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.
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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.
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