Goldman Sachs Group Inc. decreased its holdings in Xunlei Limited (NASDAQ:XNET) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 184,707 shares of the software maker’s stock after selling 94 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Xunlei Limited were worth $598,000 at the end of the most recent quarter.

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XNET has been the subject of several analyst reports. BidaskClub upgraded shares of Xunlei Limited from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. ValuEngine upgraded shares of Xunlei Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.

Shares of Xunlei Limited (XNET) opened at $13.09 on Friday. Xunlei Limited has a one year low of $3.11 and a one year high of $13.98.

Xunlei Limited (NASDAQ:XNET) last posted its quarterly earnings data on Wednesday, August 16th. The software maker reported ($0.15) EPS for the quarter. The firm had revenue of $41.52 million during the quarter. Xunlei Limited had a negative net margin of 19.18% and a negative return on equity of 7.62%.

Xunlei Limited Profile

Xunlei Limited (Xunlei) is a cloud-based acceleration technology company. The Company operates an Internet platform in China based on cloud computing to enable users to access, manage and consume digital media content. The Company’s segment is the operation of its online media platform. The Company’s products and services include Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet, and cloud acceleration subscription services, which offer user services for speed and reliability.

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