Xunlei (XNET) Raised to “Buy” at BidaskClub

Xunlei (NASDAQ:XNET) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, December 29th.

A number of other analysts have also recently weighed in on XNET. ValuEngine raised shares of Xunlei from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. TheStreet raised shares of Xunlei from a “d+” rating to a “c-” rating in a report on Monday, November 13th.

Xunlei (NASDAQ XNET) opened at $16.63 on Friday. The company has a market cap of $1,110.00, a price-to-earnings ratio of -22.47 and a beta of 1.45. Xunlei has a 52 week low of $3.11 and a 52 week high of $27.00.

Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased 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 acquiring an additional 7,880 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Xunlei in the 3rd quarter worth about $300,000. Susquehanna International Group LLP increased 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 acquiring an additional 42,230 shares during the period. Finally, Dimensional Fund Advisors LP increased 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 acquiring an additional 25,130 shares during the period. 11.45% of the stock is currently owned by institutional investors and hedge funds.

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Xunlei Company 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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