Citigroup maintained its recommendation to buy NetEase Inc – ADR (NASDAQ:NTES) on May 26, 2023, according to Fintel. As of May 11, 2023, the average one-year price target for NTES is $112.52, with forecasts ranging from $91.91 to $142.80. This represents an increase of 31.24% from its latest reported closing price of $85.73. NetEase Inc – ADR’s projected annual revenue is $106.5 billion, an increase of 10.39%, while the projected annual non-GAAP EPS is $35.25.
Fintel reports on the fund sentiment for NTES, which shows that there are currently 743 funds or institutions that are reporting positions in the company. This number decreased by 28 owners or 3.63% in the last quarter, and the average portfolio weight of all funds dedicated to NTES is at 0.69%, which is 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 currently at 0.50, which indicates a bullish outlook.
Several institutions hold significant shares in NTES. Vanguard Emerging Markets Stock Index Fund Investor Shares owns 25,525K shares, representing 4.08% ownership of the company. This is an increase of 1.33% from their prior filing, with an increased portfolio allocation in NTES by 33.01% over the last quarter. Meanwhile, VGTSX – Vanguard Total International Stock Index Fund Investor Shares maintains 24,206K shares, representing 3.87% ownership of the company. The firm decreased its portfolio allocation in NTES by 25.50% over the last quarter.
NetEase, Inc. is a Chinese Internet technology company that provides online services centered on content, community, communications, and commerce.
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