Top-Rated StocksTop-RatedNYSE:TME Tencent Music Entertainment Group (TME) Stock Price, News & Analysis → World’s biggest multibillionaire investor is buying THIS by the ton [picture] (From Stansberry Research) (Ad) Free TME Stock Alerts $12.69 +0.16 (+1.28%) (As of 04/25/2024 ET) Add Compare Share Share Today's Range$12.24▼$12.7050-Day Range$9.47▼$12.5352-Week Range$5.70▼$12.70Volume8.30 million shsAverage Volume8.67 million shsMarket Capitalization$21.78 billionP/E Ratio28.82Dividend YieldN/APrice Target$11.63 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Tencent Music Entertainment Group alerts: Email Address Tencent Music Entertainment Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.85 Rating ScoreUpside/Downside8.3% Downside$11.63 Price TargetShort InterestHealthy3.33% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.46Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth25.86%From $0.58 to $0.73 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.51 out of 5 starsComputer And Technology Sector164th out of 586 stocksRadio Broadcasting Stations Industry4th out of 8 stocks 2.4 Analyst's Opinion Consensus RatingTencent Music Entertainment Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.85, and is based on 11 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageTencent Music Entertainment Group has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.33% of the float of Tencent Music Entertainment Group has been sold short.Short Interest Ratio / Days to CoverTencent Music Entertainment Group has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Tencent Music Entertainment Group has recently increased by 9.86%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldTencent Music Entertainment Group does not currently pay a dividend.Dividend GrowthTencent Music Entertainment Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TME. Previous Next 3.6 News and Social Media Coverage News SentimentTencent Music Entertainment Group has a news sentiment score of 1.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.43 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Tencent Music Entertainment Group this week, compared to 4 articles on an average week.Search InterestOnly 6 people have searched for TME on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.MarketBeat Follows9 people have added Tencent Music Entertainment Group to their MarketBeat watchlist in the last 30 days. This is an increase of 80% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tencent Music Entertainment Group insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 24.32% of the stock of Tencent Music Entertainment Group is held by institutions. Previous Next 4.4 Earnings and Valuation Earnings GrowthEarnings for Tencent Music Entertainment Group are expected to grow by 25.86% in the coming year, from $0.58 to $0.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tencent Music Entertainment Group is 28.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.75.Price to Earnings Ratio vs. SectorThe P/E ratio of Tencent Music Entertainment Group is 28.82, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 245.64.Price to Earnings Growth RatioTencent Music Entertainment Group has a PEG Ratio of 0.75. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioTencent Music Entertainment Group has a P/B Ratio of 2.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsBetter than Bitcoin? The Biotech Stock with 46,751% Potential4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.Get the name of the stock here >>> About Tencent Music Entertainment Group Stock (NYSE:TME)Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; and WeSing, which enables users to sing from its library of karaoke songs and share their performances in audio or video formats with friends. The company also operates QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base; and Lazy Audio, an audio platform. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. The company is based in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.Read More TME Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TME Stock News HeadlinesApril 25, 2024 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Reaches New 1-Year High at $12.06April 21, 2024 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Trading Down 1.8%April 25, 2024 | Stansberry Research (Ad)World’s biggest multibillionaire investor is buying THIS by the ton [picture]Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.April 20, 2024 | finance.yahoo.comAnalysts Are Updating Their Tencent Music Entertainment Group (NYSE:TME) Estimates After Its Full-Year ResultsApril 18, 2024 | finance.yahoo.comTencent Music Entertainment Group Filed 2023 Annual Report on Form 20-FApril 18, 2024 | markets.businessinsider.comTencent