China Universal Asset Management Co. Ltd. Acquires Shares of 75,500 Xunlei Limited $XNET

China Universal Asset Management Co. Ltd. bought a new position in shares of Xunlei Limited (NASDAQ:XNET) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 75,500 shares of the software maker’s stock, valued at approximately $306,000. China Universal Asset Management Co. Ltd. owned about 0.12% of Xunlei as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Walleye Capital LLC acquired a new stake in shares of Xunlei during the 2nd quarter valued at approximately $51,000. QRG Capital Management Inc. bought a new stake in Xunlei during the second quarter valued at $56,000. NewEdge Advisors LLC raised its holdings in shares of Xunlei by 9,106.5% during the first quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker’s stock worth $83,000 after purchasing an additional 18,213 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Xunlei by 21.2% in the 1st quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker’s stock worth $132,000 after buying an additional 5,190 shares during the last quarter. Finally, Invesco Ltd. acquired a new position in shares of Xunlei in the 1st quarter valued at about $197,000. 5.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Xunlei in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Xunlei currently has an average rating of “Hold”.

Xunlei Stock Performance

XNET stock opened at $6.67 on Tuesday. Xunlei Limited has a 1 year low of $1.90 and a 1 year high of $11.03. The stock has a market capitalization of $418.81 million, a price-to-earnings ratio of 0.34 and a beta of 0.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.02. The stock’s fifty day moving average is $8.06 and its two-hundred day moving average is $6.76.

Xunlei (NASDAQ:XNET) last released its quarterly earnings data on Thursday, November 13th. The software maker reported $0.07 earnings per share for the quarter. The business had revenue of $125.93 million for the quarter. Xunlei had a net margin of 315.06% and a return on equity of 2.75%.

Xunlei Company 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.