JPMorgan Chase & Co. Has $8.87 Million Position in VEON Ltd (VEON)
JPMorgan Chase & Co. lessened its position in shares of VEON Ltd (NASDAQ:VEON) by 11.6% during the third quarter, HoldingsChannel.com reports. The fund owned 3,059,292 shares of the Wireless communications provider’s stock after selling 401,992 shares during the period. JPMorgan Chase & Co.’s holdings in VEON were worth $8,872,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ bought a new stake in VEON during the 3rd quarter worth approximately $3,302,000. Exor Investments UK LLP increased its holdings in shares of VEON by 3.8% in the 3rd quarter. Exor Investments UK LLP now owns 37,657,792 shares of the Wireless communications provider’s stock worth $109,208,000 after buying an additional 1,390,000 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of VEON by 85.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 63,137 shares of the Wireless communications provider’s stock worth $150,000 after buying an additional 29,164 shares during the last quarter. Morgan Stanley increased its holdings in shares of VEON by 9.2% in the 2nd quarter. Morgan Stanley now owns 19,187,951 shares of the Wireless communications provider’s stock worth $45,667,000 after buying an additional 1,608,650 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its holdings in shares of VEON by 92.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,347,491 shares of the Wireless communications provider’s stock worth $5,583,000 after buying an additional 1,126,100 shares during the last quarter. 15.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:VEON opened at $2.51 on Thursday. The firm has a market capitalization of $4.41 billion, a PE ratio of 41.92 and a beta of 2.14. VEON Ltd has a one year low of $2.20 and a one year high of $4.11. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.95 and a current ratio of 0.98.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of VEON from a “sell” rating to a “hold” rating in a report on Friday, October 19th. Zacks Investment Research lowered shares of VEON from a “buy” rating to a “hold” rating in a report on Friday, September 21st. HSBC raised shares of VEON from a “hold” rating to a “buy” rating in a report on Monday, August 20th. ValuEngine raised shares of VEON from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Finally, Goldman Sachs Group lowered shares of VEON from a “buy” rating to a “neutral” rating in a report on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. VEON currently has an average rating of “Hold” and a consensus target price of $3.50.
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VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of traditional and broadband mobile and fixed line technologies. The company provides mobile telecommunications services under contract and prepaid plans for corporate and consumer segments; value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile Internet, downloadable content, mobile finance, machine-to-machine, and other services; national and international roaming services; and mobile bundles.
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