Healthcare of Ontario Pension Plan Trust Fund lowered its position in shares of VEON Ltd. (NASDAQ:VEON – Free Report) by 99.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 573 shares of the Wireless communications provider’s stock after selling 54,427 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in VEON were worth $27,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Osaic Holdings Inc. increased its holdings in shares of VEON by 36.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock worth $66,000 after acquiring an additional 388 shares during the period. Royal Bank of Canada boosted its stake in VEON by 184.3% during 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 period. Truist Financial Corp grew its position in VEON by 5.1% in the 4th quarter. Truist Financial Corp now owns 4,014 shares of the Wireless communications provider’s stock worth $211,000 after purchasing an additional 195 shares during the last quarter. Personal CFO Solutions LLC grew its position in VEON by 7.0% in 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 stake in shares of VEON in the fourth quarter valued at approximately $219,000. Institutional investors and hedge funds own 21.30% of the company’s stock.
Analysts Set New Price Targets
VEON has been the subject of several analyst reports. Weiss Ratings downgraded VEON from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Wall Street Zen lowered VEON from a “buy” rating to a “hold” rating in a research report on Saturday. Northland Securities initiated coverage on VEON in a report on Tuesday, June 9th. They set an “outperform” rating and a $70.00 price target on the stock. Rothschild & Co Redburn set a $74.00 price objective on shares of VEON and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, Benchmark reiterated a “buy” rating on shares of VEON in a research report on Monday, June 15th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $72.00.
VEON Stock Up 1.6%
VEON opened at $53.12 on Tuesday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market capitalization of $3.93 billion, a PE ratio of 62.49 and a beta of 1.65. The stock’s fifty day moving average is $52.43 and its 200-day moving average is $52.40. VEON Ltd. has a one year low of $42.60 and a one year high of $64.00.
VEON (NASDAQ:VEON – Get Free Report) last released its earnings results on Friday, July 31st. The Wireless communications provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.23. VEON had a return on equity of 15.37% and a net margin of 1.24%.The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company earned $8.30 earnings per share. On average, equities analysts predict that VEON Ltd. will post 6.99 EPS for the current fiscal year.
VEON 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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