Wellington Management Group LLP Decreases Stock Holdings in VEON Ltd. (NASDAQ:VEON)

Wellington Management Group LLP lowered its stake in VEON Ltd. (NASDAQ:VEON - Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 529,151 shares of the Wireless communications provider's stock after selling 28,068 shares during the quarter. Wellington Management Group LLP owned about 0.72% of VEON worth $21,219,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in VEON by 120.8% during the 4th quarter. JPMorgan Chase & Co. now owns 5,848 shares of the Wireless communications provider's stock worth $235,000 after acquiring an additional 3,200 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of VEON in the fourth quarter worth $58,000. Lingotto Investment Management LLP raised its position in shares of VEON by 2.9% during the 4th quarter. Lingotto Investment Management LLP now owns 5,740,438 shares of the Wireless communications provider's stock valued at $230,192,000 after purchasing an additional 159,714 shares during the period. Rhumbline Advisers lifted its stake in shares of VEON by 300.0% during the 4th quarter. Rhumbline Advisers now owns 720 shares of the Wireless communications provider's stock valued at $29,000 after buying an additional 540 shares in the last quarter. Finally, Samson Rock Capital LLP boosted its holdings in VEON by 20.0% in the 4th quarter. Samson Rock Capital LLP now owns 36,000 shares of the Wireless communications provider's stock worth $1,444,000 after buying an additional 6,000 shares during the period. 21.30% of the stock is owned by hedge funds and other institutional investors.

VEON Price Performance

VEON stock traded down $0.44 during midday trading on Friday, hitting $39.44. The company's stock had a trading volume of 59,206 shares, compared to its average volume of 61,593. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 2.34. VEON Ltd. has a 12 month low of $22.35 and a 12 month high of $48.39. The company has a 50 day moving average of $43.40 and a two-hundred day moving average of $38.69. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 6.88 and a beta of 1.39.

VEON (NASDAQ:VEON - Get Free Report) last issued its earnings results on Thursday, March 20th. The Wireless communications provider reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.06. The firm had revenue of $998.00 million during the quarter, compared to analyst estimates of $1.01 billion. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.

Analysts Set New Price Targets

Separately, Benchmark raised their price target on VEON from $56.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday, March 25th.

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.