As Netease (NTES) Stock Price Declined, Ardevora Asset Management Llp Increased Stake by $2.95 Million; New York Reit (NYRT) Stock Declined While North Run Capital LP Has Lifted Its Holding

February 15, 2018 - By marketbeat

Ardevora Asset Management Llp increased its stake in Netease Inc (NTES) by 8.22% based on its latest 2017Q3 regulatory filing with the SEC. Ardevora Asset Management Llp bought 11,200 shares as the company’s stock declined 3.53% while stock markets rallied. The institutional investor held 147,500 shares of the miscellaneous company at the end of 2017Q3, valued at $38.91 million, up from 136,300 at the end of the previous reported quarter. Ardevora Asset Management Llp who had been investing in Netease Inc for a number of months, seems to be bullish on the $40.51B market cap company. The stock increased 0.83% or $2.55 during the last trading session, reaching $308.6. About 548,928 shares traded. NetEase, Inc. (NASDAQ:NTES) has risen 77.85% since February 15, 2017 and is uptrending. It has outperformed by 61.15% the S&P500.

Thomas Ellis increased its stake in New York Reit Inc (NYRT) by 45.83% based on its latest 2017Q3 regulatory filing with the SEC. North Run Capital Lp bought 825,000 shares as the company’s stock declined 12.85% while stock markets rallied. The hedge fund run by Thomas Ellis held 2.63M shares of the consumer services company at the end of 2017Q3, valued at $20.61 million, up from 1.80M at the end of the previous reported quarter. North Run Capital Lp who had been investing in New York Reit Inc for a number of months, seems to be bullish on the $337.54M market cap company. The stock increased 0.50% or $0.01 during the last trading session, reaching $2. About 345,355 shares traded. New York REIT, Inc. (NYSE:NYRT) has declined 9.21% since February 15, 2017 and is downtrending. It has underperformed by 25.91% the S&P500.

Ardevora Asset Management Llp, which manages about $3.34 billion US Long portfolio, decreased its stake in Intuit (NASDAQ:INTU) by 22,500 shares to 187,900 shares, valued at $26.71 million in 2017Q3, according to the filing. It also reduced its holding in Electronic Arts Inc (NASDAQ:EA) by 61,500 shares in the quarter, leaving it with 317,367 shares, and cut its stake in Teleflex Inc (NYSE:TFX).

Among 19 analysts covering NetEase (NASDAQ:NTES), 12 have Buy rating, 4 Sell and 3 Hold. Therefore 63% are positive. NetEase had 42 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, October 4 by Barclays Capital. Nomura upgraded the stock to “Buy” rating in Friday, November 17 report. The firm has “Outperform” rating given on Monday, September 21 by Credit Suisse. The stock of NetEase, Inc. (NASDAQ:NTES) earned “Buy” rating by Nomura on Thursday, May 12. Macquarie Research maintained NetEase, Inc. (NASDAQ:NTES) on Wednesday, September 28 with “Outperform” rating. The company was downgraded on Tuesday, October 3 by Jefferies. The firm earned “Sell” rating on Wednesday, June 7 by Standpoint Research. Jefferies maintained NetEase, Inc. (NASDAQ:NTES) on Tuesday, January 23 with “Hold” rating. The stock of NetEase, Inc. (NASDAQ:NTES) earned “Overweight” rating by JP Morgan on Thursday, February 25. The firm earned “Hold” rating on Wednesday, August 12 by Vetr.

Among 5 analysts covering New York REIT (NYSE:NYRT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. New York REIT had 9 analyst reports since October 9, 2015 according to SRatingsIntel. The firm has “Hold” rating by SunTrust given on Wednesday, January 31. The firm has “Hold” rating given on Friday, November 3 by SunTrust. The rating was maintained by SunTrust with “Hold” on Friday, December 1. Compass Point initiated New York REIT, Inc. (NYSE:NYRT) rating on Friday, October 30. Compass Point has “Buy” rating and $13.50 target. Evercore upgraded the shares of NYRT in report on Monday, November 16 to “Buy” rating. JMP Securities upgraded it to “Mkt Outperform” rating and $12.50 target in Friday, October 9 report. The rating was initiated by Compass Point with “Buy” on Thursday, June 30.

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