KBC Group NV lowered its stake in shares of VEON Ltd (NASDAQ:VEON) by 27.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 656,811 shares of the Wireless communications provider’s stock after selling 243,630 shares during the period. KBC Group NV’s holdings in VEON were worth $2,522,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of VEON. Investec Asset Management LTD bought a new position in VEON during the 3rd quarter valued at about $25,977,000. DnB Asset Management AS bought a new position in VEON during the 4th quarter valued at about $7,493,000. Investec Asset Management North America Inc. bought a new position in VEON during the 3rd quarter valued at about $6,799,000. Gabelli Funds LLC lifted its stake in VEON by 9.2% during the 4th quarter. Gabelli Funds LLC now owns 2,314,000 shares of the Wireless communications provider’s stock valued at $8,886,000 after acquiring an additional 194,000 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in VEON by 6.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 834,435 shares of the Wireless communications provider’s stock valued at $3,205,000 after acquiring an additional 50,504 shares during the period. Institutional investors and hedge funds own 14.97% of the company’s stock.
VEON Ltd (NASDAQ VEON) opened at $3.60 on Wednesday. VEON Ltd has a one year low of $3.34 and a one year high of $4.50. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 2.29. The firm has a market cap of $6,490.00, a P/E ratio of -12.41 and a beta of 2.02.
Several equities analysts have issued reports on the stock. BidaskClub cut shares of VEON from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of VEON from a “sell” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Thursday, January 25th. Gabelli restated a “buy” rating on shares of VEON in a research note on Friday, February 16th. Finally, Goldman Sachs Group cut shares of VEON from a “buy” rating to a “neutral” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $5.23.
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VEON Company Profile
VEON Ltd., formerly VimpelCom Ltd., is a provider of communications services. The Company operates as personal internet platform. It integrates powerful data analytics and artificial intelligence, with a fresh take on messaging capabilities. It enables its users and communities to connect by voice, text, picture and video through a designed interface.
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