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

China Universal Asset Management Co. Ltd. purchased a new position in shares of Xunlei Limited (NASDAQ:XNET) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 75,500 shares of the software maker’s stock, valued at approximately $306,000.

A number of other large investors also recently modified their holdings of the business. Jane Street Group LLC lifted its holdings in Xunlei by 827.1% in the second quarter. Jane Street Group LLC now owns 88,917 shares of the software maker’s stock worth $360,000 after purchasing an additional 101,146 shares during the period. Marshall Wace LLP bought a new stake in shares of Xunlei during the 2nd quarter worth about $219,000. Walleye Capital LLC acquired a new stake in shares of Xunlei in the 2nd quarter worth approximately $51,000. XTX Topco Ltd boosted its holdings in shares of Xunlei by 244.1% in the second quarter. XTX Topco Ltd now owns 75,032 shares of the software maker’s stock valued at $304,000 after acquiring an additional 53,226 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Xunlei by 314.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 196,328 shares of the software maker’s stock valued at $795,000 after acquiring an additional 148,982 shares during the period. 5.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Xunlei in a report on Monday, December 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Xunlei Stock Performance

NASDAQ:XNET opened at $6.67 on Tuesday. The company has a 50-day moving average of $8.06 and a 200-day moving average of $6.76. The firm has a market cap of $418.81 million, a price-to-earnings ratio of 0.34 and a beta of 0.97. The company has a current ratio of 2.02, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. Xunlei Limited has a twelve month low of $1.90 and a twelve month high of $11.03.

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

About Xunlei

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.