Music: A Harmonious Future with Robust Subscriber and Ad Revenue GrowthApril 16, 2024 | markets.businessinsider.comBuy Rating for Tencent Music: Forecasting Substantial Subscriber Growth and Robust ProfitabilityApril 15, 2024 | finance.yahoo.comTencent Music Entertainment Group to Report First Quarter 2024 Financial Results on May 13, 2024April 25, 2024 | Stansberry Research (Ad)World’s biggest multibillionaire investor is buying THIS by the ton [picture]Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.April 9, 2024 | finance.yahoo.comReturns On Capital Are Showing Encouraging Signs At Tencent Music Entertainment Group (NYSE:TME)April 3, 2024 | finance.yahoo.comTencent Music Entertainment Group (NYSE:TME) Q4 2023 Earnings Call TranscriptApril 3, 2024 | finance.yahoo.comZacks.com featured highlights American Eagle Outfitters, JD.com, PDD Holdings, Air Lease and Tencent Music EntertainmentMarch 24, 2024 | finance.yahoo.comTencent Music Entertainment Group Full Year 2023 Earnings: EPS Beats ExpectationsMarch 22, 2024 | finance.yahoo.comTencent Music Entertainment Group Announces Senior Management ChangesMarch 21, 2024 | seekingalpha.comTencent Music Entertainment (TME) Q4 2023 Earnings Call TranscriptMarch 21, 2024 | finance.yahoo.comUS$11.37 - That's What Analysts Think Tencent Music Entertainment Group (NYSE:TME) Is Worth After These ResultsMarch 21, 2024 | markets.businessinsider.comUpbeat Outlook for Tencent Music: Analyst Upholds Buy Rating Amid ARPPU Growth and Margin ExpansionMarch 20, 2024 | msn.comTencent Music beats quarterly revenue estimates (March 19)March 20, 2024 | markets.businessinsider.comBuy Rating Reaffirmed for Tencent Music Entertainment Group Amidst Strong Financial Performance and Positive Business OutlookMarch 20, 2024 | msn.comTencent Music sees rating upgrade at Goldman on sustained subscription momentumMarch 20, 2024 | msn.comThese Analysts Raise Their Forecasts On Tencent Music Entertainment After Q4 ResultsMarch 20, 2024 | markets.businessinsider.comTencent Music Entertainment Ready To Benefit From 'Secular Tailwind Of Music Streaming Adoption': Analysts On Q4 Results, OutlookMarch 20, 2024 | finance.yahoo.comTencent Music Entertainment Group: Tencent Music Earnings: Tuning Into Growth and Shareholder Returns; Shares UndervaluedMarch 19, 2024 | msn.comTencent Music Profits Surged in 2023 on Paid Subscription Growth Despite Hit to Social BusinessMarch 19, 2024 | msn.comChina's Leading Audio Entertainment App Tencent Music's Users Decline In Q4, But Paying Subscribers SurgeMarch 19, 2024 | nasdaq.comTencent Music Entertainment Group Earnings Hitting the High NotesMarch 19, 2024 | msn.comTencent Music Entertainment Non-GAAP EPADS of $0.14 beats by $0.01, revenue of $971M beats by $41.29MSee More Headlines Receive TME Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tencent Music Entertainment Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings3/19/2024Today4/25/2024Next Earnings (Confirmed)5/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorComputer and Technology Industry Radio broadcasting stations Sub-IndustryN/A Current SymbolNYSE:TME CUSIPN/A CIK1744676 Webwww.tencentmusic.com Phone8675586013388FaxN/AEmployees5,805Year Founded2016Price Target and Rating Average Stock Price Target$11.63 High Stock Price Target$14.00 Low Stock Price Target$7.40 Potential Upside/Downside-7.5%Consensus RatingModerate Buy Rating Score (0-4)2.85 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.44 Trailing P/E Ratio28.59 Forward P/E Ratio21.69 P/E Growth0.75Net Income$695.20 million Net Margins17.71% Pretax Margin21.78% Return on Equity9.67% Return on Assets7.30% Debt Debt-to-Equity Ratio0.10 Current Ratio2.49 Quick Ratio2.49 Sales & Book Value Annual Sales$3.91 billion Price / Sales5.52 Cash Flow$0.53 per share Price / Cash Flow23.81 Book Value$4.71 per share Price / Book2.67Miscellaneous Outstanding Shares1,716,080,000Free FloatN/AMarket Cap$21.59 billion OptionableOptionable Beta0.81 Social Links 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Kar Shun Pang (Age 50)Executive Chairman Mr. Zhu Liang (Age 47)CEO & Director Ms. Min Hu (Age 52)CFO & Director Millicent T.Head of IRMr. Tsai Chun Pan (Age 50)Group VP & Head of Content Cooperation Business Ms. Linlin Chen (Age 43)Group Vice President & Head of Kugou Business Unit More ExecutivesKey CompetitorsPTCNASDAQ:PTCNokia OyjNYSE:NOKNetAppNASDAQ:NTAPHewlett Packard EnterpriseNYSE:HPEASE TechnologyNYSE:ASXView All CompetitorsInstitutional OwnershipAubrey Capital Management LtdBought 1,457,200 shares on 4/25/2024Ownership: 0.085%Zurcher Kantonalbank Zurich Cantonalbank Bought 36,118 shares on 4/25/2024Ownership: 0.013%Simplex Trading LLCBought 73,000 shares on 4/25/2024Ownership: 0.000%E Fund Management Hong Kong Co. Ltd.Sold 179,439 shares on 4/24/2024Ownership: 0.035%Origin Asset Management LLPBought 1,080,700 shares on 4/23/2024Ownership: 0.195%View All Institutional Transactions TME Stock Analysis - Frequently Asked Questions Should I buy or sell Tencent Music Entertainment Group stock right now? 