VNET Group, Inc. (NASDAQ:VNET) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in VNET Group, Inc. (NASDAQ:VNET - Free Report) by 25.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,097,293 shares of the information technology services provider's stock after selling 369,539 shares during the quarter. Dimensional Fund Advisors LP owned about 0.43% of VNET Group worth $5,209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VNET. Barclays PLC grew its holdings in VNET Group by 229.3% during the fourth quarter. Barclays PLC now owns 7,093 shares of the information technology services provider's stock worth $34,000 after acquiring an additional 4,939 shares during the period. Catalina Capital Group LLC acquired a new stake in VNET Group during the fourth quarter worth about $54,000. Wedbush Securities Inc. acquired a new stake in VNET Group in the fourth quarter valued at approximately $127,000. Asset Management One Co. Ltd. acquired a new stake in VNET Group in the fourth quarter valued at approximately $152,000. Finally, Quinn Opportunity Partners LLC acquired a new stake in shares of VNET Group in the fourth quarter worth approximately $200,000. 72.83% of the stock is owned by institutional investors and hedge funds.

VNET Group Trading Up 7.3%

NASDAQ:VNET traded up $0.44 on Friday, reaching $6.43. The company's stock had a trading volume of 4,747,937 shares, compared to its average volume of 4,478,207. VNET Group, Inc. has a 12-month low of $1.71 and a 12-month high of $16.13. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.46. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -2.90, a price-to-earnings-growth ratio of 1.01 and a beta of 0.14. The stock has a 50 day moving average price of $7.04 and a 200 day moving average price of $6.71.

VNET Group (NASDAQ:VNET - Get Free Report) last posted its earnings results on Wednesday, March 12th. The information technology services provider reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). VNET Group had a negative net margin of 28.54% and a negative return on equity of 5.68%. The business had revenue of $307.75 million during the quarter, compared to analysts' expectations of $284.88 million. On average, equities analysts anticipate that VNET Group, Inc. will post -0.06 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. StockNews.com lowered VNET Group from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. Nomura Securities upgraded VNET Group to a "strong-buy" rating in a research report on Friday, February 21st. Finally, Citigroup lifted their price objective on VNET Group from $16.10 to $20.00 and gave the stock a "buy" rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $9.30.

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.