Institutional Move: Nomura Asset Management Company LTD Has Increased Netease INC (NTES) Position as Stock Rose

Institutional Move: Nomura Asset Management Company LTD Has Increased Netease INC (NTES) Position as Stock Rose

Nomura Asset Management Company Ltd increased its stake in Netease Inc (NTES) by 6601.11% based on its latest 2016Q3 regulatory filing with the SEC. Nomura Asset Management Company Ltd bought 344,776 shares as the company’s stock rose 30.45% with the market. The institutional investor held 349,999 shares of the miscellaneous company at the end of 2016Q3, valued at $84.27 million, up from 5,223 at the end of the previous reported quarter. Nomura Asset Management Company Ltd who had been investing in Netease Inc for a number of months, seems to be bullish on the $32.20 billion market cap company. The stock is down 0.97% or $2.32 hitting $237.66, despite the positive news. About 404,819 shares traded hands. NetEase Inc (ADR) (NASDAQ:NTES) has risen 37.28% since June 7, 2016 and is uptrending. It has outperformed by 29.86% the S&P500.

Nomura Asset Management Company Ltd, which manages about $32.64B and $5.57 billion US Long portfolio, decreased its stake in Amgen Inc (NASDAQ:AMGN) by 18,480 shares to 284,155 shares, valued at $47.40M in 2016Q3, according to the filing. It also reduced its holding in Vanguard Intl Equity Index F (VGK) by 643,700 shares in the quarter, leaving it with 40,570 shares, and cut its stake in Metlife Inc (NYSE:MET).

Nomura Asset Management Company Ltd is a Japan-based institutional investor with more than $32.64 billion AUM in July, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Nomura Asset Management Company latest Adv, the fund reported to have 100 full and part-time employees. Among which 43 performing investment advisory and research functions. The institutional investor had more than 106 clients.

More notable recent NetEase Inc (ADR) (NASDAQ:NTES) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on August 12, 2009, also Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on February 11, 2011, Etfdailynews.com published: “NetEase Proves It’s the One Chinese Stock Everyone Should Own” on August 18, 2016. More interesting news about NetEase Inc (ADR) (NASDAQ:NTES) were released by: Livetradingnews.com and their article: “NetEase Inc (ADR) (NASDAQ:NTES) Heffx Trading Outlook” published on October 19, 2016 as well as Investorplace.com‘s news article titled: “Why Barrick Gold Corporation (USA) (ABX), Sturm Ruger & Company Inc (RGR) and …” with publication date: November 10, 2016.

According to Zacks Investment Research, “NetEase, Inc. is an Internet technology company engaged in the development of applications, services and other technologies for the Internet in China. It provides online gaming services that include in-house developed massively multi-player online role-playing games and licensed titles. NetEase also provides online advertising, community services, entertainment content, free e-mail services and micro-blogging services. The Company also offers wireless value-added services such as news and information content, matchmaking services, music and photos from the web that are sent over SMS, MMS, WAP, IVR and Color Ring-back Tone technologies. NetEase, Inc., formerly known as NetEase.com, Inc., is based in Beijing, the People’s Republic of China.”

NetEase Inc (ADR) (NASDAQ:NTES) Ratings Coverage

Out of 13 analysts covering NetEase (NASDAQ:NTES), 11 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 85% are positive. NetEase has been the topic of 22 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, February 25 by JP Morgan. Credit Agricole downgraded the stock to “Underperform” rating in Thursday, February 25 report. Nomura upgraded NetEase Inc (ADR) (NASDAQ:NTES) on Thursday, May 12 to “Buy” rating. The rating was upgraded by Vetr on Wednesday, August 12 to “Hold”. The rating was initiated by Credit Suisse on Friday, August 19 with “Neutral”. Standpoint Research upgraded the shares of NTES in a report on Monday, January 9 to “Buy” rating. The stock of NetEase Inc (ADR) (NASDAQ:NTES) has “Buy” rating given on Wednesday, January 4 by CLSA. On Wednesday, September 28 the stock rating was maintained by Macquarie Research with “Outperform”. The firm has “Hold” rating by Zacks given on Tuesday, August 25. The stock of NetEase Inc (ADR) (NASDAQ:NTES) earned “Buy” rating by Brean Capital on Monday, July 18.

NTES Company Profile

NetEase, Inc. (NetEase), incorporated on July 6, 1999, is a technology company. The Firm operates an interactive online community in China and is a well-known provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Firm operates through three divisions: Online Game Services; Advertising Services, and E-mail, E-commerce and Others. The Firm is engaged in the development of applications, services and other technologies for the Internet in China.

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