NetEase (NTES)

• Market cap: $58.2B
• 1 day: -0.56%
• 5 days: 4.20%
• 1 month: 12.60%
• 3 months: 14.90%
• 6 months: -4.11%
• Year to date: -2.37%
• 1 year: -12.12%
• 5 years: 43.67%
• 10 years: 345.39%

About: NetEase, which started on an internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, cloud music, media, advertising, email, live streaming, online education, and e-commerce. The company develops and operates some of the China's most popular PC client and mobile games, and it partners with global leading game developers, such as Blizzard Entertainment and Mojang (a Microsoft subsidiary).

Employees: 29,128

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0.08% more ownership

Funds ownership: 2.07% [Q2] → 2.15% (+0.08%) [Q3]

1% less capital invested

Capital invested by funds: $6.38B [Q2] → $6.32B (-$64.7M) [Q3]

6% less call options, than puts

Call options by funds: $213M | Put options by funds: $227M

7% less funds holding

Funds holding: 383 [Q2] → 358 (-25) [Q3]

19% less funds holding in top 10

Funds holding in top 10: 16 [Q2] → 13 (-3) [Q3]

34% less repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 154

36% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 70

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $105 16% upside
• Avg. target: $110 22% upside
• High target: $115 27% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Citigroup Alicia Yap 75% 1-year accuracy 9 / 12 met price target	27% upside $115	Buy Maintained	15 Nov 2024
Benchmark Fawne Jiang 65% 1-year accuracy 31 / 48 met price target	16% upside $105	Buy Maintained	15 Nov 2024