NetEase stock is trading -89.87% below its average target price of $810.73 after marking a 7.7% during today's morning session. Analysts are giving the Large-Cap Software company an average rating of buy and target prices ranging from $585.874 to $1128.878 per share.
The stock has a very low short interest at 1.4%, and a short ratio of 2.6. The company's insiders own 1.38% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a very small number of institutional investors are invested in the stock, with 11.8% of NetEase's shares being owned by this investor type.
Institutions Invested in NetEase
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Ninety One UK Ltd | 1% | 6,394,876 | $525,163,188 |
| 2024-09-30 | Greenwoods Asset Management Hong Kong Ltd. | 1% | 3,278,597 | $269,246,574 |
| 2024-06-30 | FMR, LLC | 0% | 2,782,625 | $228,516,114 |
| 2024-06-30 | Morgan Stanley | 0% | 2,570,451 | $211,091,855 |
| 2024-06-30 | Aspex Management (HK) Ltd | 0% | 1,994,434 | $163,787,901 |
| 2024-06-30 | Orbis Allan Gray Ltd | 0% | 1,907,145 | $156,619,510 |
| 2024-06-30 | Capital World Investors | 0% | 1,680,687 | $138,022,214 |
| 2024-09-30 | Massachusetts Financial Services Co. | 0% | 1,665,405 | $136,767,218 |
| 2024-06-30 | Bank of America Corporation | 0% | 1,626,150 | $133,543,499 |
| 2024-06-30 | Lazard Asset Management LLC | 0% | 1,613,342 | $132,491,674 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on NetEase.
