International Value Advisers LLC reduced its holdings in Phoenix New Media Ltd (NYSE:FENG) by 30.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,830,818 shares of the information services provider’s stock after selling 1,249,434 shares during the quarter. International Value Advisers LLC owned about 3.95% of Phoenix New Media worth $18,372,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of FENG. Renaissance Technologies LLC raised its holdings in Phoenix New Media by 17.5% during the fourth quarter. Renaissance Technologies LLC now owns 1,532,700 shares of the information services provider’s stock worth $9,947,000 after purchasing an additional 228,500 shares during the last quarter. Sylebra HK Co Ltd acquired a new position in Phoenix New Media during the third quarter worth $5,617,000. BlackRock Inc. raised its holdings in shares of Phoenix New Media by 125.6% in the fourth quarter. BlackRock Inc. now owns 511,348 shares of the information services provider’s stock worth $3,318,000 after acquiring an additional 284,672 shares during the last quarter. Bogle Investment Management L P DE acquired a new position in shares of Phoenix New Media in the fourth quarter worth $2,333,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Phoenix New Media by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 195,901 shares of the information services provider’s stock worth $1,153,000 after acquiring an additional 11,206 shares during the last quarter. 16.78% of the stock is owned by institutional investors and hedge funds.
Separately, Macquarie raised Phoenix New Media from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 14th.
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Phoenix New Media Profile
Phoenix New Media Limited is a media company providing content on an integrated platform across Internet, mobile and television channels in China. The Company enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices.
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