Exchange Traded Concepts LLC grew its holdings in shares of Tencent Music Entertainment Group (NYSE:TME – Free Report) by 232.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 129,170 shares of the company’s stock after buying an additional 90,329 shares during the period. Exchange Traded Concepts LLC’s holdings in Tencent Music Entertainment Group were worth $1,466,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new position in Tencent Music Entertainment Group during the 3rd quarter valued at $64,000. Avior Wealth Management LLC increased its position in shares of Tencent Music Entertainment Group by 253.8% during the third quarter. Avior Wealth Management LLC now owns 5,675 shares of the company’s stock valued at $68,000 after buying an additional 4,071 shares during the period. Caprock Group LLC bought a new position in Tencent Music Entertainment Group in the third quarter worth about $147,000. Diversify Advisory Services LLC purchased a new stake in Tencent Music Entertainment Group in the third quarter worth about $166,000. Finally, DRW Securities LLC purchased a new position in shares of Tencent Music Entertainment Group during the 3rd quarter worth approximately $169,000. Institutional investors own 24.32% of the company’s stock.
Tencent Music Entertainment Group Stock Up 1.9 %
TME stock opened at $11.81 on Tuesday. The stock has a market capitalization of $20.27 billion, a P/E ratio of 21.87, a P/E/G ratio of 0.67 and a beta of 0.69. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 2.34. Tencent Music Entertainment Group has a 1-year low of $8.88 and a 1-year high of $15.77. The business has a fifty day moving average price of $11.47 and a 200-day moving average price of $11.76.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on TME
Tencent Music Entertainment Group Company Profile
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
- Five stocks we like better than Tencent Music Entertainment Group
- 3 Fintech Stocks With Good 2021 Prospects
- Sizing Up a New Opportunity for NVIDIA Investors
- Overbought Stocks Explained: Should You Trade Them?
- Is DeepSeek Challenging NVIDIA’s AI Dominance?
- The Basics of Support and Resistance
- The 3 Biggest M&A Stock Opportunities for 2025
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.