JPMorgan Chase & Co. Acquires 776 Shares of VEON Ltd. (NASDAQ:VEON)

JPMorgan Chase & Co. grew its position in VEON Ltd. (NASDAQ:VEON) by 41.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,648 shares of the Wireless communications provider’s stock after acquiring an additional 776 shares during the period. JPMorgan Chase & Co.’s holdings in VEON were worth $81,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of VEON in the 3rd quarter valued at approximately $2,069,000. Samson Rock Capital LLP bought a new stake in VEON during the 3rd quarter worth approximately $913,000. Citigroup Inc. lifted its position in shares of VEON by 13.4% in the 3rd quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider’s stock worth $7,567,000 after purchasing an additional 29,350 shares during the period. Finally, Helikon Investments Ltd lifted its position in shares of VEON by 1.8% in the 3rd quarter. Helikon Investments Ltd now owns 2,788,955 shares of the Wireless communications provider’s stock worth $84,840,000 after purchasing an additional 49,680 shares during the period. Institutional investors and hedge funds own 21.30% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark began coverage on shares of VEON in a research report on Tuesday, November 12th. They set a “buy” rating and a $48.00 target price on the stock.

VEON Stock Performance

NASDAQ VEON opened at $43.18 on Tuesday. VEON Ltd. has a 52-week low of $19.95 and a 52-week high of $48.39. The company has a 50-day simple moving average of $39.98 and a 200 day simple moving average of $33.09. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81.

VEON (NASDAQ:VEON) last released its quarterly earnings data on Friday, December 13th. The Wireless communications provider reported $3.00 EPS for the quarter. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.

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.