357,416 Shares in VNET Group, Inc. (NASDAQ:VNET) Purchased by Jump Financial LLC

Jump Financial LLC acquired a new stake in VNET Group, Inc. (NASDAQ:VNET - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 357,416 shares of the information technology services provider's stock, valued at approximately $1,694,000. Jump Financial LLC owned 0.14% of VNET Group at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of VNET Group during the third quarter worth about $191,000. Geode Capital Management LLC lifted its holdings in VNET Group by 237.7% in the third quarter. Geode Capital Management LLC now owns 298,539 shares of the information technology services provider's stock valued at $1,218,000 after acquiring an additional 210,124 shares during the period. Virtu Financial LLC purchased a new stake in shares of VNET Group during the 3rd quarter worth $519,000. JPMorgan Chase & Co. lifted its stake in shares of VNET Group by 136,783.0% in the third quarter. JPMorgan Chase & Co. now owns 136,883 shares of the information technology services provider's stock valued at $558,000 after purchasing an additional 136,783 shares during the period. Finally, SG Americas Securities LLC increased its holdings in VNET Group by 534.6% in the fourth quarter. SG Americas Securities LLC now owns 407,327 shares of the information technology services provider's stock valued at $1,931,000 after buying an additional 343,140 shares in the last quarter. Institutional investors and hedge funds own 72.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VNET shares. Nomura Securities upgraded VNET Group to a "strong-buy" rating in a report on Friday, February 21st. Citigroup raised their price target on VNET Group from $16.10 to $20.00 and gave the company a "buy" rating in a research report on Friday, March 14th. Finally, StockNews.com lowered shares of VNET Group from a "hold" rating to a "sell" rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, VNET Group presently has an average rating of "Buy" and a consensus price target of $9.30.

VNET Group Trading Up 8.6 %

Shares of VNET traded up $0.42 on Wednesday, hitting $5.29. 9,465,860 shares of the stock traded hands, compared to its average volume of 4,054,224. The firm has a market capitalization of $1.36 billion, a P/E ratio of -2.38, a P/E/G ratio of 1.01 and a beta of 0.15. 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 1 year low of $1.43 and a 1 year high of $16.13. The stock's 50 day moving average is $9.23 and its two-hundred day moving average is $6.37.

VNET Group (NASDAQ:VNET - Get Free Report) last issued its earnings results on Wednesday, March 12th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). VNET Group had a negative return on equity of 5.68% and a negative net margin of 28.54%. The firm had revenue of $307.75 million for the quarter, compared to analysts' expectations of $284.88 million. As a group, sell-side analysts predict that VNET Group, Inc. will post -0.06 earnings per share for the current year.

About VNET Group

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.