Tencent stock

tencent stock

How much did Tencent sell its sea shares?

Tencent sold its Sea shares through a block trade at US$208 per share, according to a term sheet seen by South China Morning Post. Seas shares fell 11.4 per cent overnight to a 12-month low of US$197.84 in New York, their biggest single-day percentage decline since March 12, 2020.

What are the price targets for Tencents stock?

10 brokerages have issued 12-month price targets for Tencents stock. Their forecasts range from $69.03 to $115.00. On average, they expect Tencents stock price to reach $85.37 in the next year. This suggests a possible upside of 10.6% from the stocks current price.

Did Tencent insiders buy or sell any stocks?

In the past three months, Tencent insiders have not sold or bought any company stock. Only 0.62% of the stock of Tencent is held by institutions. Earnings for Tencent are expected to grow by 8.62% in the coming year, from $1.74 to $1.89 per share.

Should you hold Tencent (tcehy) stock?

The consensus among Wall Street analysts is that investors should hold Tencent stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TCEHY, but not buy additional shares or sell existing shares. View analyst ratings for Tencent or view top-rated stocks.

Is Tencent selling its stake in sea?

Tencent is reducing its holding in Sea to 18.7%, it said in a statement, maintaining a sizeable stake in Southeast Asia’s most valuable tech company. Sea, which in November raised its e-commerce outlook for a second time in 2021, has enjoyed a post-pandemic surge in gaming and online retail worldwide.

Why did Sea shares fall 11 per cent on Tuesday?

Shares in Sea fell more than 11 per cent on Tuesday after Chinese internet group Tencent said it would sell more than $3bn of its stock in the New York-listed Singaporean gaming and ecommerce group.

Why did Tencent sell $16 billion of its JD shares?

The share sale comes less than a month after Tencent said it would hand out more than $16 billion of JD.com Inc. stock as a one-time dividend, an effort to divest most of its stake in China’s No. 2 online retailer. The surprise move was seen as being in response to Beijing’s push to curb anticompetitive behavior and open up closed ecosystems.

How much did Seasea raise in follow-on stock offering?

Sea Ltd., operator of Southeast Asia’s biggest gaming platform, has raised $1.35 billion after increasing the size of a follow-on stock offering. The Singapore-based internet company sold 60 million American depositary shares at $22.50 apiece, or about a 6.5 discount to its last close in New York. An affiliate of

Why did Tencents stock fall despite strong earnings?

Tencent s ( OTC:TCEHY) stock recently tumbled after antitrust fears overshadowed its impressive fourth-quarter earnings. The Chinese tech giants revenue rose 26% year over year to 133.7 billion yuan ($20.5 billion), beating estimates by 0.6 billion yuan.

How did Tencent Holdings perform in the first quarter?

Tencent Holdings ( TCEHY 1.26%) posted its first-quarter earnings report on May 18. The Chinese tech giant generated 135.5 billion yuan ($21.3 billion) in revenue, which stayed nearly flat from a year ago and missed analysts estimates by 5.5 billion yuan.

What is insider trading and Penny trading?

Insider trading is the buying or selling of a publicly traded companys stock by someone who has non-public, material information about that stock. A penny stock typically refers to a small companys stock that trades for less than $5 per share and trades via over-the-counter (OTC) transactions.

Is Tencent a good value at todays price?

Yet with a strong, diverse, and growing business, along with a lower stock price, Tencent looks like a solid value at todays prices, as the above concerns appear baked into its stock price. Tencent remains a pillar of the Chinese tech economy.

You can buy this long-term. Stockchase rating for Tencent Holdings Ltd is calculated according to the stock experts signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock. What is Tencent Holdings Ltd stock symbol?

What is Tencent (tcehy) stock?

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