NETEASE, INC.
In the published model solve dated 2026-Q2, anchored at $128.03, NETEASE, INC. (NTES) is priced for +3.3% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• NetEase is one of China's two dominant game publishers, with games and related services about 82% of revenue, anchored by decades-old franchises like Fantasy Westward Journey alongside newer global hits including Marvel Rivals and Where Winds Meet. • The defining feature is a fortress balance sheet, a net cash position of RMB 167.5 billion, paired with an operating margin near 27% that the market still values at a low-teens earnings multiple. • The next markers are the global game pipeline (Se
Is NTES overvalued? See what's priced in →
417 institutional managers reported holding NTES in 13F filings for the quarter ended 2026-03-31. Together they hold about 9% of the company; the top 10 hold 5%. 49 opened new positions that quarter. Held by UBS, Dodge & Cox, FMR (Fidelity), among others. On the short side, 3.3M shares were sold short as of the 2026-06-15 count, about 0.5% of shares outstanding (3.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
NTES has cut its share count 4.2% over the past five years, spending $4.82B on repurchases. It pays a dividend, and has for 13 years running, raised 4 years straight. Cash returned over the past three years: $4.64B in dividends and $1.96B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.