QRG Capital Management Inc. Takes $56,000 Position in Xunlei Limited $XNET

QRG Capital Management Inc. acquired a new position in shares of Xunlei Limited (NASDAQ:XNET) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,725 shares of the software maker’s stock, valued at approximately $56,000.

Several other institutional investors also recently modified their holdings of XNET. Nomura Holdings Inc. purchased a new stake in Xunlei in the first quarter valued at approximately $1,965,000. Invesco Ltd. bought a new stake in Xunlei during the first quarter valued at approximately $197,000. Russell Investments Group Ltd. lifted its holdings in shares of Xunlei by 21.2% during the 1st quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker’s stock worth $132,000 after acquiring an additional 5,190 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Xunlei during the 1st quarter worth $98,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Xunlei by 9,106.5% during the 1st quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker’s stock worth $83,000 after acquiring an additional 18,213 shares during the last quarter. 5.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Xunlei from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Weiss Ratings raised Xunlei from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Xunlei Price Performance

Shares of Xunlei stock opened at $8.48 on Monday. The firm has a market cap of $530.50 million, a PE ratio of 0.75 and a beta of 1.00. The company’s fifty day simple moving average is $7.47 and its two-hundred day simple moving average is $5.61. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.04. Xunlei Limited has a 12-month low of $1.82 and a 12-month high of $11.03.

Xunlei (NASDAQ:XNET) last issued its quarterly earnings data on Thursday, August 14th. The software maker reported $0.12 EPS for the quarter. The firm had revenue of $103.54 million during the quarter. Xunlei had a net margin of 202.62% and a return on equity of 4.50%. Xunlei has set its Q3 2025 guidance at EPS.

Xunlei Profile

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.