IFM Buyers Pty Ltd Takes Place in Tencent Music Leisure Group (NYSE:TME)


IFM Buyers Pty Ltd purchased a brand new place in Tencent Music Leisure Group (NYSE:TMEGet Score) in the course of the first quarter, in line with its most up-to-date submitting with the Securities and Trade Fee (SEC). The fund purchased 35,296 shares of the corporate’s inventory, valued at roughly $172,000.

Different giant buyers have additionally just lately purchased and offered shares of the corporate. Lindbrook Capital LLC grew its holdings in Tencent Music Leisure Group by 294.8% in the course of the 4th quarter. Lindbrook Capital LLC now owns 8,251 shares of the corporate’s inventory valued at $57,000 after shopping for an extra 6,161 shares within the final quarter. Financial institution of America Corp DE elevated its place in Tencent Music Leisure Group by 2.7% within the fourth quarter. Financial institution of America Corp DE now owns 1,150,454 shares of the corporate’s inventory price $7,881,000 after buying an extra 30,133 shares over the last quarter. CALIFORNIA FIRST LEASING Corp bought a brand new stake in Tencent Music Leisure Group in the course of the fourth quarter valued at $201,000. Dimensional Fund Advisors LP lifted its place in Tencent Music Leisure Group by 21.2% in the course of the fourth quarter. Dimensional Fund Advisors LP now owns 7,502,558 shares of the corporate’s inventory valued at $51,393,000 after buying an extra 1,311,598 shares over the last quarter. Lastly, Krane Funds Advisors LLC grew its stake in shares of Tencent Music Leisure Group by 12.3% within the 4th quarter. Krane Funds Advisors LLC now owns 14,534,883 shares of the corporate’s inventory price $99,564,000 after shopping for an extra 1,589,420 shares within the final quarter.

A number of analysis analysts just lately commented on TME shares. HSBC dropped their worth goal on Tencent Music Leisure Group from $5.10 to $3.90 in a analysis report on Tuesday, Could seventeenth. The Goldman Sachs Group began protection on shares of Tencent Music Leisure Group in a analysis word on Sunday, April tenth. They issued a “promote” score and a $5.60 goal worth on the inventory. Lastly, JPMorgan Chase & Co. dropped their worth goal on shares of Tencent Music Leisure Group from $6.00 to $3.50 in a analysis word on Monday, March 14th. Two equities analysis analysts have rated the inventory with a promote score, 9 have issued a maintain score and two have assigned a purchase score to the inventory. In accordance with MarketBeat, the corporate has a consensus score of “Maintain” and a median worth goal of $9.04.

Shares of Tencent Music Leisure Group inventory opened at $5.24 on Monday. The corporate has a present ratio of two.28, a fast ratio of two.28 and a debt-to-equity ratio of 0.10. The inventory’s fifty day shifting common worth is $4.31 and its 200-day shifting common worth is $5.14. The agency has a market cap of $8.79 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.69 and a beta of 0.84. Tencent Music Leisure Group has a 12 month low of $2.95 and a 12 month excessive of $15.50.

Tencent Music Leisure Group (NYSE:TMEGet Score) final posted its quarterly earnings outcomes on Monday, Could sixteenth. The corporate reported $0.54 EPS for the quarter, beating the consensus estimate of $0.06 by $0.48. The enterprise had income of $6.64 billion in the course of the quarter, in comparison with analyst estimates of $6.65 billion. Tencent Music Leisure Group had a internet margin of 9.01% and a return on fairness of 6.21%. The corporate’s quarterly income was down 15.1% in comparison with the identical quarter final yr. Throughout the identical quarter within the earlier yr, the enterprise posted $0.09 EPS. Analysts forecast that Tencent Music Leisure Group will publish 0.23 earnings per share for the present yr.

Tencent Music Leisure Group Firm Profile (Get Score)

Tencent Music Leisure Group operates on-line music leisure platforms to supply music streaming, on-line karaoke, and dwell streaming companies within the Folks’s Republic of China. It provides QQ Music, Kugou Music, and Kuwo Music that allow customers to find and hearken to music in customized methods; and WeSing, which permits customers to have enjoyable by singing and interacting with pals, sharing their singing performances with pals, and discovering songs that others have sung.

Learn Extra

Wish to see what different hedge funds are holding TME? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Tencent Music Leisure Group (NYSE:TMEGet Score).

Institutional Ownership by Quarter for Tencent Music Entertainment Group (NYSE:TME)

Need Extra Nice Investing Concepts?

Obtain Information & Scores for Tencent Music Leisure Group Day by day – Enter your electronic mail tackle under to obtain a concise day by day abstract of the newest information and analysts’ scores for Tencent Music Leisure Group and associated corporations with MarketBeat.com’s FREE day by day electronic mail e-newsletter.



Supply hyperlink

Previous post Probably the most daring seems celebrities wore to the 2022 Essence Competition to date
Next post Teresa Giudice’s Daughter Rumored to Be Acting at Her Wedding ceremony