Dimensional Fund Advisors LP raised its stake in Xunlei Ltd (NASDAQ:XNET) by 92.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 52,378 shares of the software maker’s stock after acquiring an additional 25,130 shares during the period. Dimensional Fund Advisors LP’s holdings in Xunlei were worth $223,000 as of its most recent SEC filing.

Separately, JPMorgan Chase & Co. bought a new position in Xunlei in the third quarter valued at approximately $300,000. 11.49% of the stock is currently owned by hedge funds and other institutional investors.

Xunlei Ltd (XNET) opened at $12.61 on Tuesday. Xunlei Ltd has a one year low of $3.11 and a one year high of $27.00. The firm has a market cap of $805.16, a P/E ratio of -17.04 and a beta of 1.33.

Xunlei (NASDAQ:XNET) last announced its quarterly earnings results on Thursday, November 16th. The software maker reported ($0.38) earnings per share for the quarter. Xunlei had a negative net margin of 29.18% and a negative return on equity of 12.38%.

A number of research analysts have weighed in on the stock. ValuEngine raised shares of Xunlei from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. BidaskClub lowered shares of Xunlei from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Finally, TheStreet raised shares of Xunlei from a “d+” rating to a “c-” rating in a research note on Monday, November 13th.

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Xunlei Profile

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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Institutional Ownership by Quarter for Xunlei (NASDAQ:XNET)

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