86,119 Shares in VNET Group, Inc. – Unsponsored ADR $VNET Purchased by Deutsche Bank AG

Deutsche Bank AG bought a new stake in shares of VNET Group, Inc. – Unsponsored ADR (NASDAQ:VNET) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 86,119 shares of the information technology services provider’s stock, valued at approximately $706,000.

Several other large investors have also recently bought and sold shares of the stock. Triata Capital Ltd acquired a new position in VNET Group during the 4th quarter valued at about $47,377,000. Millennium Management LLC increased its stake in VNET Group by 3.4% during the 4th quarter. Millennium Management LLC now owns 5,578,371 shares of the information technology services provider’s stock valued at $26,441,000 after buying an additional 181,749 shares during the period. Vanguard Group Inc. increased its stake in VNET Group by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 5,495,446 shares of the information technology services provider’s stock valued at $45,063,000 after buying an additional 278,496 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in VNET Group by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,145,529 shares of the information technology services provider’s stock valued at $10,170,000 after buying an additional 93,891 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new position in VNET Group during the 4th quarter valued at about $7,183,000. Institutional investors and hedge funds own 72.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on VNET. Bank of America raised their target price on shares of VNET Group from $11.80 to $12.60 and gave the company a “buy” rating in a research note on Friday. Wall Street Zen cut shares of VNET Group from a “hold” rating to a “sell” rating in a research note on Saturday. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, VNET Group has an average rating of “Buy” and a consensus price target of $9.96.

VNET Group Stock Performance

Shares of VNET opened at $7.84 on Tuesday. VNET Group, Inc. – Unsponsored ADR has a one year low of $2.00 and a one year high of $16.13. The company has a 50-day moving average of $7.55 and a two-hundred day moving average of $7.81. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -98.00, a PEG ratio of 5.76 and a beta of 0.18. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.97 and a quick ratio of 0.97.

VNET Group (NASDAQ:VNET) last announced its earnings results on Thursday, August 21st. The information technology services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). VNET Group had a return on equity of 0.98% and a net margin of 0.74%.The firm had revenue of $339.65 million during the quarter, compared to analyst estimates of $2.27 billion. VNET Group has set its FY 2025 guidance at EPS. On average, equities research analysts expect that VNET Group, Inc. – Unsponsored ADR will post -0.06 earnings per share for the current year.

VNET Group declared that its Board of Directors has approved a stock repurchase program on Friday, June 27th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the information technology services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

VNET Group Profile

VNET Group, Inc, an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet.