Deutsche Bank AG Buys Shares of 86,119 VNET Group, Inc. - Unsponsored ADR $VNET

Key Points

• Deutsche Bank AG acquired a new stake in VNET Group, purchasing 86,119 shares valued at approximately $706,000 during the 1st quarter of the year.
• Research firms have mixed opinions on VNET Group, with Bank of America raising its target price from $11.80 to $12.60, while Wall Street Zen downgraded the stock from "hold" to "sell."
• VNET Group's stock performance shows a market cap of $2.11 billion and a significant price-to-earnings ratio of -98.00, contributing to a cautious outlook among analysts.

Deutsche Bank AG bought a new stake in shares of VNET Group, Inc. - Unsponsored ADR (NASDAQ:VNET - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 86,119 shares of the information technology services provider's stock, valued at approximately $706,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Triata Capital Ltd acquired a new stake in VNET Group in the 4th quarter valued at about $47,377,000. Millennium Management LLC raised its position in VNET Group by 3.4% in 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 purchasing an additional 181,749 shares in the last quarter. Vanguard Group Inc. raised its position in VNET Group by 5.3% in 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 purchasing an additional 278,496 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in VNET Group by 4.6% in 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 purchasing an additional 93,891 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in VNET Group in the 4th quarter valued at about $7,183,000. 72.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VNET shares. Bank of America increased their price target on VNET Group from $11.80 to $12.60 and gave the company a "buy" rating in a research report on Friday, August 22nd. Wall Street Zen lowered VNET Group from a "hold" rating to a "sell" rating in a research report on Saturday, August 23rd. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $9.96.

VNET Group Stock Up 1.5%

Shares of NASDAQ VNET traded up $0.13 during midday trading on Friday, hitting $8.66. 14,146,947 shares of the company's stock were exchanged, compared to its average volume of 5,248,658. 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, Inc. - Unsponsored ADR has a twelve month low of $2.25 and a twelve month high of $16.13. The company has a market cap of $2.33 billion, a PE ratio of -108.25, a P/E/G ratio of 6.02 and a beta of 0.16. The firm's fifty day simple moving average is $7.77 and its 200-day simple moving average is $7.74.

VNET Group (NASDAQ:VNET - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). The firm had revenue of $339.65 million for the quarter, compared to analysts' expectations of $2.27 billion. VNET Group had a return on equity of 0.98% and a net margin of 0.74%. VNET Group has set its FY 2025 guidance at EPS. Research analysts predict that VNET Group, Inc. - Unsponsored ADR will post -0.06 EPS for the current fiscal year.

VNET Group declared that its board has initiated a share repurchase program on Friday, June 27th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the information technology services provider to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

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.