Helikon Investments Ltd Has $18.11 Million Holdings in VEON Ltd. $VEON

Helikon Investments Ltd lessened its stake in shares of VEON Ltd. (NASDAQ:VEON) by 32.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 344,522 shares of the Wireless communications provider’s stock after selling 168,416 shares during the period. VEON makes up about 1.0% of Helikon Investments Ltd’s holdings, making the stock its 13th largest holding. Helikon Investments Ltd’s holdings in VEON were worth $18,112,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Diversify Wealth Management LLC raised its stake in shares of VEON by 7.7% in the 4th quarter. Diversify Wealth Management LLC now owns 21,329 shares of the Wireless communications provider’s stock valued at $1,139,000 after acquiring an additional 1,516 shares in the last quarter. Truist Financial Corp boosted its position in VEON by 5.1% during the fourth 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 period. Pictet Asset Management Holding SA grew its holdings in VEON by 77.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 225,643 shares of the Wireless communications provider’s stock valued at $11,862,000 after purchasing an additional 98,618 shares during the last quarter. JGP Global Gestao de Recursos Ltda. acquired a new position in VEON during the fourth quarter valued at approximately $255,000. Finally, CWM LLC bought a new position 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.

VEON Stock Up 0.7%

NASDAQ VEON opened at $54.29 on Friday. VEON Ltd. has a twelve month low of $34.55 and a twelve month high of $64.00. The stock has a market cap of $4.02 billion, a PE ratio of 7.28 and a beta of 1.61. The firm has a 50-day simple moving average of $50.59 and a 200 day simple moving average of $51.60. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.90 and a current ratio of 0.91.

VEON (NASDAQ:VEON) last posted its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $1.50 EPS for the quarter. VEON had a return on equity of 46.32% and a net margin of 11.65%. On average, research analysts forecast that VEON Ltd. will post 8.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VEON shares. Zacks Research upgraded shares of VEON from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 19th. Rothschild & Co Redburn set a $74.00 target price on shares of VEON and gave the stock a “buy” rating in a report on Thursday, April 16th. Wall Street Zen raised shares of VEON from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Benchmark restated a “buy” rating on shares of VEON in a report on Friday, March 13th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, VEON currently has an average rating of “Buy” and a consensus price target of $67.00.

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.