Eqis Capital Management Inc. Trims Stake in NetEase Inc (NASDAQ:NTES)

Eqis Capital Management Inc. lowered its holdings in NetEase Inc (NASDAQ:NTES) by 3.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,947 shares of the technology company’s stock after selling 61 shares during the quarter. Eqis Capital Management Inc.’s holdings in NetEase were worth $518,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Comgest Global Investors S.A.S. raised its holdings in shares of NetEase by 30.5% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 2,019,243 shares of the technology company’s stock valued at $537,481,000 after buying an additional 471,970 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of NetEase by 14.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,884,467 shares of the technology company’s stock valued at $481,990,000 after buying an additional 231,581 shares during the period. William Blair Investment Management LLC raised its holdings in shares of NetEase by 29.7% in the 2nd quarter. William Blair Investment Management LLC now owns 896,349 shares of the technology company’s stock valued at $229,233,000 after buying an additional 204,989 shares during the period. Genesis Investment Management LLP purchased a new stake in shares of NetEase in the 3rd quarter valued at $213,275,000. Finally, Coatue Management LLC purchased a new stake in shares of NetEase in the 2nd quarter valued at $209,549,000. Institutional investors own 48.30% of the company’s stock.

Several equities research analysts recently issued reports on the company. Tigress Financial assumed coverage on NetEase in a report on Friday, August 16th. They issued a “buy” rating on the stock. Barclays boosted their price objective on NetEase from $320.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Zacks Investment Research upgraded NetEase from a “hold” rating to a “buy” rating and set a $238.00 price target on the stock in a report on Thursday, August 8th. BidaskClub upgraded NetEase from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, Nomura upped their price target on NetEase from $288.00 to $317.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $289.21.

Shares of NASDAQ NTES opened at $289.68 on Friday. The stock’s 50-day moving average is $278.97 and its two-hundred day moving average is $263.15. NetEase Inc has a 1-year low of $209.01 and a 1-year high of $309.24. The company has a market cap of $37.78 billion, a price-to-earnings ratio of 42.17, a price-to-earnings-growth ratio of 0.86 and a beta of 0.81.

About NetEase

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

Further Reading: Bond

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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