Xunlei (XNET) Shares Down 7.2%

Xunlei Ltd (NASDAQ:XNET) shares were down 7.2% during mid-day trading on Friday . The company traded as low as $3.61 and last traded at $3.63. Approximately 609,027 shares traded hands during trading, a decline of 36% from the average daily volume of 957,052 shares. The stock had previously closed at $3.91.

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

Xunlei (NASDAQ:XNET) last issued its earnings results on Thursday, March 7th. The software maker reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $41.98 million during the quarter. Xunlei had a negative return on equity of 10.77% and a negative net margin of 17.03%.



A number of institutional investors have recently modified their holdings of the business. WINTON GROUP Ltd raised its holdings in Xunlei by 12.4% in the fourth quarter. WINTON GROUP Ltd now owns 28,279 shares of the software maker’s stock worth $96,000 after buying an additional 3,122 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Xunlei in the third quarter worth approximately $31,000. Vanguard Group Inc grew its stake in shares of Xunlei by 0.7% in the third quarter. Vanguard Group Inc now owns 973,578 shares of the software maker’s stock worth $7,068,000 after acquiring an additional 6,370 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Xunlei by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 111,322 shares of the software maker’s stock worth $381,000 after acquiring an additional 7,208 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Xunlei by 42.7% in the fourth quarter. Geode Capital Management LLC now owns 27,553 shares of the software maker’s stock worth $93,000 after acquiring an additional 8,244 shares during the period. 17.56% of the stock is owned by institutional investors and hedge funds.

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About Xunlei (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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