<div id="readability-page-1"><p>Canada Pension Plan Investment Board purchased a new position in  VNET Group, Inc. - Unsponsored ADR (NASDAQ:VNET - Free Report) in the first quarter, according to its most recent filing with the Securities &amp; Exchange Commission. The firm purchased 3,349,100 shares of the information technology services provider's stock, valued at approximately $27,463,000. Canada Pension Plan Investment Board owned approximately 1.30% of VNET Group as of its most recent filing with the Securities &amp; Exchange Commission.</p><ul><li>VNET Group Stock is a Tax Loss Selling Play</li></ul><p>Other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of  VNET Group in the 1st quarter worth approximately $36,000.  Summit Securities Group LLC bought a new stake in shares of  VNET Group in the 1st quarter worth approximately $40,000.  Barclays PLC lifted its holdings in shares of  VNET Group by 229.3% in the 4th quarter. Barclays PLC now owns 7,093 shares of the information technology services provider's stock worth $34,000 after purchasing an additional 4,939 shares during the last quarter.  Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of  VNET Group in the 4th quarter worth approximately $41,000.  Finally, Liontrust Investment Partners LLP bought a new stake in shares of  VNET Group in the 1st quarter worth approximately $78,000. 72.83% of the stock is owned by institutional investors. </p><h2>Wall Street Analyst Weigh In</h2><p>VNET has been the topic of several recent research reports. Wall Street Zen downgraded VNET Group from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a report on Saturday, August 23rd. Bank of America raised their price target on VNET Group from $11.80 to $12.60 and gave the stock a &#34;buy&#34; rating in a report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned  a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of &#34;Buy&#34; and an average target price of $9.96.</p><p><b>Check Out Our Latest Research Report on VNET</b></p><h2>VNET Group Stock Performance</h2><p>Shares of NASDAQ VNET opened at $8.66 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.40. The stock has a 50 day simple moving average of $7.77 and a 200-day simple moving average of $7.74. The company has a market cap of $2.33 billion, a PE ratio of -108.25, a P/E/G ratio of 6.02 and a beta of 0.16. VNET Group, Inc. - Unsponsored ADR has a 12-month low of $2.25 and a 12-month high of $16.13. </p><p>VNET Group (NASDAQ:VNET - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). The business had revenue of $339.65 million for the quarter, compared to analyst estimates of $2.27 billion. VNET Group had a return on equity of 0.98% and a net margin of 0.74%. VNET Group has set its FY 2025 guidance at  EPS. On average, equities research analysts forecast that  VNET Group, Inc. - Unsponsored ADR will post -0.06 EPS for the current year. </p><p>VNET Group announced that its Board of Directors has approved a stock buyback program on Friday, June 27th that permits the company to buyback $0.00 in  outstanding  shares. This buyback authorization permits the information technology services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued. </p><h2>About VNET Group</h2> (Free Report)<p>VNET Group, Inc, an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet.</p><h2>Read More</h2><ul><li>Five stocks we like better than VNET Group</li><li>Why Are These Companies Considered Blue Chips?</li><li>Auto Tariffs Are Coming Down: 3 Stocks to Benefit Soon</li><li>Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?</li><li>Tencent Music Stock Outshines Spotify as China’s Music Giant</li><li>What is a Dividend King? </li><li>DICKS’s Sporting Goods Stock Dropped After Earnings—Is It a Buy?</li></ul><p><strong>Want to see what other hedge funds are holding VNET?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VNET Group, Inc. - Unsponsored ADR (NASDAQ:VNET - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Vk5FVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Vk5FVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in VNET Group Right Now?</h2><p>Before you consider VNET Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VNET Group wasn't on the list.</p><p>While VNET Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

VNET

<p>Canada Pension Plan Investment Board acquired 3,349,100 shares of VNET Group, Inc. - Unsponsored ADR (NASDAQ:VNET) valued at approximately $27.46 million in Q1. This purchase represents about 1.30% ownership in the company. Other institutional investors also increased their stakes. VNET Group has received mixed ratings from analysts, with an average rating of "Buy" and a target price of $9.96. The stock opened at $8.66, with a market cap of $2.33 billion and a recent earnings miss. VNET Group provides hosting and related services in China.</p>

3,349,100 Shares in VNET Group, Inc. - Unsponsored ADR $VNET Purchased by Canada Pension Plan Investment Board