Tencent Music Entertainment Group Sponsored ADR $TME Shares Sold by LSV Asset Management

Posted by Francis Steltz on May 27th, 2026

LSV Asset Management trimmed its holdings in shares of Tencent Music Entertainment Group Sponsored ADR (NYSE:TME – Free Report) by 74.5% during the fourth quarter, Holdings Channel reports. The firm owned 229,094 shares of the company’s stock after selling 667,584 shares during the quarter. LSV Asset Management’s holdings in Tencent Music Entertainment Group were worth $4,016,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of TME. Smartleaf Asset Management LLC bought a new position in shares of Tencent Music Entertainment Group during the third quarter worth about $31,000. Allworth Financial LP grew its position in shares of Tencent Music Entertainment Group by 63.2% during the third quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $35,000 after acquiring an additional 573 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Tencent Music Entertainment Group by 137.4% during the third quarter. Jones Financial Companies Lllp now owns 2,414 shares of the company’s stock worth $57,000 after acquiring an additional 1,397 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Tencent Music Entertainment Group by 83.0% during the second quarter. EverSource Wealth Advisors LLC now owns 3,005 shares of the company’s stock worth $59,000 after acquiring an additional 1,363 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Tencent Music Entertainment Group by 69.3% during the third quarter. Hantz Financial Services Inc. now owns 4,087 shares of the company’s stock worth $95,000 after acquiring an additional 1,673 shares during the last quarter. 24.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on TME shares. JPMorgan Chase & Co. lowered their price target on shares of Tencent Music Entertainment Group from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Daiwa Securities Group restated a “hold” rating and set a $12.00 price target on shares of Tencent Music Entertainment Group in a research report on Wednesday, March 18th. UBS Group restated a “neutral” rating and set a $13.00 price target (down from $26.00) on shares of Tencent Music Entertainment Group in a research report on Wednesday, March 18th. Zacks Research upgraded shares of Tencent Music Entertainment Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Mizuho lowered their price target on shares of Tencent Music Entertainment Group from $23.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tencent Music Entertainment Group presently has a consensus rating of “Hold” and a consensus price target of $21.44.

Check Out Our Latest Report on Tencent Music Entertainment Group

Tencent Music Entertainment Group Stock Performance

Shares of TME opened at $9.23 on Wednesday. The firm has a 50-day moving average price of $9.53 and a 200 day moving average price of $14.40. The firm has a market capitalization of $14.30 billion, a PE ratio of 11.54, a P/E/G ratio of 0.57 and a beta of 0.81. The company has a quick ratio of 2.08, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. Tencent Music Entertainment Group Sponsored ADR has a 52-week low of $8.44 and a 52-week high of $26.70.

Tencent Music Entertainment Group (NYSE:TME – Get Free Report) last announced its earnings results on Tuesday, March 31st. The company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $1.15 billion during the quarter. Tencent Music Entertainment Group had a net margin of 26.45% and a return on equity of 11.20%. On average, sell-side analysts anticipate that Tencent Music Entertainment Group Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

Tencent Music Entertainment Group Increases Dividend

The business also recently announced an annual dividend, which was paid on Thursday, April 23rd. Investors of record on Thursday, April 2nd were given a $0.24 dividend. The ex-dividend date was Thursday, April 2nd. This represents a yield of 262.0%. This is a boost from Tencent Music Entertainment Group’s previous annual dividend of $0.18. Tencent Music Entertainment Group’s payout ratio is currently 28.75%.

Tencent Music Entertainment Group Profile

(Free Report)

Tencent Music Entertainment Group (NYSE: TME) is a China-based digital music and audio entertainment platform that operates a portfolio of leading music streaming and social entertainment services. Its core consumer-facing products include streaming apps, online karaoke (KTV) services and live music and entertainment broadcasts. The company monetizes its content through a mix of subscriptions, digital music sales, in-app purchases, virtual gifting, advertising and licensing arrangements with rights holders.

The company traces its roots to the consolidation of Tencent’s music assets and was established in the mid-2010s to unify several prominent music properties under a single operating entity.