Pictet Asset Management Ltd. lifted its holdings in VEON Ltd (NASDAQ:VEON) by 116.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,297,403 shares of the Wireless communications provider’s stock after buying an additional 2,308,939 shares during the period. Pictet Asset Management Ltd. owned approximately 0.24% of VEON worth $10,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Corient Capital Partners LLC lifted its stake in shares of VEON by 34.6% in the third quarter. Corient Capital Partners LLC now owns 22,594 shares of the Wireless communications provider’s stock worth $54,000 after buying an additional 5,806 shares in the last quarter. River & Mercantile Asset Management LLP lifted its stake in shares of VEON by 25.8% in the third quarter. River & Mercantile Asset Management LLP now owns 771,881 shares of the Wireless communications provider’s stock worth $1,849,000 after buying an additional 158,284 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of VEON by 10.9% in the third quarter. SG Americas Securities LLC now owns 56,128 shares of the Wireless communications provider’s stock worth $135,000 after buying an additional 5,500 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of VEON by 8,472.1% in the third quarter. First Trust Advisors LP now owns 7,544,467 shares of the Wireless communications provider’s stock worth $18,107,000 after buying an additional 7,456,455 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in shares of VEON by 15.4% in the third quarter. Gabelli Funds LLC now owns 2,955,000 shares of the Wireless communications provider’s stock worth $7,092,000 after buying an additional 395,000 shares in the last quarter. 18.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of VEON stock opened at $2.66 on Tuesday. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.44 and a quick ratio of 0.41. The firm’s 50-day moving average is $2.44 and its two-hundred day moving average is $2.59. VEON Ltd has a 12 month low of $2.07 and a 12 month high of $3.28. The company has a market capitalization of $4.64 billion, a PE ratio of -11.57, a price-to-earnings-growth ratio of 0.34 and a beta of 1.91.

Several equities analysts have recently weighed in on VEON shares. BidaskClub raised shares of VEON from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Zacks Investment Research raised shares of VEON from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd. Sberbank CIB downgraded shares of VEON from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. Finally, ValuEngine downgraded shares of VEON from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. VEON currently has a consensus rating of “Hold” and a consensus price target of $3.19.

About VEON

VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of mobile and fixed-line technologies. The company provides value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance services, machine-to-machine, and other services; national and international roaming services; wireless Internet access and mobile financial services; and mobile bundles and call completion services.

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Institutional Ownership by Quarter for VEON (NASDAQ:VEON)

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