JPMorgan Chase & Co. Boosts Position in VEON Ltd. (NASDAQ:VEON)

JPMorgan Chase & Co. boosted its position in VEON Ltd. (NASDAQ:VEON) by 120.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,848 shares of the Wireless communications provider’s stock after purchasing an additional 3,200 shares during the period. JPMorgan Chase & Co.’s holdings in VEON were worth $235,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VEON. Rhumbline Advisers grew its position in VEON by 300.0% during the fourth quarter. Rhumbline Advisers now owns 720 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 540 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of VEON during the 4th quarter valued at $58,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of VEON by 100.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider’s stock worth $58,000 after purchasing an additional 720 shares in the last quarter. R Squared Ltd purchased a new stake in shares of VEON in the 4th quarter worth $101,000. Finally, GAMMA Investing LLC bought a new position in VEON in the 4th quarter worth $119,000. 21.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Benchmark upped their price target on 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

VEON stock opened at $45.71 on Friday. The firm’s fifty day moving average is $43.17 and its 200 day moving average is $40.07. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 2.34. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 7.98 and a beta of 1.43. VEON Ltd. has a 52-week low of $24.25 and a 52-week high of $48.70.

VEON (NASDAQ:VEON) last issued its quarterly earnings results on Thursday, March 20th. The Wireless communications provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.92 by $0.06. The company had revenue of $998.00 million for the quarter, compared to the consensus estimate of $1.01 billion. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.

VEON 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.