Tt International Holding in Praxair (NTES) Lowered by $4.05 Million as Share Price Declined; Sumitomo Mitsui Finl Group I (SMFG) Shareholder Nine Masts Capital LTD Has Cut Position by $2.76 Million as Market Value Declined

August 12, 2018 - By Megan Stone

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Logo

Nine Masts Capital Ltd decreased its stake in Sumitomo Mitsui Finl Group I (SMFG) by 96.49% based on its latest 2018Q1 regulatory filing with the SEC. Nine Masts Capital Ltd sold 344,523 shares as the company’s stock declined 6.35% with the market. The hedge fund held 12,518 shares of the commercial banks company at the end of 2018Q1, valued at $105,000, down from 357,041 at the end of the previous reported quarter. Nine Masts Capital Ltd who had been investing in Sumitomo Mitsui Finl Group I for a number of months, seems to be less bullish one the $54.17B market cap company. The stock decreased 3.14% or $0.25 during the last trading session, reaching $7.72. About 7.85 million shares traded or 608.87% up from the average. Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) has risen 15.23% since August 12, 2017 and is uptrending. It has outperformed by 2.66% the S&P500. Some Historical SMFG News: 11/05/2018 – Sumitomo Forestry Reports Full-Year Parent Earnings Results; 11/05/2018 – SUMITOMO FORESTRY 1911.T 2017/18 GROUP OPERATING PROFIT 53.02 BLN YEN (-1.8 %), 2018/19 FORECAST PROFIT 54.50 BLN YEN (+2.8 %); 15/03/2018 – TABLE-Mitsui High-tec 6966.T -2017/18 parent results; 21/05/2018 – BlackRock International Adds Mitsui Fudosan, Exits Cielo; 21/03/2018 – EXCLUSIVE- MITSUI, BRADESPAR EXPECT TO MAINTAIN THEIR VALE STAKES, NOT DIVESTING IN MEDIUM TERM; 11/05/2018 – SUMITOMO DAINIPPON PHARMA FINAL DIVIDEND 19 YEN; 07/03/2018 – TOKYO — Japanese trading houses are making big bets on liquefied natural gas as a relatively clean form of energy as regulations on greenhouse gases tighten worldwide. Companies such as Marubeni, Mitsui & Co. and Mitsubishi Corp. have all been expanding their LNG businesses in Asia and elsewhere; 15/05/2018 – TABLE-Sumitomo Chemical 4005.T -2017/18 group results (IFRS); 18/05/2018 – Mitsui OSK Is Said to Opt for Exhaust Scrubbers in New Vessels; 06/03/2018 – MITSUI TO DECLARE OFFER FOR AWE UNCONDITIONAL

Tt International decreased its stake in Praxair Inc (NTES) by 29.7% based on its latest 2018Q1 regulatory filing with the SEC. Tt International sold 28,156 shares as the company’s stock declined 25.93% with the market. The institutional investor held 66,633 shares of the miscellaneous company at the end of 2018Q1, valued at $9.62M, down from 94,789 at the end of the previous reported quarter. Tt International who had been investing in Praxair Inc for a number of months, seems to be less bullish one the $29.51B market cap company. The stock decreased 0.24% or $0.55 during the last trading session, reaching $224.67. About 1.78M shares traded or 59.91% up from the average. NetEase, Inc. (NASDAQ:NTES) has declined 22.10% since August 12, 2017 and is downtrending. It has underperformed by 34.67% the S&P500. Some Historical NTES News: 16/05/2018 – Netease 1Q Rev $2.26B; 15/05/2018 – Peak6 Investments Adds Netease, Exits Apple, Cuts Facebook: 13F; 27/03/2018 – China’s internet tiger NetEase aims to make retail as big as games; 27/04/2018 – NetEase Youdao Completes Its First Strategic Funding, Getting the Firm Admitted into the “Unicorn” Club with a Valuation of $1.1 Billion; 13/03/2018 – NETEASE CLOUD MUSIC – ALIMUSIC TO SUBLICENSE PREMIER MUSIC COPYRIGHTS OWNED BY ROCK RECORDS CO., SM ENTERTAINMENT, BMG, OTHERS TO CO; 14/05/2018 – BEIERSDORF BEIG.DE SAYS ENTERS STRATEGIC PARTNERSHIP WITH NETEASE’S NTES.O E-COMMERCE UNIT KAOLA; 26/03/2018 – BEIJING — Chinese internet technology services provider NetEase will try to maintain double-digit growth by making its online retail arm as large as its core mobile games business, according to CEO and founder William Ding Lei; 17/05/2018 – ADRs End Mostly Lower; NetEase Trades Actively; 07/03/2018 Strategic Cooperation Between NetEase Cloud Music and HIM International Music Inc; 13/03/2018 – NETEASE CLOUD MUSIC SAYS CO, ALIMUSIC JOINTLY ENTERED INTO A CROSS-LICENSING AGREEMENT WITH RESPECT TO MUSIC COPYRIGHTS

