ValuEngine cut shares of Xunlei (NASDAQ:XNET) from a buy rating to a hold rating in a report released on Friday morning.
Separately, BidaskClub downgraded shares of Xunlei from a hold rating to a sell rating in a research note on Saturday, November 17th.
Xunlei stock opened at $3.29 on Friday. Xunlei has a one year low of $3.13 and a one year high of $15.92.
Large investors have recently modified their holdings of the stock. Legal & General Group Plc acquired a new stake in Xunlei in the 3rd quarter valued at about $31,000. WINTON GROUP Ltd lifted 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 purchasing an additional 3,122 shares during the last quarter. Virtu Financial LLC acquired a new stake in Xunlei in the 3rd quarter valued at about $124,000. Fox Run Management L.L.C. acquired a new stake in Xunlei in the 3rd quarter valued at about $184,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Xunlei in the 3rd quarter valued at about $335,000. Institutional investors and hedge funds own 20.45% of the company’s stock.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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