Tb Alternative Assets LTD Trimmed Netease INC (NTES) Holding by $20.75 Million

Tb Alternative Assets Ltd decreased its stake in Netease Inc (NTES) by 83.66% based on its latest 2018Q4 regulatory filing with the SEC. Tb Alternative Assets Ltd sold 88,318 shares as the company’s stock declined 6.27% while stock markets rallied. The institutional investor held 17,253 shares of the miscellaneous company at the end of 2018Q4, valued at $4.06 million, down from 105,571 at the end of the previous reported quarter. Tb Alternative Assets Ltd who had been investing in Netease Inc for a number of months, seems to be less bullish one the $33.47 billion market cap company. The stock decreased 0.98% or $2.6 during the last trading session, reaching $261.58. About 635,635 shares traded. NetEase, Inc. (NASDAQ:NTES) has declined 23.59% since May 8, 2018 and is downtrending. It has underperformed by 27.96% the S&P500.

Analysts await NetEase, Inc. (NASDAQ:NTES) to report earnings on May, 15 after the close. They expect $1.86 EPS, up 104.40 % or $0.95 from last year’s $0.91 per share. NTES’s profit will be $238.00 million for 35.16 P/E if the $1.86 EPS becomes a reality. After $1.92 actual EPS reported by NetEase, Inc. for the previous quarter, Wall Street now forecasts -3.12 % negative EPS growth.

More notable recent NetEase, Inc. (NASDAQ:NTES) news were published by: Nasdaq.com which released: “Why NetEase Stock Fell 11.4% in February – Nasdaq” on March 12, 2019, also Nasdaq.com with their article: “NetEase, Inc. (NTES) Ex-Dividend Date Scheduled for March 07, 2019 – Nasdaq” published on March 06, 2019, Nasdaq.com published: “Nasdaq 100 Movers: EA, NTES – Nasdaq” on February 19, 2019. More interesting news about NetEase, Inc. (NASDAQ:NTES) were released by: Nasdaq.com and their article: “NetEase Breaks Above 200-Day Moving Average – Bullish for NTES – Nasdaq” published on March 06, 2019 as well as Nasdaq.com‘s news article titled: “Technology Sector Update for 12/12/2018: BILI, PVTL, NTES, PLAB, MSFT, AAPL, IBM, CSCO, GOOG – Nasdaq” with publication date: December 12, 2018.

NetEase, Inc. (NASDAQ:NTES) Ratings Coverage

Among 6 analysts covering NetEase (NASDAQ:NTES), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. NetEase had 11 analyst reports since November 16, 2018 according to SRatingsIntel. The company was downgraded on Thursday, February 21 by Jefferies. Morgan Stanley upgraded NetEase, Inc. (NASDAQ:NTES) rating on Thursday, December 6. Morgan Stanley has “Overweight” rating and $300 target. The company was upgraded on Wednesday, December 19 by UBS. The rating was maintained by Nomura with “Buy” on Friday, February 22. The stock has “Equal-Weight” rating by Barclays Capital on Friday, November 16. The firm earned “Buy” rating on Thursday, February 21 by CLSA. The rating was upgraded by Barclays Capital on Monday, January 14 to “Overweight”. The firm earned “Buy” rating on Thursday, February 21 by Barclays Capital. As per Friday, November 16, the company rating was maintained by Nomura.

NetEase, Inc. (NASDAQ:NTES) Ratings Chart

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