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TME shares. View TME analyst ratings or view top-rated stocks. What is Tencent Music Entertainment Group's stock price target for 2024? 13 equities research analysts have issued 1-year target prices for Tencent Music Entertainment Group's shares. Their TME share price targets range from $7.40 to $14.00. On average, they expect the company's share price to reach $11.63 in the next twelve months. This suggests that the stock has a possible downside of 8.3%. View analysts price targets for TME or view top-rated stocks among Wall Street analysts. How have TME shares performed in 2024? Tencent Music Entertainment Group's stock was trading at $9.01 on January 1st, 2024. Since then, TME stock has increased by 40.7% and is now trading at $12.68. View the best growth stocks for 2024 here. Are investors shorting Tencent Music Entertainment Group? Tencent Music Entertainment Group saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 21,000,000 shares, a decrease of 31.4% from the March 15th total of 30,590,000 shares. Based on an average daily volume of 8,980,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.9% of the shares of the stock are sold short. View Tencent Music Entertainment Group's Short Interest. When is Tencent Music Entertainment Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our TME earnings forecast. How can I listen to Tencent Music Entertainment Group's earnings call? Tencent Music Entertainment Group will be holding an earnings conference call on Monday, May 13th at 7:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Tencent Music Entertainment Group's earnings last quarter? Tencent Music Entertainment Group (NYSE:TME) posted its quarterly earnings data on Tuesday, March, 19th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $971 million for the quarter, compared to analysts' expectations of $925.06 million. Tencent Music Entertainment Group had a trailing twelve-month return on equity of 9.67% and a net margin of 17.71%. What ETFs hold Tencent Music Entertainment Group's stock? ETFs with the largest weight of Tencent Music Entertainment Group (NYSE:TME) stock in their portfolio include KraneShares CSI China Internet ETF (KWEB), Invesco Golden Dragon China ETF (PGJ), Global X Social Media Index ETF (SOCL), MUSQ Global Music Industry ETF (MUSQ), Principal Millennial Global Growth ETF (GENY), CoreValues Alpha Greater China Growth ETF (CGRO), Amplify International Enhanced Dividend Income ETF (IDVO) and Global X Emerging Markets Internet & E-commerce ETF (EWEB). What other stocks do shareholders of Tencent Music Entertainment Group own? Based on aggregate information from My MarketBeat watchlists, some companies that other Tencent Music Entertainment Group investors own include Alibaba Group (BABA), NVIDIA (NVDA), Advanced Micro Devices (AMD), iQIYI (IQ), Roku (ROKU), Netflix (NFLX), JD.com (JD), Johnson & Johnson (JNJ), Block (SQ) and Walt Disney (DIS). When did Tencent Music Entertainment Group IPO? Tencent Music Entertainment Group (TME) raised $1.1 billion in an initial public offering (IPO) on Wednesday, December 12th 2018. The company issued 82,000,000 shares at $13.00-$15.00 per share. Morgan Stanley, Goldman Sachs (Asia), J.P. Morgan, Deutsche Bank Securities and BofA Merrill Lynch served as the underwriters for the IPO and Credit Suisse, CICC, Allen & Company, BOCI, China Renaissance. HSBC, KeyBanc Capital Markets and Stifel were co-managers. Who are Tencent Music Entertainment Group's major shareholders? Tencent Music Entertainment Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.45%), Origin Asset Management LLP (0.20%), Sumitomo Mitsui Trust Holdings Inc. (0.11%), Matthews International Capital Management LLC (0.11%), Perpetual Ltd (0.09%) and Aubrey Capital Management Ltd (0.08%). How do I buy shares of Tencent Music Entertainment Group? Shares of TME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:TME) was last updated on 4/25/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsThese AI trades triggered this morning (545% return)Prosper Trading AcademyThe A.I. story nobody is telling you (Read ASAP)TradeSmithHe Is Giving Away BitcoinCrypto Swap ProfitsJim Cramer’s “The Biggest Drug Ever”Behind the MarketsThe AI stock to buy right nowStockEarningsThe only accurate crypto trading system I know …Weiss RatingsFed launches fourth dollar overhaulStansberry Research Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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