Is NetEase Inc (ADR)’s Latest Move For Real? The Stock Was Sold By Option Traders Today

 Is NetEase Inc (ADR)'s Latest Move For Real? The Stock Was Sold By Option Traders Today

In today’s session NetEase Inc (ADR) (NTES) recorded an unusually high (206) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious NTES decrease. With 206 contracts traded and 2454 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: NTES161118P00240000 closed last at: $8.8 or 25.7% up. About 350,995 shares traded hands. NetEase Inc (ADR) (NASDAQ:NTES) has risen 72.26% since April 4, 2016 and is uptrending. It has outperformed by 71.17% the S&P500.

NetEase Inc (ADR) (NASDAQ:NTES) Ratings Coverage

Out of 12 analysts covering NetEase (NASDAQ:NTES), 8 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 67% are positive. $280 is the highest target while $145.0 is the lowest. The $198.69 average target is -18.84% below today’s ($244.81) stock price. NetEase has been the topic of 18 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Jefferies initiated it with “Hold” rating and $245 target price in Thursday, September 29 report. The stock has “Hold” rating given by Standpoint Research on Friday, October 16. The firm has “Outperform” rating by CLSA given on Monday, October 3. The firm has “Underperform” rating by Credit Agricole given on Thursday, February 25. The firm has “Hold” rating by Vetr given on Wednesday, August 12. The firm earned “Buy” rating on Monday, July 18 by Brean Capital. As per Wednesday, September 28, the company rating was maintained by Macquarie Research. The stock has “Outperform” rating given by Credit Suisse on Monday, September 21. The stock of NetEase Inc (ADR) (NASDAQ:NTES) earned “Hold” rating by Standpoint Research on Wednesday, August 26. JP Morgan maintained the shares of NTES in a report on Thursday, February 25 with “Overweight” rating.

According to Zacks Investment Research, “NetEase, Inc. is an Internet technology company engaged in the development of applications, services and other technologies for the Internet in China. It provides online gaming services that include in-house developed massively multi-player online role-playing games and licensed titles. NetEase also provides online advertising, community services, entertainment content, free e-mail services and micro-blogging services. The Company also offers wireless value-added services such as news and information content, matchmaking services, music and photos from the web that are sent over SMS, MMS, WAP, IVR and Color Ring-back Tone technologies. NetEase, Inc., formerly known as NetEase.com, Inc., is based in Beijing, the People’s Republic of China.”

NetEase, Inc. is a technology company. The company has a market cap of $31.67 billion. The Firm operates an interactive online community in China and is a well-known provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. It has a 23.7 P/E ratio. The Firm operates through three divisions: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

NTES Company Profile

NetEase, Inc. (NetEase), incorporated on July 6, 1999, is a technology company. The Firm operates an interactive online community in China and is a well-known provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Firm operates through three divisions: Online Game Services; Advertising Services, and E-mail, E-commerce and Others. The Firm is engaged in the development of applications, services and other technologies for the Internet in China.

More recent NetEase Inc (ADR) (NASDAQ:NTES) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on August 12, 2009. Also Livetradingnews.com published the news titled: “NetEase Inc (ADR) (NASDAQ:NTES) Heffx Trading Outlook” on October 19, 2016. Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: February 11, 2011 was also an interesting one.

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