XTX Topco Ltd Buys New Position in Xunlei Limited (NASDAQ:XNET)

XTX Topco Ltd bought a new stake in shares of Xunlei Limited (NASDAQ:XNET) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,806 shares of the software maker’s stock, valued at approximately $98,000.

Several other large investors have also bought and sold shares of the company. Marshall Wace LLP acquired a new position in shares of Xunlei in the 4th quarter valued at $84,000. Russell Investments Group Ltd. acquired a new stake in Xunlei during the 4th quarter worth about $52,000. Finally, Two Sigma Securities LLC acquired a new stake in Xunlei during the 4th quarter worth about $36,000. Institutional investors own 5.07% of the company’s stock.

Xunlei Stock Up 12.7%

Shares of XNET stock opened at $5.05 on Friday. The stock’s 50 day simple moving average is $4.72 and its 200 day simple moving average is $4.35. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.60 and a current ratio of 2.60. Xunlei Limited has a twelve month low of $1.51 and a twelve month high of $7.19. The company has a market capitalization of $314.97 million, a price-to-earnings ratio of -84.15 and a beta of 0.88.

Xunlei (NASDAQ:XNET) last issued its quarterly earnings results on Thursday, August 14th. The software maker reported $0.12 EPS for the quarter. Xunlei had a positive return on equity of 5.39% and a negative net margin of 0.97%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Xunlei from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th.

About Xunlei

Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.