BidaskClub Lowers Xunlei (XNET) to Buy

BidaskClub cut shares of Xunlei (NASDAQ:XNET) from a strong-buy rating to a buy rating in a report issued on Saturday.

XNET has been the topic of several other reports. TheStreet upgraded shares of Xunlei from a d+ rating to a c- rating in a research report on Monday, November 13th. ValuEngine downgraded shares of Xunlei from a hold rating to a sell rating in a research report on Friday, December 1st.

Shares of Xunlei (NASDAQ XNET) opened at $13.71 on Friday. Xunlei has a 1 year low of $3.11 and a 1 year high of $27.00.

A number of large investors have recently bought and sold shares of the stock. State Street Corp boosted its position in Xunlei by 8.6% during the 2nd quarter. State Street Corp now owns 99,693 shares of the software maker’s stock worth $323,000 after buying an additional 7,880 shares during the period. JPMorgan Chase & Co. acquired a new stake in Xunlei during the 3rd quarter worth approximately $300,000. Susquehanna International Group LLP boosted its position in Xunlei by 234.8% during the 3rd quarter. Susquehanna International Group LLP now owns 60,218 shares of the software maker’s stock worth $256,000 after buying an additional 42,230 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Xunlei by 92.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 52,378 shares of the software maker’s stock worth $223,000 after buying an additional 25,130 shares during the period. Institutional investors and hedge funds own 11.45% of the company’s stock.

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About Xunlei

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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