21Vianet Group Inc (VNET) Holdings Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of 21Vianet Group Inc (NASDAQ:VNET) by 82.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,911 shares of the information technology services provider’s stock after selling 196,931 shares during the quarter. JPMorgan Chase & Co.’s holdings in 21Vianet Group were worth $433,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of VNET. Jane Street Group LLC purchased a new position in shares of 21Vianet Group during the 2nd quarter worth $104,000. Russell Investments Group Ltd. purchased a new position in shares of 21Vianet Group during the 3rd quarter worth $195,000. Tower Research Capital LLC TRC lifted its stake in shares of 21Vianet Group by 1,127.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 27,953 shares of the information technology services provider’s stock worth $271,000 after purchasing an additional 25,676 shares during the period. Atria Investments LLC purchased a new position in shares of 21Vianet Group during the 3rd quarter worth $301,000. Finally, Hussman Strategic Advisors Inc. purchased a new position in shares of 21Vianet Group during the 3rd quarter worth $505,000. 33.27% of the stock is currently owned by institutional investors.

A number of brokerages have weighed in on VNET. BidaskClub raised 21Vianet Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. TheStreet raised 21Vianet Group from a “d+” rating to a “c-” rating in a research note on Tuesday, November 13th. Jefferies Financial Group began coverage on 21Vianet Group in a research note on Tuesday, October 2nd. They set a “buy” rating on the stock. Zacks Investment Research raised 21Vianet Group from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Saturday, October 27th. Finally, ValuEngine raised 21Vianet Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $11.00.

VNET stock opened at $9.51 on Friday. The firm has a market cap of $1.06 billion, a PE ratio of -39.63 and a beta of 1.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.15 and a quick ratio of 2.15. 21Vianet Group Inc has a 52 week low of $5.01 and a 52 week high of $11.98.

21Vianet Group (NASDAQ:VNET) last released its quarterly earnings data on Tuesday, November 20th. The information technology services provider reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $126.68 million during the quarter, compared to the consensus estimate of $124.49 million. 21Vianet Group had a return on equity of 1.94% and a net margin of 22.01%. On average, analysts forecast that 21Vianet Group Inc will post 0.04 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “21Vianet Group Inc (VNET) Holdings Decreased by JPMorgan Chase & Co.” was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://transcriptdaily.com/2019/01/12/21vianet-group-inc-vnet-holdings-decreased-by-jpmorgan-chase-co.html.

21Vianet Group Company Profile

21Vianet Group, Inc provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network; and other hosting related value-added services.

Featured Article: How Do I Invest in Dividend Stocks

Want to see what other hedge funds are holding VNET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 21Vianet Group Inc (NASDAQ:VNET).

Institutional Ownership by Quarter for 21Vianet Group (NASDAQ:VNET)

Receive News & Ratings for 21Vianet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 21Vianet Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply