Macquarie Group Ltd. Has $4.65 Million Stake in NetEase (NASDAQ:NTES)

Lloyd Doyle
April 17, 2018

Griffin Asset Management Inc bought 26,179 shares as the company's stock rose 5.50% while stock markets declined. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.03). Overlook Holdings Ltd who had been investing in Netease for a number of months, seems to be less bullish one the $35.83B market cap company. The stock increased 0.78% or $0.7 during the last trading session, reaching $90.1. About 6.20 million shares traded. The Home Depot, Inc. FireEye, Inc. (NASDAQ:FEYE) has risen 34.55% since April 15, 2017 and is uptrending. It has outperformed by 16.91% the S&P500.

Macquarie Group Ltd. reduced its position in shares of NetEase (NASDAQ:NTES) by 36.1% in the fourth quarter, according to its most recent filing with the SEC. Veritas Asset Management Llp sold 9,000 shares as the company's stock declined 23.21% with the market. The miscellaneous company at the end of 2017Q4 was priced at $308.17M. On Tuesday, April 10 the stock of NetEase, Inc. NetEase presently has an average rating of Hold and an average target price of $334.94.

Shares of NTES opened at $272.99 on Thursday. It has underperformed by 14.49% the S&P500.

Total analysts of 8 have positions in NetEase Inc (NASDAQ:NTES) as follows: 4 rated it a "Buy", 2 with "Sell" and 2 with "Hold". Therefore 38% are positive. "Has $4.65 Million Stake in NetEase (NASDAQ:NTES)" was originally reported by StockNewsTimes and is owned by of StockNewsTimes. On Friday, August 19 the stock rating was initiated by Credit Suisse with "Neutral". On Friday, November 17 Bank of America maintained the shares of NTES in report with "Buy" rating. Vetr cut NetEase from a "strong-buy" rating to a "buy" rating and set a $355.00 target price on the a research report on Monday, January 22nd. On Tuesday, April 10 the company was maintained by Jefferies. On Friday, October 16 the stock rating was downgraded by Standpoint Research to "Hold". BidaskClub downgraded NetEase from a "sell" rating to a "strong sell" rating in a report on Tuesday, January 23rd. Amg Funds Llc sold 21,518 shares as the company's stock declined 16.73% with the market. Cibc Bank USA purchased a new position in shares of NetEase during the fourth quarter worth approximately $204,000. Zacks Investment Research upgraded shares of NetEase from a strong sell rating to a hold rating in a research note on Wednesday, January 17th. The stock has "Underperform" rating by Credit Agricole on Thursday, February 25.

Analysts await NetEase, Inc.

Shares of NetEase (NASDAQ:NTES) traded up 1.579% on Monday, reaching $306.525. They expect $-0.35 EPS, down 9.37% or $0.03 from last year's $-0.32 per share. TGT's profit will be $743.54 million for 12.96 P/E if the $1.38 EPS becomes a reality. After $-0.21 actual EPS reported by FireEye, Inc. for the previous quarter, Wall Street now forecasts 28.57% negative EPS growth.

Guinness Atkinson Asset Management Inc, which manages about $379.79M and $163.38 million US Long portfolio, decreased its stake in Imperial Oil Ltd (NYSEMKT:IMO) by 11,100 shares to 33,701 shares, valued at $1.05 million in 2017Q4, according to the filing. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of NetEase by 117.6% in the third quarter. "Buy" rating has 4, "Sell" are 2, while 2 are "Hold". Therefore 71% are positive. Target Corporation had 89 analyst reports since July 21, 2015 according to SRatingsIntel. Longbow maintained The Home Depot, Inc. The rating was initiated by Topeka Capital Markets with "Buy" on Tuesday, May 24. (NASDAQ:NTES) rating on Friday, November 17. The rating was upgraded by Jefferies on Monday, November 28 to "Buy". The stock of The Home Depot, Inc. (NASDAQ:FEYE) earned "Outperform" rating by Oppenheimer on Wednesday, July 29. As per Monday, December 18, the company rating was maintained by Jefferies. TASTAD CAROLYN M sold $152,724 worth of The Procter & Gamble Company (NYSE:PG) on Wednesday, November 15. (NYSE:TJX) on Wednesday, November 15 with "Overweight" rating.

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