VEON Ltd. (NASDAQ:VEON – Get Free Report) Director Augie Fabela II acquired 15,000 shares of VEON stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average price of $56.00 per share, for a total transaction of $840,000.00. Following the completion of the acquisition, the director owned 91,000 shares in the company, valued at $5,096,000. This trade represents a 19.74% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
VEON Trading Up 0.6%
NASDAQ VEON opened at $56.93 on Thursday. 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 market capitalization of $4.21 billion, a P/E ratio of 66.98 and a beta of 1.65. The firm’s 50-day moving average is $52.46 and its two-hundred day moving average is $52.47. VEON Ltd. has a 12 month low of $42.60 and a 12 month high of $64.00.
VEON (NASDAQ:VEON – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The Wireless communications provider reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.23. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. VEON had a net margin of 1.24% and a return on equity of 14.93%. During the same period last year, the business earned $8.30 earnings per share. On average, sell-side analysts anticipate that VEON Ltd. will post 7.28 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Institutional Investors Weigh In On VEON
Several large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its stake in shares of VEON by 36.8% during the second quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock worth $66,000 after buying an additional 388 shares during the period. Royal Bank of Canada increased its position in shares of VEON by 184.3% in the 4th quarter. Royal Bank of Canada now owns 2,431 shares of the Wireless communications provider’s stock valued at $128,000 after purchasing an additional 1,576 shares during the last quarter. Truist Financial Corp raised its holdings in shares of VEON by 5.1% in the 4th quarter. Truist Financial Corp now owns 4,014 shares of the Wireless communications provider’s stock valued at $211,000 after purchasing an additional 195 shares in the last quarter. Personal CFO Solutions LLC lifted its position in shares of VEON by 7.0% during the 4th quarter. Personal CFO Solutions LLC now owns 4,097 shares of the Wireless communications provider’s stock worth $215,000 after purchasing an additional 268 shares during the last quarter. Finally, CWM LLC acquired a new position in shares of VEON during the fourth quarter worth $219,000. Hedge funds and other institutional investors own 21.30% of the company’s stock.
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.
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