Jump Financial LLC Acquires Shares of 357,416 VNET Group, Inc. (NASDAQ:VNET)

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

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of VNET Group by 229.3% during the 4th quarter. Barclays PLC now owns 7,093 shares of the information technology services provider's stock worth $34,000 after purchasing an additional 4,939 shares during the period. Catalina Capital Group LLC purchased a new position in VNET Group in the fourth quarter valued at about $54,000. Wedbush Securities Inc. bought a new position in shares of VNET Group during the 4th quarter valued at approximately $127,000. Asset Management One Co. Ltd. purchased a new stake in shares of VNET Group during the 4th quarter worth approximately $152,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of VNET Group in the 3rd quarter worth approximately $191,000. Institutional investors own 72.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VNET. Citigroup upped 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. Nomura Securities upgraded shares of VNET Group to a "strong-buy" rating in a research report on Friday, February 21st. Finally, StockNews.com cut 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 issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $9.30.

VNET Group Price Performance

Shares of VNET traded down $0.23 during midday trading on Friday, reaching $5.19. The stock had a trading volume of 1,158,226 shares, compared to its average volume of 4,074,150. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -2.36, a price-to-earnings-growth ratio of 1.01 and a beta of 0.15. The company's 50-day moving average is $8.98 and its 200 day moving average is $6.38. VNET Group, Inc. has a 12-month low of $1.51 and a 12-month high of $16.13.

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 the consensus estimate of $0.03 by ($0.04). The firm had revenue of $307.75 million during the quarter, compared to analysts' expectations of $284.88 million. VNET Group had a negative return on equity of 5.68% and a negative net margin of 28.54%. On average, equities analysts predict that VNET Group, Inc. will post -0.06 EPS for the current fiscal year.

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.