Alkeon Capital Management Cut By $126.60 Million Its Netease (NTES) Position; Capital Growth Management LP Decreased Finisar (FNSR) Position

December 12, 2017 - By Marguerite Chambers

Alkeon Capital Management Llc decreased Netease Inc (NTES) stake by 51.05% reported in 2017Q2 SEC filing. Alkeon Capital Management Llc sold 421,992 shares as Netease Inc (NTES)’s stock declined 3.53%. The Alkeon Capital Management Llc holds 404,607 shares with $121.64M value, down from 826,599 last quarter. Netease Inc now has $45.25B valuation. The stock increased 7.23% or $23.26 during the last trading session, reaching $344.77. About 1.77M shares traded or 16.29% up from the average. NetEase, Inc. (NASDAQ:NTES) has risen 77.85% since December 12, 2016 and is uptrending. It has outperformed by 61.15% the S&P500.

Capital Growth Management Lp decreased Finisar Corp (FNSR) stake by 89.47% reported in 2017Q2 SEC filing. Capital Growth Management Lp sold 170,000 shares as Finisar Corp (FNSR)’s stock declined 30.13%. The Capital Growth Management Lp holds 20,000 shares with $520,000 value, down from 190,000 last quarter. Finisar Corp now has $2.26 billion valuation. The stock increased 8.43% or $1.54 during the last trading session, reaching $19.81. About 4.97 million shares traded or 49.29% up from the average. Finisar Corporation (NASDAQ:FNSR) has risen 53.92% since December 12, 2016 and is uptrending. It has outperformed by 37.22% the S&P500.

Alkeon Capital Management Llc increased Electronic Arts Inc (NASDAQ:EA) stake by 43,788 shares to 2.24 million valued at $237.34M in 2017Q2. It also upped Blackstone Group LP (NYSE:BX) stake by 300,000 shares and now owns 2.18 million shares. Vulcan Matls Co (NYSE:VMC) was raised too.

Among 18 analysts covering NetEase (NASDAQ:NTES), 11 have Buy rating, 4 Sell and 3 Hold. Therefore 61% are positive. NetEase had 39 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of NetEase, Inc. (NASDAQ:NTES) earned “Outperform” rating by CLSA on Monday, October 3. As per Tuesday, October 3, the company rating was downgraded by Jefferies. The firm earned “Hold” rating on Friday, October 16 by Standpoint Research. The stock has “Overweight” rating by Morgan Stanley on Thursday, November 10. The firm has “Buy” rating given on Monday, November 28 by Jefferies. The firm earned “Hold” rating on Thursday, September 29 by Jefferies. Barclays Capital maintained NetEase, Inc. (NASDAQ:NTES) on Tuesday, November 21 with “Hold” rating. The stock of NetEase, Inc. (NASDAQ:NTES) earned “Buy” rating by Standpoint Research on Monday, January 9. Credit Agricole downgraded NetEase, Inc. (NASDAQ:NTES) on Thursday, February 25 to “Underperform” rating. The stock has “Buy” rating by Nomura on Friday, November 17.

Among 16 analysts covering Finisar Corporation (NASDAQ:FNSR), 11 have Buy rating, 0 Sell and 5 Hold. Therefore 69% are positive. Finisar Corporation had 65 analyst reports since August 18, 2015 according to SRatingsIntel. Stifel Nicolaus upgraded Finisar Corporation (NASDAQ:FNSR) on Tuesday, September 6 to “Buy” rating. On Tuesday, October 11 the stock rating was upgraded by Goldman Sachs to “Buy”. Jefferies maintained the stock with “Buy” rating in Friday, September 8 report. Stifel Nicolaus maintained Finisar Corporation (NASDAQ:FNSR) on Monday, September 12 with “Buy” rating. Jefferies maintained the shares of FNSR in report on Friday, June 9 with “Buy” rating. The rating was maintained by Barclays Capital on Friday, September 9 with “Equal Weight”. The rating was maintained by Needham on Friday, June 17 with “Buy”. The firm earned “Equal-Weight” rating on Friday, January 8 by Barclays Capital. Northland Capital initiated the shares of FNSR in report on Tuesday, August 18 with “Market Perform” rating. Jefferies maintained the shares of FNSR in report on Friday, June 17 with “Hold” rating.

Since June 16, 2017, it had 0 insider purchases, and 2 sales for $254,325 activity. $83,365 worth of stock was sold by Stephens Robert on Friday, June 16. Another trade for 6,183 shares valued at $170,960 was made by Swanson Todd on Friday, June 16.

Analysts await Finisar Corporation (NASDAQ:FNSR) to report earnings on December, 14. They expect $0.20 earnings per share, down 60.00% or $0.30 from last year’s $0.5 per share. FNSR’s profit will be $22.81M for 24.76 P/E if the $0.20 EPS becomes a reality. After $0.28 actual earnings per share reported by Finisar Corporation for the previous quarter, Wall Street now forecasts -28.57% negative EPS growth.

Investors sentiment increased to 1.26 in Q2 2017. Its up 0.03, from 1.23 in 2017Q1. It increased, as 48 investors sold FNSR shares while 67 reduced holdings. 57 funds opened positions while 84 raised stakes. 94.89 million shares or 13.11% less from 109.21 million shares in 2017Q1 were reported. Walleye Trading holds 281,706 shares or 0.04% of its portfolio. Fortaleza Asset Mngmt invested 0.26% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Finisar Corporation (NASDAQ:FNSR). Citigroup has 0% invested in Finisar Corporation (NASDAQ:FNSR) for 73,518 shares. Moreover, Alphaone Investment Serv Ltd has 0.77% invested in Finisar Corporation (NASDAQ:FNSR) for 110,580 shares. Pitcairn owns 14,479 shares. Lazard Asset Lc invested in 0% or 35,105 shares. Vident Advisory Limited Liability Corp accumulated 82,015 shares or 0.18% of the stock. Ubs Asset Americas holds 61,782 shares or 0% of its portfolio. Northern Tru Corp owns 2.91 million shares. Capstone Inv Advsrs Ltd Limited Liability Company accumulated 8,000 shares or 0.01% of the stock. Metropolitan Life Ins New York invested 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Zweig holds 0.78% or 412,397 shares in its portfolio. Parametric Portfolio Assocs Ltd Limited Liability Company has invested 0.02% in Finisar Corporation (NASDAQ:FNSR). Raymond James & Assocs invested in 0.02% or 281,313 shares.

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