Marathon Asset Management Sells Tencent Music Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy TME?
Source: Fool
- Share Sale Overview: Marathon Asset Management disclosed the sale of 559,011 shares of Tencent Music in Q4, with an estimated transaction value of $11.34 million, reflecting the firm's asset allocation strategy amid market volatility.
- Position Value Change: Following the sale, the value of Tencent Music's position decreased by $26.44 million, indicating dynamic adjustments in the investment portfolio due to stock price fluctuations and sales activity.
- Financial Performance Highlights: Tencent Music reported over 20% year-over-year revenue growth in the latest quarter, driven by a rapidly growing subscription base and increased average revenue per paying user, showcasing the company's strong execution in the digital music market.
- Portfolio Management Strategy: This share sale is not a negative reflection on Tencent Music's business but rather indicates Marathon's capital reallocation towards diversified global investments, emphasizing its focus on larger tech stocks.
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Analyst Views on TME
Wall Street analysts forecast TME stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TME is 26.13 USD with a low forecast of 21.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 15.930
Low
21.00
Averages
26.13
High
29.00
Current: 15.930
Low
21.00
Averages
26.13
High
29.00
About TME
Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Marathon Asset Management Sells Tencent Music Shares
- Share Sale Overview: Marathon Asset Management disclosed the sale of 559,011 shares of Tencent Music in Q4, with an estimated transaction value of $11.34 million, reflecting the firm's asset allocation strategy amid market volatility.
- Position Value Change: Following the sale, the value of Tencent Music's position decreased by $26.44 million, indicating dynamic adjustments in the investment portfolio due to stock price fluctuations and sales activity.
- Financial Performance Highlights: Tencent Music reported over 20% year-over-year revenue growth in the latest quarter, driven by a rapidly growing subscription base and increased average revenue per paying user, showcasing the company's strong execution in the digital music market.
- Portfolio Management Strategy: This share sale is not a negative reflection on Tencent Music's business but rather indicates Marathon's capital reallocation towards diversified global investments, emphasizing its focus on larger tech stocks.
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Marathon Asset Management Sells Tencent Music Shares
- Share Sale Overview: Marathon Asset Management disclosed the sale of 559,011 shares of Tencent Music in Q4, with an estimated transaction value of $11.34 million, reflecting the firm's asset allocation strategy amid market volatility.
- Position Value Change: Following the sale, the value of Tencent Music's position decreased by $26.44 million, indicating dynamic adjustments in the investment portfolio due to stock price fluctuations and sales activity.
- Financial Performance Highlights: Tencent Music reported over 20% year-over-year revenue growth in the latest quarter, driven by a rapidly growing subscription base and increased average revenue per paying user, showcasing the company's strong execution in the digital music market.
- Portfolio Management Strategy: This share sale is not a negative reflection on Tencent Music's business but rather indicates Marathon's capital reallocation towards diversified global investments, emphasizing its focus on larger tech stocks.
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- AI Adoption Trends: In 2025, enterprise adoption of AI is expected to increase significantly, with many companies transitioning from pilot projects to more selective AI applications, which is likely to enhance operational efficiency and drive revenue growth.
- Rise of Agentic AI: Prosus CEO Fabricio Bloisi stated that the company currently operates 30,000 AI agents, and within the next five years, there could be companies fully run by these agents, highlighting the potential of AI in business operations.
- Geopolitical Impact: At the World Economic Forum, experts noted that geopolitical uncertainties will have a significant impact on AI development, potentially acting as both an accelerator and a deterrent to technological progress.
- Future of Physical AI: Physical AI is seen as the next wave of technology, with EY's Sharma estimating its market size could reach five to six times that of agentic AI within five to six years, indicating rapid growth potential in this area.
See More
Asian Equities Surge as American Depositary Receipts Rise Sharply
- Market Recovery: On Wednesday, Asian equities showed strong performance during US trading hours, particularly with American Depositary Receipts (ADRs) rising sharply, indicating a rebound in investor confidence that could drive related companies' stock prices higher.
- Improved Investor Sentiment: The surge in ADRs reflects a notable improvement in market sentiment, suggesting that investors are optimistic about global economic recovery, which may lead to increased capital inflows into Asian markets.
- Increased Trading Volume: The strong performance of ADRs was accompanied by a significant increase in trading volume, indicating a rising interest among market participants in Asian companies, potentially resulting in higher liquidity and better market pricing.
- Positive Future Outlook: Analysts suggest that the upward trend in Asian equities may continue, especially against the backdrop of global economic recovery, prompting investors to focus more on investment opportunities in the Asian market.
See More
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- Agentic Commerce Transformation: Alibaba's update to the Qwen AI chatbot allows users to complete transactions directly within the interface, including food ordering and flight bookings, enhancing user experience and integration within its e-commerce ecosystem.
- Increased User Stickiness: By connecting Qwen to platforms like Taobao and Fliggy, users can compare personalized product recommendations and complete payments without leaving the chatbot, thereby improving long-term user engagement and loyalty.
- Competitive Advantage Building: Alibaba's leading position in agentic commerce is bolstered by its advanced large language model capabilities and extensive e-commerce network, positioning it favorably against rivals like Tencent's WeChat.
- Global Market Dynamics: While U.S. firms lead in foundational AI models, their integration is hampered by privacy and data restrictions, allowing Chinese companies to rapidly advance agentic commerce applications through integrated ecosystems and rich user data.
See More
Alibaba Upgrades Qwen AI, Pioneering New Agentic Commerce Model
- Transformation to Agentic Commerce: Alibaba's recent upgrade of the Qwen AI chatbot allows users to complete transactions directly within the interface, including food ordering and flight bookings, significantly enhancing user experience and integration within its e-commerce ecosystem.
- Increased User Stickiness: By connecting Qwen to platforms like Taobao and Fliggy, users can compare personalized product recommendations and complete payments without leaving the chatbot, thereby boosting long-term user engagement and loyalty.
- Building Competitive Advantage: With advanced large language model capabilities and a comprehensive e-commerce network covering clothing, food, housing, and transportation, Alibaba is well-positioned to lead in agentic commerce, creating a sustainable competitive moat.
- Intensifying Global Competition: As companies like ByteDance and Tencent rapidly advance their AI assistant integrations, Alibaba's strategy will help it maintain a competitive edge against super apps like WeChat, ensuring its dominance in the Chinese market.
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- Price Fluctuation Analysis: VWO ETF's 52-week low stands at $39.53, with a high of $56.04, and a last trade at $55.26, indicating significant price volatility over the past year, reflecting market interest in its potential value.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average provides investors with valuable technical insights, aiding in better market trend understanding and investment timing.
- ETF Trading Mechanism: ETFs trade similarly to stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the underlying holdings of the ETF.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing notable inflows or outflows, as such liquidity changes can significantly affect the individual stocks held within the ETFs.
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