Xunlei (XNET) Shares Down 9.1%

Xunlei Ltd (NASDAQ:XNET) shares fell 9.1% during mid-day trading on Thursday . The company traded as low as $4.41 and last traded at $4.22. 41,924 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 946,516 shares. The stock had previously closed at $4.64.

A number of research firms recently issued reports on XNET. ValuEngine lowered shares of Xunlei from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. BidaskClub lowered shares of Xunlei from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 18th.

A number of large investors have recently bought and sold shares of the stock. WINTON GROUP Ltd grew its stake in Xunlei by 12.4% in the 4th quarter. WINTON GROUP Ltd now owns 28,279 shares of the software maker’s stock valued at $96,000 after buying an additional 3,122 shares during the last quarter. Legal & General Group Plc acquired a new position in Xunlei in the 3rd quarter valued at $31,000. Vanguard Group Inc grew its stake in Xunlei by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 973,578 shares of the software maker’s stock valued at $7,068,000 after buying an additional 6,370 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Xunlei by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 111,322 shares of the software maker’s stock valued at $381,000 after buying an additional 7,208 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Xunlei by 42.7% in the 4th quarter. Geode Capital Management LLC now owns 27,553 shares of the software maker’s stock valued at $93,000 after buying an additional 8,244 shares during the last quarter. Institutional investors and hedge funds own 19.84% of the company’s stock.

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Xunlei Company Profile (NASDAQ:XNET)

Xunlei Limited, a cloud-based acceleration technology company, operates an Internet platform for digital media content in the People's Republic of China. The company's platform is based on cloud computing that enables users to access, manage, and consume digital media content. It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet; and cloud acceleration subscription services that offer users premium services through various products, such as Green Channel and Offline Accelerator.

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