Independent Advisor Alliance Sells 55,048 Shares of VNET Group, Inc. – Unsponsored ADR $VNET

by · The Cerbat Gem

Independent Advisor Alliance lowered its position in VNET Group, Inc. – Unsponsored ADR (NASDAQ:VNET – Free Report) by 15.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 290,908 shares of the information technology services provider’s stock after selling 55,048 shares during the period. Independent Advisor Alliance’s holdings in VNET Group were worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of VNET. Geode Capital Management LLC lifted its position in shares of VNET Group by 3.2% in the 2nd quarter. Geode Capital Management LLC now owns 241,964 shares of the information technology services provider’s stock worth $1,670,000 after acquiring an additional 7,489 shares during the period. JPMorgan Chase & Co. lifted its position in shares of VNET Group by 1,201.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 511,417 shares of the information technology services provider’s stock worth $3,529,000 after acquiring an additional 472,115 shares during the period. Quantbot Technologies LP lifted its position in shares of VNET Group by 333.0% in the 2nd quarter. Quantbot Technologies LP now owns 18,805 shares of the information technology services provider’s stock worth $130,000 after acquiring an additional 14,462 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of VNET Group by 52.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,157 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 1,426 shares during the period. Finally, Qube Research & Technologies Ltd bought a new stake in shares of VNET Group in the 2nd quarter worth approximately $3,568,000. Institutional investors own 72.83% of the company’s stock.

VNET Group Price Performance

VNET Group stock opened at $10.45 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $2.83 billion, a PE ratio of -36.03 and a beta of 0.19. VNET Group, Inc. – Unsponsored ADR has a one year low of $5.14 and a one year high of $14.48. The business has a 50 day simple moving average of $9.10 and a 200 day simple moving average of $9.72.

VNET Group (NASDAQ:VNET – Get Free Report) last posted its earnings results on Monday, March 16th. The information technology services provider reported $0.00 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.04). The company had revenue of $384.07 million for 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, sell-side analysts forecast that VNET Group, Inc. – Unsponsored ADR will post 0.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen upgraded VNET Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Bank of America reiterated a “buy” rating on shares of VNET Group in a research report on Monday, March 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $23.55 price objective on shares of VNET Group in a research report on Monday, March 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of VNET Group in a research report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.08.

Check Out Our Latest Research Report on VNET

Insider Activity at VNET Group

In related news, Director David Lifeng Chen sold 83,544 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $1.51, for a total transaction of $126,151.44. Following the completion of the transaction, the director owned 334,164 shares in the company, valued at $504,587.64. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.10% of the stock is owned by company insiders.

VNET Group News Roundup

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

VNET Group Company Profile

(Free Report)

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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