Origin Asset Management Llp Decreased Position in Netease INC (NTES) by $26.59 Million as Share Value Declined

January 9, 2018 - By Louis Casey

Origin Asset Management Llp decreased its stake in Netease Inc (NTES) by 37.29% based on its latest 2017Q3 regulatory filing with the SEC. Origin Asset Management Llp sold 101,100 shares as the company’s stock declined 3.53% while stock markets rallied. The institutional investor held 170,053 shares of the miscellaneous company at the end of 2017Q3, valued at $44.86 million, down from 271,153 at the end of the previous reported quarter. Origin Asset Management Llp who had been investing in Netease Inc for a number of months, seems to be less bullish one the $44.36B market cap company. The stock decreased 1.98% or $6.8163 during the last trading session, reaching $337.9537. About 614,511 shares traded. NetEase, Inc. (NASDAQ:NTES) has risen 77.85% since January 9, 2017 and is uptrending. It has outperformed by 61.15% the S&P500.

Origin Asset Management Llp, which manages about $2.70 billion and $1.63 billion US Long portfolio, upped its stake in Weibo Corp (NASDAQ:WB) by 92,900 shares to 176,500 shares, valued at $17.46M in 2017Q3, according to the filing.

Analysts await NetEase, Inc. (NASDAQ:NTES) to report earnings on February, 21. They expect $2.41 earnings per share, down 39.90 % or $1.60 from last year’s $4.01 per share. NTES’s profit will be $316.33M for 35.06 P/E if the $2.41 EPS becomes a reality. After $2.86 actual earnings per share reported by NetEase, Inc. for the previous quarter, Wall Street now forecasts -15.73 % negative EPS growth.

More notable recent NetEase, Inc. (NASDAQ:NTES) news were published by: Investorplace.com which released: “NetEase Inc (ADR) (NTES) Stock Cashes In on China’s Online Gaming” on August 04, 2017, also Seekingalpha.com with their article: “Now May Be A Good Time To Buy NetEase Stock” published on August 23, 2017, Seekingalpha.com published: “Stock Exchange: Is It Time To Be Contrarian?” on December 01, 2017. More interesting news about NetEase, Inc. (NASDAQ:NTES) were released by: Benzinga.com and their article: “NetEase Higher Off Increased Stake By Credit Agricole” published on September 18, 2017 as well as Investorplace.com‘s news article titled: “NetEase Inc (ADR): Tap Into China’s Strong Online Growth with NTES Stock” with publication date: June 08, 2017.

NetEase, Inc. (NASDAQ:NTES) Ratings Coverage

Among 18 analysts covering NetEase (NASDAQ:NTES), 11 have Buy rating, 4 Sell and 3 Hold. Therefore 61% are positive. NetEase had 40 analyst reports since August 12, 2015 according to SRatingsIntel. Bank of America maintained the stock with “Buy” rating in Friday, November 17 report. As per Monday, July 18, the company rating was initiated by Brean Capital. The firm earned “Hold” rating on Thursday, November 16 by Jefferies. The stock of NetEase, Inc. (NASDAQ:NTES) earned “Outperform” rating by CLSA on Monday, October 3. The stock has “Buy” rating by Jefferies on Monday, November 28. The stock of NetEase, Inc. (NASDAQ:NTES) earned “Hold” rating by Vetr on Wednesday, August 12. The firm has “Hold” rating given on Tuesday, October 3 by Jefferies. The firm has “Underperform” rating given on Thursday, February 25 by Credit Agricole. As per Thursday, September 29, the company rating was initiated by Jefferies. The rating was upgraded by Standpoint Research on Monday, January 9 to “Buy”.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.