UBS Group reiterated their neutral rating on shares of Tencent Music Entertainment Group (NYSE:TME – Free Report) in a research note published on Wednesday, MarketBeat reports. The brokerage currently has a $13.00 price target on the stock, down from their prior price target of $26.00.
Other equities research analysts have also recently issued research reports about the stock. Benchmark restated a “hold” rating on shares of Tencent Music Entertainment Group in a report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and set a $23.00 price objective on shares of Tencent Music Entertainment Group in a research note on Tuesday. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $12.00 price target on shares of Tencent Music Entertainment Group in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tencent Music Entertainment Group in a report on Monday, December 29th. Finally, Morgan Stanley cut their price objective on Tencent Music Entertainment Group from $27.50 to $25.00 and set an “overweight” rating for the company in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Tencent Music Entertainment Group currently has an average rating of “Moderate Buy” and an average price target of $22.69.
Get Our Latest Stock Analysis on TME
Tencent Music Entertainment Group Price Performance
Institutional Investors Weigh In On Tencent Music Entertainment Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TME. Smartleaf Asset Management LLC bought a new stake in Tencent Music Entertainment Group during the 3rd quarter valued at $31,000. Allworth Financial LP lifted its holdings in shares of Tencent Music Entertainment Group by 63.2% during the 3rd quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock valued at $35,000 after purchasing an additional 573 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Tencent Music Entertainment Group by 5,777.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,057 shares of the company’s stock valued at $36,000 after buying an additional 2,022 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Tencent Music Entertainment Group by 1,326.5% in the 3rd quarter. Global Retirement Partners LLC now owns 1,883 shares of the company’s stock valued at $44,000 after purchasing an additional 1,751 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Tencent Music Entertainment Group in the fourth quarter worth $46,000. Institutional investors own 24.32% of the company’s stock.
Key Stories Impacting Tencent Music Entertainment Group
Here are the key news stories impacting Tencent Music Entertainment Group this week:
- Positive Sentiment: Revenue and subscriber growth beat expectations — Q4 revenue rose ~15.8% YoY driven by online music strength, and paid subscribers reached ~127.4m, showing continued top-line momentum. Tencent Music Stock Climbs After Strong Q4 Revenue
- Positive Sentiment: Some analysts remain constructive — Mizuho kept an outperform rating and raised a $23 price target, signaling a bullish view on longer-term recovery potential. Benzinga: Mizuho Outperform PT $23
- Neutral Sentiment: Unusual options activity: elevated call buying was reported, suggesting some traders are speculating on a rebound (short-term directional interest rather than consensus). (No article link)
- Neutral Sentiment: New dividend discussion — commentary about a dividend could signal evolving capital allocation priorities; investors will watch details for whether cash returns become a material buyback/dividend program. Does Tencent Musicʼs New Dividend Signal Evolving Capital Priorities?
- Negative Sentiment: Earnings per share missed estimates despite the revenue beat — EPS of $0.11 missed consensus; profitability metrics and the EPS miss undermined the headline beat. MarketBeat: Tencent Music Q4 Results
- Negative Sentiment: Change in reporting framework and weaker guidance spooked investors — management’s shift in how it discloses user metrics plus guidance misses raised transparency and AI-disruption concerns, triggering a sharp selloff. MSN: Shares Tumble After Q4 Results MarketWatch: Plunge on Guidance Miss, AI Fears
- Negative Sentiment: Analyst target cuts and mixed ratings — UBS slashed its price target from $26 to $13 (neutral), and several firms reaffirmed holds/neutral, increasing near-term downside pressure from cautious broker sentiment. StreetInsider: UBS Cuts PT
- Negative Sentiment: Investor litigation inquiry — Johnson Fistel is investigating potential claims on behalf of investors, adding regulatory/legal overhang risk. GlobeNewswire: Johnson Fistel Investigation
About Tencent Music Entertainment Group
Tencent Music Entertainment Group (NYSE: TME) is a China-based digital music and audio entertainment platform that operates a portfolio of leading music streaming and social entertainment services. Its core consumer-facing products include streaming apps, online karaoke (KTV) services and live music and entertainment broadcasts. The company monetizes its content through a mix of subscriptions, digital music sales, in-app purchases, virtual gifting, advertising and licensing arrangements with rights holders.
The company traces its roots to the consolidation of Tencent’s music assets and was established in the mid-2010s to unify several prominent music properties under a single operating entity.
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