Trade Report: Today, 21Vianet Group Inc. (VNET) Price Target Decreased to $9.00 at Stifel Nicolaus

Today, 21Vianet Group Inc. (VNET) Price Target Decreased to $9.00 at Stifel Nicolaus

21Vianet Group Inc. (NASDAQ:VNET) had its price target lowered by analysts at Stifel Nicolaus from $10.00 to $9.00 in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 18.11% from the stock’s current price.

A number of other research analysts have also commented on the stock. Zacks Investment Research lowered shares of 21Vianet Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 20th. JPMorgan Chase & Co. lowered shares of 21Vianet Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $21.00 to $5.60 in a research note on Wednesday, August 17th.

Shares of 21Vianet Group (NASDAQ:VNET) opened at 7.62 on Tuesday. 21Vianet Group has a 1-year low of $6.77 and a 1-year high of $21.32. The stock’s market capitalization is $867.53 million. The stock’s 50 day moving average is $7.41 and its 200 day moving average is $9.58.

Several hedge funds have recently modified their holdings of VNET. Top Ace Asset Management Ltd increased its stake in 21Vianet Group by 66.7% in the third quarter. Top Ace Asset Management Ltd now owns 1,500,000 shares of the company’s stock worth $11,925,000 after buying an additional 600,000 shares in the last quarter. First Manhattan Co. bought a new stake in 21Vianet Group during the second quarter worth approximately $14,071,000. Credit Suisse AG increased its stake in 21Vianet Group by 29.9% in the second quarter. Credit Suisse AG now owns 1,113,017 shares of the company’s stock worth $11,364,000 after buying an additional 256,225 shares in the last quarter. Renaissance Technologies LLC increased its stake in 21Vianet Group by 764.6% in the first quarter. Renaissance Technologies LLC now owns 640,700 shares of the company’s stock worth $12,795,000 after buying an additional 566,600 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in 21Vianet Group during the second quarter worth approximately $3,428,000. 22.26% of the stock is currently owned by institutional investors and hedge funds.

21Vianet Group Company Profile

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