating in a report on Thursday, April 16th. Northland Securities initiated coverage on VEON in a research note on Tuesday, June 9th. They issued an “outperform” rating and a $70.00 price objective on the stock. Benchmark reissued a “buy” rating on shares of VEON in a report on Monday, June 15th. Finally, Wall Street Zen upgraded VEON from a “hold” rating to a “buy” rating in a research report on Sunday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

About VEON

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.