Lingotto Investment Management LLP Has $230.19 Million Stake in VEON Ltd. (NASDAQ:VEON)

Lingotto Investment Management LLP raised its holdings in VEON Ltd. (NASDAQ:VEON - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,740,438 shares of the Wireless communications provider's stock after purchasing an additional 159,714 shares during the quarter. VEON accounts for approximately 6.2% of Lingotto Investment Management LLP's investment portfolio, making the stock its 5th biggest position. Lingotto Investment Management LLP owned about 7.76% of VEON worth $230,192,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Helikon Investments Ltd boosted its holdings in shares of VEON by 5.0% during the 4th quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider's stock valued at $117,377,000 after acquiring an additional 138,149 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of VEON by 13.4% during the 3rd quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider's stock valued at $7,567,000 after acquiring an additional 29,350 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of VEON during the 3rd quarter valued at $2,069,000. Samson Rock Capital LLP boosted its holdings in shares of VEON by 20.0% during the 4th quarter. Samson Rock Capital LLP now owns 36,000 shares of the Wireless communications provider's stock valued at $1,444,000 after acquiring an additional 6,000 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of VEON during the 4th quarter valued at $119,000. Institutional investors and hedge funds own 21.30% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Separately, Benchmark initiated coverage on VEON in a report on Tuesday, November 12th. They set a "buy" rating and a $48.00 price objective on the stock.

VEON Price Performance

Shares of NASDAQ VEON traded down $0.22 during mid-day trading on Friday, hitting $44.76. 124,217 shares of the stock traded hands, compared to its average volume of 131,706. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.81 and a quick ratio of 0.80. VEON Ltd. has a twelve month low of $22.17 and a twelve month high of $48.39. The company has a market cap of $3.31 billion, a PE ratio of 5.98 and a beta of 1.52. The firm has a 50 day simple moving average of $43.78 and a two-hundred day simple moving average of $35.41.

VEON (NASDAQ:VEON - Get Free Report) last announced its earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 earnings per share (EPS) for the quarter. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%.

VEON Profile

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.