Phoenix New Media Limited (NYSE:FENG) shares were up 5.3% on Tuesday . The stock traded as high as $6.23 and last traded at $6.21. Approximately 1,536,000 shares changed hands during mid-day trading, an increase of 278% from the average daily volume of 406,290 shares. The stock had previously closed at $5.90.

FENG has been the subject of several recent analyst reports. Macquarie upgraded Phoenix New Media Limited from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 14th. BidaskClub downgraded Phoenix New Media Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th.

The stock has a market cap of $445.30, a P/E ratio of 45.38 and a beta of 1.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.15 and a quick ratio of 2.15.

Phoenix New Media Limited (NYSE:FENG) last released its quarterly earnings results on Monday, November 13th. The information services provider reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.09. The company had revenue of $64.00 million during the quarter, compared to the consensus estimate of $61.20 million. Phoenix New Media Limited had a return on equity of 2.87% and a net margin of 4.32%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 EPS.

A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in Phoenix New Media Limited by 0.5% during the 1st quarter. Renaissance Technologies LLC now owns 1,244,500 shares of the information services provider’s stock valued at $4,343,000 after purchasing an additional 6,300 shares during the period. Dimensional Fund Advisors LP boosted its stake in Phoenix New Media Limited by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 195,901 shares of the information services provider’s stock valued at $1,153,000 after purchasing an additional 11,206 shares during the period. State Street Corp boosted its stake in Phoenix New Media Limited by 18.7% during the 2nd quarter. State Street Corp now owns 104,261 shares of the information services provider’s stock valued at $274,000 after purchasing an additional 16,457 shares during the period. JPMorgan Chase & Co. boosted its stake in Phoenix New Media Limited by 918.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,702 shares of the information services provider’s stock valued at $143,000 after purchasing an additional 22,276 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Phoenix New Media Limited by 106.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 69,544 shares of the information services provider’s stock valued at $409,000 after purchasing an additional 35,924 shares during the period. Hedge funds and other institutional investors own 13.10% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first reported by Daily Political and is the property of of Daily Political. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.dailypolitical.com/2017/11/21/phoenix-new-media-limited-feng-trading-up-5-3.html.

About Phoenix New Media Limited

Phoenix New Media Limited is a media company providing content on an integrated platform across Internet, mobile and television channels in China. The Company enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices.

Receive News & Ratings for Phoenix New Media Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix New Media Limited and related companies with MarketBeat.com's FREE daily email newsletter.