1 week Ago By ABMN Staff
Wellington Management Group LLP trimmed its holdings in shares of Tencent Music Entertainment Group ( NYSE:TME – Free Report ) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 374,884 shares of the company’s stock after selling 1,611 shares during the quarter.
Wellington Management Group LLP’s holdings in Tencent Music Entertainment Group were worth $4,255,000 at the end of the most recent reporting period. A number of other large investors have also recently made changes to their positions in the stock. Mawer Investment Management Ltd.
boosted its position in Tencent Music Entertainment Group by 152.2% in the 4th quarter. Mawer Investment Management Ltd.
now owns 11,467,410 shares of the company’s stock valued at $130,155,000 after buying an additional 6,919,574 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Tencent Music Entertainment Group by 6.7% in the fourth quarter.
Schroder Investment Management Group now owns 63,064,552 shares of the company’s stock valued at $715,783,000 after purchasing an additional 3,987,116 shares during the period. Ramirez Asset Management Inc. bought a new position in Tencent Music Entertainment Group in the fourth quarter worth approximately $1,237,000.
Pictet Asset Management Holding SA increased its holdings in Tencent Music Entertainment Group by 0.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 795,398 shares of the company’s stock worth $9,028,000 after purchasing an additional 5,233 shares during the period.
Finally, Norges Bank bought a new stake in Tencent Music Entertainment Group during the 4th quarter valued at $99,539,000. 24.32% of the stock is owned by hedge funds and other institutional investors.
Tencent Music Entertainment Group Price Performance NYSE TME opened at $12.22 on Friday. Tencent Music Entertainment Group has a 12-month low of $9.
41 and a 12-month high of $15.77. The firm’s fifty day simple moving average is $13.
18 and its two-hundred day simple moving average is $12.21. The company has a current ratio of 2.
34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.09.
The firm has a market capitalization of $20.96 billion, a P/E ratio of 22.62, a P/E/G ratio of 0.
77 and a beta of 0.50. Tencent Music Entertainment Group Increases Dividend Wall Street Analyst Weigh In Several equities analysts have recently commented on TME shares.
Mizuho raised their price target on Tencent Music Entertainment Group from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, March 19th.
Deutsche Bank Aktiengesellschaft upgraded shares of Tencent Music Entertainment Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 26th. Nomura Securities upgraded shares of Tencent Music Entertainment Group to a “strong-buy” rating in a research note on Tuesday. Finally, Morgan Stanley reissued an “overweight” rating on shares of Tencent Music Entertainment Group in a report on Tuesday, March 18th.
Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.
Check Out Our Latest Report on Tencent Music Entertainment Group Tencent Music Entertainment Group Company Profile ( Free Report ) Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. Featured Stories Want to see what other hedge funds are holding TME? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Tencent Music Entertainment Group ( NYSE:TME – Free Report ). Receive News & Ratings for Tencent Music Entertainment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tencent Music Entertainment Group and related companies with MarketBeat.com's FREE daily email newsletter .
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