Beginner's Guide to Trading TENCENT Stocks: Step-by-Step Instructions
TENCENT Company Overview
Tencent uses technology to enrich the lives of internet users. The company's social networking and messaging platforms WeChat and QQ connect users to a diverse range of digital content, including games, videos, music, and literature. Tencent's self-developed target user targeting technology helps advertisers reach hundreds of millions of Chinese consumers. In terms of infrastructure services, Tencent provides different products in the fields of mobile payments, network security, cloud services, and artificial intelligence to promote business growth for partners. Tencent invests heavily in talents and promotes technological innovation in order to develop together with the Internet industry.
Tencent was founded in 1998 in Shenzhen, China. Tencent Holdings (00700.HK) is listed on the main board of the Hong Kong Stock Exchange.
How To Buy TENCENT Stocks & Shares
Step 1: Opening a Brokerage Account
To start trading stocks, the initial step is to acquire a brokerage account. When choosing an online stock brokerage, there are two critical factors to consider: brokerage offerings and a user-friendly platform. Futubull app would be helpful.
Step 2: Deciding how many shares to buy
To gain initial experience, it's wise to paper trade using a stock market simulator. Alternatively, start with a small investment amount.
Step 3: Buying stocks using the right order type
To master stock buying, it's essential to understand three critical order types: market orders, limit orders, and stop orders.
Step 4: Placing the stock order with your brokerage
TENCENT's Stock Price Performance
Data as of: Aug 2, 2024
- Last 1 Month: +3.16%
- Last 6 Months: +32.46%
- Last 1 Year: +7.53%
- YTD: +25.98%
Institutional holdings of TENCENT stock?
Holder | Shares Held | Shares Held (%) | Change (Shares) | Change (%) |
|---|---|---|---|---|
| Naspers Limited | 2,366,821,000 | 25.77% | 0 | +0.00% |
| The Vanguard | 250,923,797 | 2.73% | 4,645,229 | +0.05% |
| BlackRock | 218,254,635 | 2.38% | -1,094,134 | -0.01% |
| Capital Research | 109,855,776 | 1.20% | 32,780,617 | +0.36% |
| Norges Bank Investment Management | 103,349,392 | 1.13% | 0 | +0.00% |
| Ma Huateng Global Foundation, Endowment Arm | 95,000,000 | 1.03% | 0 | +0.00% |
| J.P. Morgan Asset Management, Inc. | 71,248,586 | 0.78% | 675,077 | +0.01% |
| E Fund Management Co., Ltd. | 70,062,843 | 0.76% | 10 | +0.00% |
| FMR | 68,003,955 | 0.74% | 873,963 | +0.01% |
| Baillie Gifford | 46,477,289 | 0.51% | -5,845,897 | -0.06% |
The institutional holding data provided indicates a certain level of market confidence and stability in TENCENT's stock performance. Major institutions like Naspers Limited and The Vanguard holding substantial shares with minimal changes suggest a long-term trust and commitment to TENCENT. However, reductions by institutions such as BlackRock and Baillie Gifford may reflect uncertainties or strategic adjustments regarding TENCENT's future performance. Overall, the movements and changes in shareholding percentages by institutional investors offer crucial insights into the market sentiment towards TENCENT.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty. Read More
