Netease INC (NTES) Shareholder Mirae Asset Global Investments Has Trimmed Position as Stock Rose

Mirae Asset Global Investments decreased its stake in Netease Inc (NTES) by 39.05% based on its latest 2018Q3 regulatory filing with the SEC. Mirae Asset Global Investments sold 45,536 shares as the company’s stock rose 25.71% while stock markets declined. The institutional investor held 71,077 shares of the miscellaneous company at the end of 2018Q3, valued at $16.21 million, down from 116,613 at the end of the previous reported quarter. Mirae Asset Global Investments who had been investing in Netease Inc for a number of months, seems to be less bullish one the $32.45 billion market cap company. The stock increased 3.86% or $9.18 during the last trading session, reaching $247.09. About 888,803 shares traded. NetEase, Inc. (NASDAQ:NTES) has declined 26.07% since December 12, 2017 and is downtrending. It has underperformed by 26.07% the S&P500.

Mirae Asset Global Investments, which manages about $4.74B and $13.54B US Long portfolio, upped its stake in Ishares Tr (EEM) by 201,910 shares to 218,410 shares, valued at $9.37 million in 2018Q3, according to the filing. It also increased its holding in Facebook Inc (NASDAQ:FB) by 172,127 shares in the quarter, for a total of 535,052 shares, and has risen its stake in Emerson Elec Co (NYSE:EMR).

Analysts await NetEase, Inc. (NASDAQ:NTES) to report earnings on February, 6. They expect $2.36 earnings per share, up 58.39 % or $0.87 from last year’s $1.49 per share. NTES’s profit will be $309.94 million for 26.17 P/E if the $2.36 EPS becomes a reality. After $1.80 actual earnings per share reported by NetEase, Inc. for the previous quarter, Wall Street now forecasts 31.11 % EPS growth.

More notable recent NetEase, Inc. (NASDAQ:NTES) news were published by: Seekingalpha.com which released: “NetEase +3.3% amid revenue growth in games, newer segments – Seeking Alpha” on November 14, 2018, also Nasdaq.com with their article: “The Hottest Tech and Chinese Stock Earnings Charts This Week – Nasdaq” published on November 14, 2018, Nasdaq.com published: “Nasdaq 100 Movers: PEP, INCY – Nasdaq” on December 12, 2018. More interesting news about NetEase, Inc. (NASDAQ:NTES) were released by: Seekingalpha.com and their article: “NetEase Eases Into A Decent Quarter – Seeking Alpha” published on November 27, 2018 as well as Seekingalpha.com‘s news article titled: “NetEase, Inc 2018 Q3 – Results – Earnings Call Slides – Seeking Alpha” with publication date: November 20, 2018.

NetEase, Inc. (NASDAQ:NTES) Ratings Coverage

Among 5 analysts covering NetEase (NASDAQ:NTES), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. NetEase had 9 analyst reports since July 3, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Friday, August 10 by Nomura. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, July 3 report. The stock of NetEase, Inc. (NASDAQ:NTES) earned “Overweight” rating by Morgan Stanley on Thursday, December 6. The company was maintained on Thursday, August 30 by Barclays Capital. Barclays Capital maintained it with “Equal-Weight” rating and $270 target in Friday, November 16 report. The stock of NetEase, Inc. (NASDAQ:NTES) earned “Equal-Weight” rating by Barclays Capital on Monday, July 30. The rating was maintained by JP Morgan on Friday, August 10 with “Overweight”. The rating was maintained by Nomura with “Buy” on Friday, November 16. The company was upgraded on Friday, September 21 by Jefferies.

NetEase, Inc. (NASDAQ:NTES) Ratings Chart

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