Xunlei (XNET) Shares Gap Up to $13.97
Shares of Xunlei Ltd (NASDAQ:XNET) gapped up prior to trading on Thursday . The stock had previously closed at $13.64, but opened at $13.97. Xunlei shares last traded at $14.34, with a volume of 2370204 shares.
XNET has been the subject of several recent analyst reports. BidaskClub upgraded shares of Xunlei from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. TheStreet upgraded shares of Xunlei from a “d+” rating to a “c-” rating in a research note on Monday, November 13th. Finally, ValuEngine lowered shares of Xunlei from a “hold” rating to a “sell” rating in a research note on Friday, December 1st.
The company has a market cap of $890.99, a P/E ratio of -18.09 and a beta of 1.33.
Several large investors have recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of Xunlei by 8.6% in the 2nd quarter. State Street Corp now owns 99,693 shares of the software maker’s stock worth $323,000 after buying an additional 7,880 shares during the last quarter. PEAK6 Investments L.P. purchased a new position in shares of Xunlei in the 4th quarter worth about $175,000. Kovack Advisors Inc. purchased a new position in shares of Xunlei in the 4th quarter worth about $383,000. Dimensional Fund Advisors LP boosted its holdings in shares of Xunlei by 92.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 52,378 shares of the software maker’s stock worth $223,000 after buying an additional 25,130 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its holdings in shares of Xunlei by 234.8% in the 3rd quarter. Susquehanna International Group LLP now owns 60,218 shares of the software maker’s stock worth $256,000 after buying an additional 42,230 shares during the last quarter. 11.49% of the stock is currently owned by institutional investors.
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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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