Inspire Investing LLC Decreases Holdings in VNET Group, Inc. - Unsponsored ADR $VNET

Key Points

• Inspire Investing LLC has significantly reduced its holdings in VNET Group by 61.8%, now owning 87,264 shares valued at approximately $716,000.
• Several institutional investors, including BNP Paribas Financial Markets and Bank of America Corp DE, have dramatically increased their stakes in VNET Group, indicating a trend of growing interest among hedge funds.
• Analysts have mixed sentiments about VNET Group, with some upgrading their ratings while others have reduced their projections, reflecting uncertainty about the company's future performance.

Inspire Investing LLC cut its holdings in shares of VNET Group, Inc. - Unsponsored ADR (NASDAQ:VNET - Free Report) by 61.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,264 shares of the information technology services provider's stock after selling 141,282 shares during the period. Inspire Investing LLC's holdings in VNET Group were worth $716,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of VNET Group during the first quarter valued at $36,000. Summit Securities Group LLC bought a new position in VNET Group during the first quarter valued at approximately $40,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of VNET Group in the fourth quarter worth approximately $41,000. Liontrust Investment Partners LLP bought a new stake in VNET Group during the first quarter valued at about $78,000. Finally, Bingham Private Wealth LLC purchased a new position in VNET Group during the 1st quarter worth $86,000. 72.83% of the stock is currently owned by institutional investors.

VNET Group Price Performance

Shares of VNET Group stock traded up $0.02 on Monday, reaching $9.59. 9,705,880 shares of the stock were exchanged, compared to its average volume of 6,429,998. The firm's 50 day moving average is $8.14 and its 200-day moving average is $7.40. The firm has a market cap of $2.58 billion, a PE ratio of -119.88, a P/E/G ratio of 6.09 and a beta of 0.16. VNET Group, Inc. - Unsponsored ADR has a one year low of $2.67 and a one year high of $16.13. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.97 and a current ratio of 0.97.

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

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

Wall Street Analysts Forecast Growth

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

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.