VEON Ltd. (NASDAQ:VEON) is Lingotto Investment Management LLP’s 7th Largest Position

Lingotto Investment Management LLP lifted its position in shares of VEON Ltd. (NASDAQ:VEON) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,387,582 shares of the Wireless communications provider’s stock after buying an additional 53,807 shares during the quarter. VEON makes up 4.7% of Lingotto Investment Management LLP’s investment portfolio, making the stock its 7th largest position. Lingotto Investment Management LLP owned about 7.28% of VEON worth $139,754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VEON. Gamco Investors INC. ET AL purchased a new stake in shares of VEON during the first quarter worth about $376,000. Monaco Asset Management SAM grew its holdings in VEON by 8.5% in the first quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider’s stock valued at $620,000 after purchasing an additional 2,030 shares during the period. Gabelli Funds LLC grew its holdings in VEON by 10.1% in the fourth quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock valued at $2,148,000 after purchasing an additional 10,000 shares during the period. Wellington Management Group LLP lifted its position in VEON by 8.9% during the fourth quarter. Wellington Management Group LLP now owns 540,347 shares of the Wireless communications provider’s stock valued at $10,645,000 after buying an additional 44,013 shares in the last quarter. Finally, Helikon Investments Ltd lifted its position in VEON by 88.4% during the fourth quarter. Helikon Investments Ltd now owns 1,942,015 shares of the Wireless communications provider’s stock valued at $38,258,000 after buying an additional 910,948 shares in the last quarter. 21.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of VEON from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 5th.

VEON Price Performance

NASDAQ VEON opened at $29.36 on Wednesday. The company’s fifty day simple moving average is $27.25 and its 200-day simple moving average is $25.80. VEON Ltd. has a 52 week low of $14.50 and a 52 week high of $29.80. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.76.

VEON (NASDAQ:VEON) last posted its earnings results on Friday, August 30th. The Wireless communications provider reported $1.00 EPS for the quarter. The firm had revenue of $1.03 billion for the quarter.

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.