US Bancorp DE Increases Stock Position in 21Vianet Group, Inc. (NASDAQ:VNET)

US Bancorp DE grew its holdings in 21Vianet Group, Inc. (NASDAQ:VNET) by 51.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,296 shares of the information technology services provider’s stock after buying an additional 1,117 shares during the period. US Bancorp DE’s holdings in 21Vianet Group were worth $75,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Standard Life Aberdeen plc purchased a new stake in shares of 21Vianet Group in the first quarter valued at about $1,403,000. Creative Planning increased its stake in shares of 21Vianet Group by 60.0% during the second quarter. Creative Planning now owns 40,000 shares of the information technology services provider’s stock worth $918,000 after acquiring an additional 15,000 shares during the period. Wrapmanager Inc. increased its stake in shares of 21Vianet Group by 30.1% during the first quarter. Wrapmanager Inc. now owns 8,843 shares of the information technology services provider’s stock worth $286,000 after acquiring an additional 2,045 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of 21Vianet Group by 466.6% during the first quarter. BNP Paribas Arbitrage SA now owns 151,373 shares of the information technology services provider’s stock worth $4,889,000 after acquiring an additional 124,656 shares during the period. Finally, Ocean Arete Ltd. acquired a new position in shares of 21Vianet Group during the first quarter worth about $3,230,000. 68.96% of the stock is owned by institutional investors and hedge funds.

Shares of VNET opened at $17.64 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -14.70 and a beta of 0.20. The company’s 50 day simple moving average is $18.60 and its 200 day simple moving average is $23.78. 21Vianet Group, Inc. has a 1 year low of $14.11 and a 1 year high of $44.45.

21Vianet Group (NASDAQ:VNET) last announced its quarterly earnings data on Monday, August 23rd. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $3.09. The business had revenue of $231.85 million for the quarter, compared to the consensus estimate of $228.01 million. 21Vianet Group had a negative net margin of 10.03% and a negative return on equity of 7.80%. Equities analysts expect that 21Vianet Group, Inc. will post 0.13 EPS for the current fiscal year.

A number of brokerages have recently issued reports on VNET. Zacks Investment Research upgraded shares of 21Vianet Group from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, August 26th. JPMorgan Chase & Co. began coverage on shares of 21Vianet Group in a research report on Tuesday, August 17th. They set an “overweight” rating and a $27.00 target price on the stock. Citigroup lowered their target price on shares of 21Vianet Group from $43.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, August 25th. Finally, TheStreet lowered shares of 21Vianet Group from a “c” rating to a “d” rating in a research report on Wednesday, June 30th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $30.00.

21Vianet Group Profile

21Vianet Group, Inc is a holding company, which engages in the provision of carrier-neutral internet data center services. Its services include interconnectivity, colocation or data center managed hosting services, and cloud services. The company was founded by Sheng Chen and Jun Zhang on October 16, 1999 and is headquartered in Beijing, China.

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

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