21Vianet Group (NASDAQ:VNET) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Friday.
Other research analysts have also issued research reports about the company. ValuEngine lowered 21Vianet Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Morgan Stanley raised 21Vianet Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $6.30 to $9.50 in a report on Wednesday, October 4th.
21Vianet Group (NASDAQ:VNET) traded up $0.19 during mid-day trading on Friday, reaching $9.16. The company’s stock had a trading volume of 901,209 shares, compared to its average volume of 1,031,800. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1,004.85, a price-to-earnings ratio of -3.15 and a beta of 1.42. 21Vianet Group has a 1-year low of $4.17 and a 1-year high of $9.42.
Several institutional investors and hedge funds have recently modified their holdings of the company. California Public Employees Retirement System boosted its position in shares of 21Vianet Group by 37.6% during the 3rd quarter. California Public Employees Retirement System now owns 160,196 shares of the information technology services provider’s stock valued at $912,000 after acquiring an additional 43,796 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 21Vianet Group by 6.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,084,143 shares of the information technology services provider’s stock valued at $6,167,000 after acquiring an additional 65,275 shares during the last quarter. Westpac Banking Corp bought a new stake in shares of 21Vianet Group during the 3rd quarter valued at about $426,000. Penserra Capital Management LLC boosted its position in shares of 21Vianet Group by 74.9% during the 3rd quarter. Penserra Capital Management LLC now owns 136,843 shares of the information technology services provider’s stock valued at $778,000 after acquiring an additional 58,608 shares during the last quarter. Finally, Pictet Asset Management Ltd. bought a new stake in shares of 21Vianet Group during the 3rd quarter valued at about $262,000. Hedge funds and other institutional investors own 19.66% of the company’s stock.
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21Vianet Group Company Profile
21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.
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