VEON Ltd. $VEON Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its stake in shares of VEON Ltd. (NASDAQ:VEON) by 82.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,518 shares of the Wireless communications provider’s stock after acquiring an additional 13,315 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in VEON were worth $1,541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lingotto Investment Management LLP lifted its position in VEON by 0.3% in the fourth quarter. Lingotto Investment Management LLP now owns 6,060,852 shares of the Wireless communications provider’s stock worth $318,619,000 after purchasing an additional 16,758 shares during the period. Wellington Management Group LLP increased its position in shares of VEON by 66.5% during the 4th quarter. Wellington Management Group LLP now owns 977,400 shares of the Wireless communications provider’s stock valued at $51,382,000 after purchasing an additional 390,294 shares during the period. Solus Alternative Asset Management LP increased its position in shares of VEON by 3.6% during the 4th quarter. Solus Alternative Asset Management LP now owns 887,002 shares of the Wireless communications provider’s stock valued at $46,630,000 after purchasing an additional 30,900 shares during the period. Panview Capital Ltd raised its stake in shares of VEON by 24.7% in the 4th quarter. Panview Capital Ltd now owns 514,927 shares of the Wireless communications provider’s stock worth $27,070,000 after buying an additional 101,906 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of VEON by 31.5% in the 3rd quarter. Two Sigma Investments LP now owns 276,426 shares of the Wireless communications provider’s stock worth $15,046,000 after buying an additional 66,153 shares in the last quarter. Institutional investors own 21.30% of the company’s stock.

Wall Street Analysts Forecast Growth

VEON has been the subject of several research analyst reports. Zacks Research upgraded VEON from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings cut shares of VEON from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Wall Street Zen raised shares of VEON from a “hold” rating to a “buy” rating in a report on Sunday. Rothschild & Co Redburn set a $74.00 price objective on shares of VEON and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Benchmark restated 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 and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, VEON has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

VEON Price Performance

Shares of NASDAQ:VEON opened at $56.93 on Thursday. The company has a market capitalization of $4.21 billion, a PE ratio of 66.98 and a beta of 1.65. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a fifty day moving average of $52.46 and a 200-day moving average of $52.47. VEON Ltd. has a one year low of $42.60 and a one year high of $64.00.

VEON (NASDAQ:VEON) last issued 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. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.23 billion. VEON had a return on equity of 14.93% and a net margin of 1.24%.During the same period in the previous year, the firm posted $8.30 EPS. As a group, equities analysts anticipate that VEON Ltd. will post 7.28 EPS for the current fiscal year.

Insider Buying and Selling at VEON

In related news, Director Augie K. Fabela II purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average price of $56.00 per share, with a total value of $840,000.00. Following the purchase, the director owned 91,000 shares of the company’s stock, valued at $5,096,000. This trade represents a 19.74% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

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.