BidaskClub upgraded shares of 21Vianet Group (NASDAQ:VNET) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning.

A number of other equities research analysts have also weighed in on VNET. ValuEngine lowered shares of 21Vianet Group from a buy rating to a hold rating in a report on Sunday, December 31st. Morgan Stanley raised shares of 21Vianet Group from an equal weight rating to an overweight rating and boosted their target price for the stock from $6.30 to $9.50 in a report on Wednesday, October 4th.

21Vianet Group (VNET) traded up $0.19 on Friday, reaching $9.16. 901,200 shares of the company’s stock were exchanged, compared to its average volume of 1,032,050. 21Vianet Group has a 52-week low of $4.17 and a 52-week high of $9.42. 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 company has a market cap of $1,022.71, a price-to-earnings ratio of -3.15 and a beta of 1.42.

Several large investors have recently bought and sold shares of VNET. Aperio Group LLC boosted its stake in shares of 21Vianet Group by 119.2% in the 2nd quarter. Aperio Group LLC now owns 26,489 shares of the information technology services provider’s stock valued at $133,000 after purchasing an additional 14,403 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of 21Vianet Group by 42.7% in the 2nd quarter. Profund Advisors LLC now owns 20,988 shares of the information technology services provider’s stock valued at $105,000 after purchasing an additional 6,283 shares during the last quarter. FIL Ltd boosted its stake in shares of 21Vianet Group by 143.0% in the 2nd quarter. FIL Ltd now owns 2,830,776 shares of the information technology services provider’s stock valued at $14,210,000 after purchasing an additional 1,666,003 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 21Vianet Group by 55.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,018,868 shares of the information technology services provider’s stock valued at $5,117,000 after purchasing an additional 363,257 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of 21Vianet Group by 12.8% in the 2nd quarter. State Street Corp now owns 261,883 shares of the information technology services provider’s stock valued at $1,316,000 after purchasing an additional 29,720 shares during the last quarter. 19.66% of the stock is currently owned by institutional investors.

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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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