Chindata Group (NASDAQ:CD – Get Rating) had its price objective dropped by Citigroup from $9.30 to $8.90 in a research note issued on Wednesday, The Fly reports. Citigroup’s price objective suggests a potential upside of 33.83% from the company’s current price.
Separately, TheStreet lowered shares of Chindata Group from a “c-” rating to a “d+” rating in a research note on Friday, October 28th.
Chindata Group Stock Performance
Shares of CD opened at $6.65 on Wednesday. The company’s fifty day moving average is $7.03 and its 200-day moving average is $7.22. Chindata Group has a 12 month low of $3.75 and a 12 month high of $10.23. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 23.75 and a beta of 0.38. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.63.
Institutional Trading of Chindata Group
A number of hedge funds have recently bought and sold shares of the stock. Balyasny Asset Management LLC boosted its holdings in Chindata Group by 695.8% in the 3rd quarter. Balyasny Asset Management LLC now owns 922,722 shares of the company’s stock valued at $7,456,000 after purchasing an additional 806,772 shares during the period. Jane Street Group LLC lifted its holdings in shares of Chindata Group by 3.8% during the 3rd quarter. Jane Street Group LLC now owns 213,563 shares of the company’s stock worth $1,726,000 after acquiring an additional 7,869 shares during the period. BNP Paribas Arbitrage SNC bought a new position in shares of Chindata Group during the 3rd quarter worth about $224,000. Alliancebernstein L.P. bought a new position in shares of Chindata Group during the 3rd quarter worth about $87,000. Finally, State Street Corp lifted its holdings in shares of Chindata Group by 3.8% during the 3rd quarter. State Street Corp now owns 778,034 shares of the company’s stock worth $6,287,000 after acquiring an additional 28,804 shares during the period. 22.71% of the stock is owned by institutional investors.
Chindata Group Company Profile
Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in China, India, Malaysia, and Southeast Asia. It offers artificial intelligence, cloud computing, smart cities and homes, online entertainment, and other on-demand services. The company also provides internet data center colocation and rental services; and technical and consulting services.
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