Fintel reports that on January 8, 2025, Morgan Stanley upgraded their outlook for NetEase, Inc. - Depositary Receipt () (NasdaqGS:NTES) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 28.56% Upside
As of December 23, 2024, the average one-year price target for NetEase, Inc. - Depositary Receipt () is $115.34/share. The forecasts range from a low of $82.82 to a high of $164.46. The average price target represents an increase of 28.56% from its latest reported closing price of $89.72 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for NetEase, Inc. - Depositary Receipt () is 119,443MM, an increase of 13.02%. The projected annual non-GAAP EPS is 39.62.
What is the Fund Sentiment?
There are 535 funds or institutions reporting positions in NetEase, Inc. - Depositary Receipt (). This is an decrease of 22 owner(s) or 3.95% in the last quarter. Average portfolio weight of all funds dedicated to NTES is 0.41%, an increase of 24.71%. Total shares owned by institutions increased in the last three months by 12.00% to 80,538K shares. 
The put/call ratio of NTES is 0.67, indicating a bullish outlook.
What are Other Shareholders Doing?
Ninety One UK holds 6,395K shares. In its prior filing, the firm reported owning 6,429K shares , representing a decrease of 0.53%. The firm decreased its portfolio allocation in NTES by 5.93% over the last quarter.
Ubs Asset Management Americas holds 6,258K shares. In its prior filing, the firm reported owning 45K shares , representing an increase of 99.28%. The firm increased its portfolio allocation in NTES by 1,553.09% over the last quarter.
Lazard Asset Management holds 3,530K shares. In its prior filing, the firm reported owning 1,613K shares , representing an increase of 54.30%. The firm increased its portfolio allocation in NTES by 128.20% over the last quarter.
Orbis Allan Gray holds 3,481K shares. In its prior filing, the firm reported owning 1,907K shares , representing an increase of 45.22%. The firm decreased its portfolio allocation in NTES by 0.67% over the last quarter.
Greenwoods Asset Management Hong Kong holds 3,279K shares. In its prior filing, the firm reported owning 3,820K shares , representing a decrease of 16.50%. The firm decreased its portfolio allocation in NTES by 35.89% over the last quarter.
NetEase Background Information
(This description is provided by the company.)
NetEase, Inc. is a Chinese Internet technology company providing online services centered on content, community, communications, and commerce.
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