Pacer Advisors Inc. reduced its stake in shares of VNET Group, Inc. – Unsponsored ADR (NASDAQ:VNET – Free Report) by 71.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 178,308 shares of the information technology services provider’s stock after selling 447,482 shares during the period. Pacer Advisors Inc.’s holdings in VNET Group were worth $1,508,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC raised its position in VNET Group by 6.1% during the third quarter. Orion Porfolio Solutions LLC now owns 21,491 shares of the information technology services provider’s stock valued at $222,000 after purchasing an additional 1,237 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of VNET Group by 52.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,157 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 1,426 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of VNET Group by 14.5% during the 3rd quarter. Raymond James Financial Inc. now owns 11,446 shares of the information technology services provider’s stock valued at $118,000 after buying an additional 1,446 shares in the last quarter. Farther Finance Advisors LLC lifted its position in VNET Group by 13.3% in the 4th quarter. Farther Finance Advisors LLC now owns 13,689 shares of the information technology services provider’s stock worth $116,000 after buying an additional 1,611 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in VNET Group by 7.0% in the fourth quarter. Personal CFO Solutions LLC now owns 35,562 shares of the information technology services provider’s stock worth $301,000 after buying an additional 2,336 shares in the last quarter. 72.83% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other VNET Group news, Director David Lifeng Chen sold 83,544 shares of VNET Group stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $1.51, for a total value of $126,151.44. Following the completion of the transaction, the director directly owned 334,164 shares of the company’s stock, valued at approximately $504,587.64. The trade was a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 12.10% of the stock is currently owned by corporate insiders.
VNET Group Stock Performance
VNET Group (NASDAQ:VNET – Get Free Report) last posted its quarterly earnings data on Monday, March 16th. The information technology services provider reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). The firm had revenue of $384.07 million during the quarter, compared to the consensus estimate of $368.64 million. VNET Group had a positive return on equity of 1.36% and a negative net margin of 2.48%. On average, analysts anticipate that VNET Group, Inc. – Unsponsored ADR will post 0.21 EPS for the current fiscal year.
Key VNET Group News
Here are the key news stories impacting VNET Group this week:
- Positive Sentiment: VNET announced that two buyers, including investors linked to CATL, agreed to purchase up to 650.4 million Class A shares at US$1.4486 per share (US$8.6914 per ADS), a transaction investors are viewing as a strong vote of confidence and a potential catalyst for the company’s data center and energy-storage ecosystem. Article Title
- Positive Sentiment: Multiple market reports noted that VNET’s shares surged on heavy trading volume after the strategic investor announcement, reflecting strong trader enthusiasm and momentum buying. Article Title
- Positive Sentiment: JPMorgan-linked commentary suggested the CATL investment could help advance VNET’s AIDC energy storage ecosystem, reinforcing the idea that the deal may support longer-term strategic growth. Article Title
- Neutral Sentiment: Some coverage framed the move as a valuation and technical-rally story, with analysts questioning whether the sharp jump can be sustained without stronger earnings estimate revisions. Article Title
- Neutral Sentiment: Traders also bought large volumes of call options, showing heightened speculative interest, but this does not by itself confirm a lasting fundamental improvement. Article Title
- Negative Sentiment: Zacks highlighted that while the stock jumped sharply, the latest earnings estimate revisions do not suggest more upside ahead, which could temper enthusiasm if the rally fades. Article Title
Analyst Upgrades and Downgrades
VNET has been the topic of several recent research reports. Wall Street Zen raised shares of VNET Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of VNET Group in a research note on Friday, March 27th. Bank of America restated a “buy” rating on shares of VNET Group in a research report on Monday, March 16th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $23.55 price objective on shares of VNET Group in a report on Monday, March 16th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, VNET Group has an average rating of “Hold” and an average target price of $18.08.
Read Our Latest Report on VNET Group
VNET Group Profile
VNET Group, Inc (NASDAQ: VNET) is a leading carrier-neutral internet data center (IDC) services provider in China. Established in 1999 and headquartered in Beijing, the company delivers a full spectrum of infrastructure solutions that support the growing digital economy. Its core offerings include data center colocation, managed hosting, network connectivity, and disaster recovery services designed to meet the performance and reliability requirements of enterprise and internet content customers.
The company’s product portfolio spans private cloud, public cloud and hybrid cloud deployments, enabling clients to scale computing resources on demand.
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