Temasek Holdings Private Ltd Makes New $3.09 Million Investment in VNET Group, Inc. – Unsponsored ADR $VNET

Temasek Holdings Private Ltd purchased a new stake in shares of VNET Group, Inc. – Unsponsored ADR (NASDAQ:VNET) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 298,800 shares of the information technology services provider’s stock, valued at approximately $3,087,000. Temasek Holdings Private Ltd owned 0.11% of VNET Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Infini Capital Management Ltd grew its holdings in VNET Group by 39.2% in the second quarter. Infini Capital Management Ltd now owns 9,758,083 shares of the information technology services provider’s stock valued at $67,331,000 after purchasing an additional 2,747,661 shares during the period. Norges Bank purchased a new stake in shares of VNET Group in the second quarter valued at approximately $54,199,000. Oxbow Capital Management HK Ltd raised its stake in shares of VNET Group by 64.3% during the 2nd quarter. Oxbow Capital Management HK Ltd now owns 5,750,000 shares of the information technology services provider’s stock worth $39,675,000 after buying an additional 2,250,000 shares during the period. UBS Group AG lifted its position in shares of VNET Group by 73.2% during the 3rd quarter. UBS Group AG now owns 4,283,660 shares of the information technology services provider’s stock valued at $44,250,000 after buying an additional 1,809,987 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of VNET Group by 674.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,343,088 shares of the information technology services provider’s stock valued at $23,067,000 after buying an additional 2,911,604 shares in the last quarter. Hedge funds and other institutional investors own 72.83% of the company’s stock.

VNET Group Price Performance

VNET Group stock opened at $10.51 on Friday. The company’s 50 day simple moving average is $11.10 and its 200-day simple moving average is $9.86. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.90 and a current ratio of 0.90. VNET Group, Inc. – Unsponsored ADR has a 1 year low of $4.65 and a 1 year high of $14.48. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of -35.03, a price-to-earnings-growth ratio of 0.82 and a beta of 0.01.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of VNET Group in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.60.

About VNET Group

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.