Investors Purchase Large Volume of Xunlei Call Options (NASDAQ:XNET)

Xunlei Limited (NASDAQ:XNET) was the target of some unusual options trading activity on Thursday. Investors acquired 3,896 call options on the company. This represents an increase of 518% compared to the average daily volume of 630 call options.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Xunlei from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Securities LLC purchased a new position in shares of Xunlei in the 4th quarter valued at about $36,000. Russell Investments Group Ltd. acquired a new stake in Xunlei in the fourth quarter valued at approximately $52,000. Sei Investments Co. purchased a new position in Xunlei in the fourth quarter worth approximately $53,000. Marshall Wace LLP acquired a new position in Xunlei during the 4th quarter worth approximately $84,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Xunlei in the 3rd quarter valued at approximately $109,000. 5.07% of the stock is owned by institutional investors and hedge funds.

Xunlei Price Performance

XNET opened at $5.07 on Friday. The stock’s 50-day moving average price is $3.25 and its 200 day moving average price is $2.39. Xunlei has a 12-month low of $1.45 and a 12-month high of $5.52. The firm has a market cap of $321.40 million, a price-to-earnings ratio of 22.04 and a beta of 1.04. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04.

Xunlei (NASDAQ:XNET) last announced its earnings results on Thursday, March 13th. The software maker reported $0.17 earnings per share for the quarter. The firm had revenue of $84.30 million for the quarter. Xunlei had a net margin of 4.65% and a return on equity of 4.47%.

Xunlei Company Profile

Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.