Netease (NTES) Share Value Declined While Overlook Holdings LTD Decreased Its Position

September 14, 2018 - By Margaret Downey

Overlook Holdings Ltd decreased its stake in Netease (NTES) by 15.29% based on its latest 2018Q2 regulatory filing with the SEC. Overlook Holdings Ltd sold 136,578 shares as the company’s stock declined 24.93% while stock markets rallied. The institutional investor held 756,622 shares of the miscellaneous company at the end of 2018Q2, valued at $191.20M, down from 893,200 at the end of the previous reported quarter. Overlook Holdings Ltd who had been investing in Netease for a number of months, seems to be less bullish one the $26.45 billion market cap company. The stock decreased 0.19% or $0.39 during the last trading session, reaching $201.37. About 171,846 shares traded. NetEase, Inc. (NASDAQ:NTES) has declined 29.39% since September 14, 2017 and is downtrending. It has underperformed by 45.01% the S&P500.

Analysts await NetEase, Inc. (NASDAQ:NTES) to report earnings on November, 21. They expect $1.88 EPS, down 34.27 % or $0.98 from last year’s $2.86 per share. NTES’s profit will be $246.90 million for 26.78 P/E if the $1.88 EPS becomes a reality. After $2.44 actual EPS reported by NetEase, Inc. for the previous quarter, Wall Street now forecasts -22.95 % negative EPS growth.

More news for NetEase, Inc. (NASDAQ:NTES) were recently published by: Seekingalpha.com, which released: “Tencent-backed news app Qutoutiao seeks to list 16M ADS” on September 04, 2018. Nasdaq.com‘s article titled: “3 Reasons NetEase Stock Can Bounce Back” and published on September 04, 2018 is yet another important article.

NetEase, Inc. (NASDAQ:NTES) Ratings Coverage

Among 8 analysts covering NetEase Inc (NASDAQ:NTES), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. NetEase Inc had 10 analyst reports since April 10, 2018 according to SRatingsIntel. The stock of NetEase, Inc. (NASDAQ:NTES) has “Buy” rating given on Thursday, May 17 by Benchmark. The rating was maintained by Barclays Capital on Monday, July 30 with “Equal-Weight”. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, August 30 report. The rating was upgraded by Daiwa Securities on Thursday, May 17 to “Buy”. The stock of NetEase, Inc. (NASDAQ:NTES) earned “Overweight” rating by JP Morgan on Friday, August 10. The firm earned “Overweight” rating on Tuesday, July 3 by JP Morgan. As per Wednesday, April 25, the company rating was upgraded by CLSA. As per Tuesday, April 10, the company rating was maintained by Jefferies. The stock of NetEase, Inc. (NASDAQ:NTES) has “Buy” rating given on Friday, August 10 by Nomura.

NetEase, Inc. (NASDAQ:NTES) Ratings Chart

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