According to a report from Fintel on May 26, 2023, Benchmark has continued to recommend buying NetEase Inc – ADR (NASDAQ:NTES).
The Analysts Forecast 31.24% Growth
As of May 11, 2023, the average one-year price target for NetEase Inc – ADR is 112.52. The expected price range is from a low of 91.91 to a high of $142.80, which represents an expected increase of 31.24% from its latest reported closing price of 85.73.
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It is predicted that NetEase Inc – ADR’s annual revenue will be 106,523MM, showing an increase of 10.39%, while the annual non-GAAP EPS is 35.25.
What Does the Fund Sentiment Indicate?
A total of 743 funds or institutions are reporting positions in NetEase Inc – ADR, a decrease of 28 owners or 3.63% in the last quarter. The average portfolio weight of all funds dedicated to NTES is 0.69%, recording an increase of 11.97%. The total shares owned by institutions decreased in the last three months by 4.20% to 269,070K shares. The put/call ratio of NTES is 0.50, indicating a bullish outlook.
What are Other Shareholders Doing?
VEIEX – Vanguard Emerging Markets Stock Index Fund Investor Shares owns 25,525K shares, representing 4.08% ownership of the company. In the previous filing, the firm held 25,187K shares, representing an increase of 1.33%. The firm increased its portfolio allocation in NTES by 33.01% over the last quarter.
VGTSX – Vanguard Total International Stock Index Fund Investor Shares owns 24,206K shares, representing 3.87% ownership of the company. In the previous filing, the firm held 24,458K shares, representing a decrease of 1.04%. The firm increased its portfolio allocation in NTES by 34.84% over the last quarter.
CWGIX – CAPITAL WORLD GROWTH & INCOME FUND owns 20,381K shares, representing 3.26% ownership of the company. No change in the last quarter.
KWEB – KraneShares CSI China Internet ETF owns 18,331K shares, representing 2.93% ownership of the company. In the previous filing, the firm held 19,112K shares, indicating a decrease of 4.26%. The firm decreased its portfolio allocation in NTES by 25.50% over the last quarter.
IEMG – iShares Core MSCI Emerging Markets ETF owns 18,024K shares, representing 2.88% ownership of the company. In the previous filing, the firm held 18,114K shares, indicating a decrease of 0.50%. The firm increased its portfolio allocation in NTES by 3.24% over the last quarter.
(The company provided this description.)
NetEase, Inc. is a Chinese Internet technology company that provides online services centered on content, community, communications, and commerce.
This news first appeared on Fintel.
The author’s views and opinions do not necessarily reflect those of Nasdaq, Inc.