After this afternoon's 1.8% surge to $19.43 per share, Tencent Music Entertainment might just keep moving past its target price of $18.88. With an average analyst rating of buy, and target prices from $14.575672 to $26.262234, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 4.6%, and a short ratio of 2.84. At 0.0%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 76.9% of Tencent Music Entertainment's shares being owned by this investor type.
Institutions Invested in Tencent Music Entertainment
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2025-03-31 | Schroder Investment Management Group | 8% | 66,457,103 | $1,291,593,761 |
| 2025-03-31 | Blackrock Inc. | 4% | 33,768,406 | $656,288,952 |
| 2025-03-31 | Vanguard Group Inc | 3% | 29,993,486 | $582,923,384 |
| 2025-03-31 | Krane Funds Advisors LLC | 3% | 23,984,629 | $466,141,251 |
| 2025-03-31 | Invesco Ltd. | 2% | 20,602,478 | $400,409,148 |
| 2025-03-31 | BAILLIE GIFFORD & CO | 2% | 20,176,398 | $392,128,284 |
| 2025-03-31 | Cantillon Capital Management LLC | 2% | 19,240,319 | $373,935,589 |
| 2025-03-31 | JPMORGAN CHASE & CO | 2% | 15,430,218 | $299,886,278 |
| 2025-03-31 | Capital World Investors | 2% | 14,058,883 | $273,234,383 |
| 2025-03-31 | Artisan Partners Limited Partnership | 2% | 14,024,758 | $272,571,164 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Tencent Music Entertainment.
