24,597 Shares in VEON Ltd. $VEON Purchased by Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in shares of VEON Ltd. (NASDAQ:VEON) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 24,597 shares of the Wireless communications provider’s stock, valued at approximately $1,293,000. VEON comprises approximately 2.0% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s investment portfolio, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Truist Financial Corp increased its position in shares of VEON by 5.1% during 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 valued at $215,000 after acquiring an additional 268 shares in the last quarter. Tidal Investments LLC grew its position in VEON by 4.8% in the 2nd quarter. Tidal Investments LLC now owns 7,288 shares of the Wireless communications provider’s stock valued at $336,000 after acquiring an additional 336 shares in the last quarter. Severin Investments LLC grew its position in VEON by 4.2% in the 4th quarter. Severin Investments LLC now owns 8,857 shares of the Wireless communications provider’s stock valued at $466,000 after acquiring an additional 353 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in VEON by 36.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock valued at $66,000 after acquiring an additional 388 shares in the last quarter. 21.30% of the stock is owned by institutional investors and hedge funds.

VEON Stock Performance

Shares of VEON stock opened at $56.56 on Friday. VEON Ltd. has a one year low of $34.55 and a one year high of $64.00. The company has a market cap of $4.18 billion, a PE ratio of 7.58 and a beta of 1.61. 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 business has a 50-day simple moving average of $51.47 and a 200-day simple moving average of $52.20.

VEON (NASDAQ:VEON) last announced its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $1.50 EPS for the quarter. VEON had a return on equity of 44.43% and a net margin of 11.65%. On average, equities research analysts forecast that VEON Ltd. will post 8.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VEON shares. Rothschild & Co Redburn set a $74.00 target price on VEON and gave the company a “buy” rating in a research report on Thursday, April 16th. Benchmark reaffirmed a “buy” rating on shares of VEON in a research report on Friday, March 13th. Weiss Ratings downgraded VEON from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Zacks Research downgraded VEON from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Wall Street Zen downgraded VEON from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

About VEON

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.