Gam Holding Ag Holding in Netease INC (NTES) Trimmed by $7.85 Million as Market Valuation Declined

June 15, 2017 - By Louis Casey

Gam Holding Ag decreased its stake in Netease Inc (NTES) by 20.11% based on its latest 2016Q4 regulatory filing with the SEC. Gam Holding Ag sold 36,524 shares as the company’s stock declined 3.53% while stock markets rallied. The institutional investor held 145,133 shares of the miscellaneous company at the end of 2016Q4, valued at $31.27 million, down from 181,657 at the end of the previous reported quarter. Gam Holding Ag who had been investing in Netease Inc for a number of months, seems to be less bullish one the $37.53B market cap company. The stock declined 0.14% or $0.42 reaching $292.25 per share. About 1.11 million shares traded. NetEase Inc (ADR) (NASDAQ:NTES) has risen 77.85% since June 15, 2016 and is uptrending. It has outperformed by 61.15% the S&P500.

Gam Holding Ag, which manages about $5.70 billion US Long portfolio, upped its stake in United Contl Hldgs Inc (NYSE:UAL) by 50,000 shares to 55,901 shares, valued at $4.07 million in 2016Q4, according to the filing. It also increased its holding in Occidental Pete Corp Del (NYSE:OXY) by 49,264 shares in the quarter, for a total of 90,473 shares, and has risen its stake in Pioneer Nat Res Co (NYSE:PXD).

More notable recent NetEase Inc (ADR) (NASDAQ:NTES) news were published by: Investorplace.com which released: “NetEase Inc (ADR): Tap Into China’s Strong Online Growth with NTES Stock” on June 08, 2017, also Fool.com with their article: “Will NetEase Inc Deliver Another Blowout Performance in 2017?” published on March 12, 2017, Fool.com published: “Why NetEase Inc. Stock Popped Today” on February 16, 2017. More interesting news about NetEase Inc (ADR) (NASDAQ:NTES) were released by: Fool.com and their article: “Why NetEase, Inc. Fell 13% in November” published on December 15, 2016 as well as Livetradingnews.com‘s news article titled: “NetEase Inc (ADR) (NASDAQ:NTES) Heffx Trading Outlook” with publication date: October 19, 2016.

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

Among 14 analysts covering NetEase (NASDAQ:NTES), 11 have Buy rating, 2 Sell and 1 Hold. Therefore 79% are positive. NetEase had 24 analyst reports since August 12, 2015 according to SRatingsIntel. Zacks downgraded the shares of NTES in report on Tuesday, August 25 to “Hold” rating. The firm has “Overweight” rating by Morgan Stanley given on Thursday, November 10. Jefferies initiated the stock with “Hold” rating in Thursday, September 29 report. The stock has “Hold” rating by Standpoint Research on Wednesday, August 26. As per Thursday, May 12, the company rating was upgraded by Nomura. The firm earned “Buy” rating on Wednesday, January 4 by CLSA. The firm earned “Overweight” rating on Thursday, February 25 by JP Morgan. Vetr upgraded the stock to “Hold” rating in Wednesday, August 12 report. The firm earned “Neutral” rating on Friday, January 22 by Nomura. Credit Suisse maintained the shares of NTES in report on Monday, September 21 with “Outperform” rating.

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