More notable recent NetEase, Inc. (NASDAQ:NTES) news were published by: Benzinga.com which released: “68 Stocks Moving In Thursday’s Mid-Day Session” on August 09, 2018, also Seekingalpha.com with their article: “NetEase -2.1% as Jefferies trims targets” published on August 10, 2018, Fool.com published: “Why NetEase, Inc. Stock Has Lost 27% in the First Half of 2018” on July 17, 2018. More interesting news about NetEase, Inc. (NASDAQ:NTES) were released by: Seekingalpha.com and their article: “NetEase, Inc 2018 Q2 – Results – Earnings Call Slides” published on August 09, 2018 as well as Benzinga.com‘s news article titled: “77 Biggest Movers From Yesterday” with publication date: August 10, 2018.

Tt International, which manages about $8.38 billion and $2.30B US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NASDAQ:ALXN) by 667,815 shares to 716,894 shares, valued at $157.73M in 2018Q1, according to the filing. It also increased its holding in Monsanto Co New (NYSE:JNJ) by 97,969 shares in the quarter, for a total of 136,518 shares, and has risen its stake in Global Pmts Inc (NYSE:ECL).

Among 20 analysts covering NetEase (NASDAQ:NTES), 13 have Buy rating, 4 Sell and 3 Hold. Therefore 65% are positive. NetEase had 52 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was upgraded by Vetr to “Hold” on Wednesday, August 12. The stock has “Sell” rating by Standpoint Research on Wednesday, June 7. As per Monday, October 3, the company rating was upgraded by CLSA. Standpoint Research upgraded it to “Hold” rating and $145.0 target in Wednesday, August 26 report. Jefferies upgraded NetEase, Inc. (NASDAQ:NTES) on Monday, November 28 to “Buy” rating. CLSA upgraded the shares of NTES in report on Wednesday, January 4 to “Buy” rating. The rating was downgraded by Standpoint Research on Friday, October 16 to “Hold”. The firm earned “Overweight” rating on Tuesday, July 3 by JP Morgan. The firm has “Hold” rating given on Tuesday, January 23 by Jefferies. Jefferies maintained it with “Hold” rating and $345.0 target in Monday, December 18 report.

Another recent and important Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) news was published by Seekingalpha.com which published an article titled: “Tracking Ken Fisher’s Fisher Asset Management Portfolio – Q2 2018 Update” on July 18, 2018.

Nine Masts Capital Ltd, which manages about $653.66 million US Long portfolio, upped its stake in Kraft Heinz Co by 8,438 shares to 9,738 shares, valued at $607,000 in 2018Q1, according to the filing. It also increased its holding in Occidental Pete Corp Del (NYSE:OXY) by 118,645 shares in the quarter, for a total of 118,945 shares, and has risen its stake in Seagate Technology Plc (NASDAQ:STX).

NetEase, Inc. (NASDAQ:NTES) Ratings Chart

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