According to Zacks, “Phoenix New Media Limited provides premium content on an integrated platform across Internet, mobile and TV channels in China. The Company provides global news coverage, investigative reports and in-depth analysis of events in compelling presentation formats. It enable consumers to access professional news and other quality content and share user-generated content, or UGC, on the Internet and through their mobile devices. Phoenix New Media Limited is a subsidiary of Phoenix Satellite Television (B.V.I.) Holding Limited and is based in Beijing, the Peoples’ Republic of China. “
Other equities analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. TheStreet upgraded shares of SUMMIT THERAPEU/S from a d rating to a c- rating in a research note on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $9.05.
Phoenix New Media (NYSE:FENG) last posted its quarterly earnings results on Monday, May 13th. The information services provider reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.24). The business had revenue of $42.45 million during the quarter. Phoenix New Media had a negative return on equity of 4.04% and a negative net margin of 9.15%. Equities research analysts predict that Phoenix New Media will post 0.09 EPS for the current year.
Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC acquired a new position in shares of Phoenix New Media during the fourth quarter worth $137,000. Millennium Management LLC grew its stake in shares of Phoenix New Media by 232.6% during the fourth quarter. Millennium Management LLC now owns 94,661 shares of the information services provider’s stock worth $303,000 after purchasing an additional 66,198 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Phoenix New Media by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 254,498 shares of the information services provider’s stock worth $813,000 after purchasing an additional 3,813 shares in the last quarter. FIL Ltd grew its stake in shares of Phoenix New Media by 6.3% during the first quarter. FIL Ltd now owns 1,738,091 shares of the information services provider’s stock worth $7,317,000 after purchasing an additional 103,531 shares in the last quarter. Finally, International Value Advisers LLC grew its stake in shares of Phoenix New Media by 26.7% during the first quarter. International Value Advisers LLC now owns 4,168,723 shares of the information services provider’s stock worth $17,550,000 after purchasing an additional 878,139 shares in the last quarter. Hedge funds and other institutional investors own 15.62% of the company’s stock.
About Phoenix New Media
Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.
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