Assenagon Asset Management S.A. acquired a new position in Tencent Music <a s stock, valued at approximately $15,122,000. Assenagon Asset Management S.A. owned 0.12% of Tencent Music Entertainment Group in the 3rd quarter worth $98,000. Farther Finance Advisors LLC increased its holdings in Tencent Music Entertainment Group by 76.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 19,418 shares of the company’s stock valued at $154,000 after acquiring an additional 8,418 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Tencent Music Entertainment Group by 10.9% in the 2nd quarter. QRG Capital Management Inc. now owns 12,809 shares of the company’s stock worth $107,000 after purchasing an additional 1,255 shares in the last quarter. Twin Peaks Capital Ltd lifted its stake in Tencent Music Entertainment Group by 275.0% in the 2nd quarter. Twin Peaks Capital Ltd now owns 300,000 shares of the company’s stock worth $2,505,000 after purchasing an additional 220,000 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Tencent Music Entertainment Group by 230.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 71,852 shares of the company’s stock valued at $600,000 after purchasing an additional 50,124 shares during the last quarter. Hedge funds and other institutional investors own 24.32% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. UBS Group set a $15.00 price objective on Tencent Music Entertainment Group in a research report on Wednesday, August 12th.
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