32,008 Shares in VNET Group, Inc. (NASDAQ:VNET) Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. acquired a new position in VNET Group, Inc. (NASDAQ:VNET - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,008 shares of the information technology services provider's stock, valued at approximately $152,000.

Other large investors also recently made changes to their positions in the company. Wolverine Trading LLC bought a new position in VNET Group in the 3rd quarter worth approximately $46,000. Catalina Capital Group LLC acquired a new position in shares of VNET Group during the fourth quarter valued at $54,000. Walleye Capital LLC bought a new position in VNET Group in the third quarter valued at about $115,000. Blue Trust Inc. increased its position in VNET Group by 785.4% in the third quarter. Blue Trust Inc. now owns 42,074 shares of the information technology services provider's stock worth $172,000 after purchasing an additional 37,322 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in VNET Group during the 3rd quarter worth about $191,000. Institutional investors own 72.83% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of VNET Group from a "neutral" rating to a "buy" rating and raised their target price for the company from $3.10 to $5.00 in a research note on Friday, November 29th. UBS Group lifted their target price on shares of VNET Group from $6.40 to $7.00 and gave the stock a "buy" rating in a report on Friday, November 29th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, VNET Group has a consensus rating of "Buy" and a consensus price target of $4.78.

VNET Group Trading Down 0.6 %

VNET Group stock traded down $0.09 during midday trading on Friday, hitting $14.59. 18,625,418 shares of the stock were exchanged, compared to its average volume of 10,146,819. The stock has a market capitalization of $3.76 billion, a PE ratio of -6.57, a P/E/G ratio of 1.01 and a beta of -0.18. The company has a fifty day simple moving average of $6.95 and a two-hundred day simple moving average of $4.56. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.46. VNET Group, Inc. has a 52 week low of $1.42 and a 52 week high of $16.13.

VNET Group Company 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.