413,021 Shares in VEON Ltd. $VEON Purchased by Panview Capital Ltd

Panview Capital Ltd bought a new position in VEON Ltd. (NASDAQ:VEONFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 413,021 shares of the Wireless communications provider’s stock, valued at approximately $22,481,000. VEON accounts for approximately 9.6% of Panview Capital Ltd’s investment portfolio, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Osaic Holdings Inc. lifted its holdings in shares of VEON by 36.8% in the second quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock worth $66,000 after buying an additional 388 shares in the last quarter. Samson Rock Capital LLP bought a new stake in VEON during the 2nd quarter worth approximately $138,000. Truist Financial Corp purchased a new stake in VEON in the 3rd quarter worth approximately $208,000. Personal CFO Solutions LLC bought a new position in VEON in the 3rd quarter valued at $208,000. Finally, Burns Matteson Capital Management LLC purchased a new position in shares of VEON during the 3rd quarter valued at $211,000. 21.30% of the stock is currently owned by institutional investors.

Key Headlines Impacting VEON

Here are the key news stories impacting VEON this week:

  • Positive Sentiment: Jazz International Holding (VEON subsidiary) has agreed to buy a controlling stake in TPL Insurance for ~PKR 4.15bn (~USD 14.6m). TPL is an AA‑rated, digital-first InsurTech (PKR 5.7bn gross written premium, ~277k policies) — the deal accelerates cross-sell into JazzCash and Mobilink Bank and expands VEON’s addressable digital‑financial market in Pakistan. VEON and JazzWorld Advance Pakistan’s Digital Financial Future with Acquisition of TPL Insurance
  • Neutral Sentiment: VEON is also active on partnerships and innovation (MoUs with Rakuten Symphony/Beeline Uzbekistan and a GSMA co-funding pact for Pakistani tech startups), which support longer‑term product development and ecosystem build-out but are less likely to drive immediate revenue. Veon and GSMA Sign MoU to Co-Fund Tech Start-Ups in Pakistan
  • Neutral Sentiment: Technical/trading context: intraday volume is well above average and the stock sits modestly above its 50- and 200‑day moving averages, which can amplify positive market reaction in the short term.
  • Negative Sentiment: Key risks remain: the transaction requires Competition Commission of Pakistan clearance and VEON disclosed that some TPL figures are from preliminary unaudited accounts. Regulatory, audit and integration risks could delay or reduce the expected benefits. VEON Ltd. Subsidiary Acquires Controlling Stake in TPL Insurance to Enhance Digital Financial Services in Pakistan

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VEON. Zacks Research upgraded VEON from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Wall Street Zen raised VEON from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of VEON in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, VEON presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Get Our Latest Stock Report on VEON

VEON Stock Up 1.5%

VEON opened at $54.00 on Monday. The business’s fifty day simple moving average is $53.85 and its 200 day simple moving average is $52.69. VEON Ltd. has a 52 week low of $34.55 and a 52 week high of $64.00. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 2.45. The stock has a market cap of $3.73 billion, a PE ratio of 6.14 and a beta of 1.59.

VEON announced that its board has authorized a share buyback program on Monday, November 17th that permits the company to repurchase 0 shares. This repurchase authorization permits the Wireless communications provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

About VEON

(Free Report)

VEON Ltd (NASDAQ: VEON) is a global telecommunications and digital services provider headquartered in Amsterdam, the Netherlands. Originally founded as VimpelCom in Russia in 1992, the company rebranded to VEON in 2017 to reflect its transformation into a technology-driven operator. VEON operates as a holding company with direct investments in mobile and internet service providers across multiple emerging markets, delivering voice, data and digital services to individual and enterprise customers.

Through its operating subsidiaries, VEON offers a broad portfolio that includes 2G/3G/4G mobile access, fixed broadband, digital lifestyle applications and mobile financial services.

Further Reading

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Institutional Ownership by Quarter for VEON (NASDAQ:VEON)

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