Equity Commonwealth (EQC) Is At $29.37 Formed Wedge; Alkeon Capital Management Has Cut Its Netease (NTES) Stake

Alkeon Capital Management Llc decreased Netease Inc (NTES) stake by 50.67% reported in 2017Q3 SEC filing. Alkeon Capital Management Llc sold 205,000 shares as Netease Inc (NTES)’s stock declined 3.53%. The Alkeon Capital Management Llc holds 199,607 shares with $52.66M value, down from 404,607 last quarter. Netease Inc now has $41.66 billion valuation. The stock increased 0.42% or $1.34 during the last trading session, reaching $317.4. About 1.18 million shares traded. NetEase, Inc. (NASDAQ:NTES) has risen 77.85% since February 4, 2017 and is uptrending. It has outperformed by 61.15% the S&P500.

Equity Commonwealth (EQC) formed wedge down with $28.49 target or 3.00% below today’s $29.37 share price. Equity Commonwealth (EQC) has $3.64B valuation. The stock decreased 0.94% or $0.28 during the last trading session, reaching $29.37. About 700,483 shares traded or 29.44% up from the average. Equity Commonwealth (NYSE:EQC) has risen 13.35% since February 4, 2017 and is uptrending. It has underperformed by 3.35% the S&P500.

Among 3 analysts covering Equity Commonwealth (NYSE:EQC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Equity Commonwealth had 9 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Thursday, September 1 by Citigroup. On Monday, September 14 the stock rating was upgraded by Citigroup to “Neutral”. The stock of Equity Commonwealth (NYSE:EQC) earned “Neutral” rating by Citigroup on Friday, September 11. On Friday, July 14 the stock rating was maintained by Stifel Nicolaus with “Hold”. As per Monday, August 10, the company rating was upgraded by Zacks. Stifel Nicolaus maintained Equity Commonwealth (NYSE:EQC) rating on Monday, September 18. Stifel Nicolaus has “Hold” rating and $33.0 target. The rating was upgraded by Bank of America to “Neutral” on Wednesday, September 9. The firm has “Buy” rating given on Monday, August 15 by Bank of America. As per Friday, November 6, the company rating was downgraded by Stifel Nicolaus.

Analysts await Equity Commonwealth (NYSE:EQC) to report earnings on February, 21. They expect $0.20 EPS, down 13.04% or $0.03 from last year’s $0.23 per share. EQC’s profit will be $24.81M for 36.71 P/E if the $0.20 EPS becomes a reality. After $0.22 actual EPS reported by Equity Commonwealth for the previous quarter, Wall Street now forecasts -9.09% negative EPS growth.

Among 18 analysts covering NetEase (NASDAQ:NTES), 11 have Buy rating, 4 Sell and 3 Hold. Therefore 61% are positive. NetEase had 41 analyst reports since August 12, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Tuesday, January 23 report. The company was maintained on Tuesday, August 22 by Jefferies. The firm has “Buy” rating given on Monday, November 28 by Jefferies. Jefferies maintained NetEase, Inc. (NASDAQ:NTES) on Thursday, November 16 with “Hold” rating. The firm earned “Overweight” rating on Thursday, February 25 by JP Morgan. Jefferies maintained NetEase, Inc. (NASDAQ:NTES) rating on Monday, December 18. Jefferies has “Hold” rating and $345.0 target. Goldman Sachs initiated it with “Buy” rating and $190 target in Wednesday, November 25 report. The stock has “Buy” rating by Bank of America on Friday, November 17. Nomura upgraded the shares of NTES in report on Thursday, May 12 to “Buy” rating. The rating was initiated by Brean Capital with “Buy” on Monday, July 18.

Alkeon Capital Management Llc increased Sina Corp (NASDAQ:SINA) stake by 614,000 shares to 2.71 million valued at $310.34M in 2017Q3. It also upped Cadence Design System Inc (NASDAQ:CDNS) stake by 15,000 shares and now owns 5.73M shares. Zayo Group Hldgs Inc (NYSE:ZAYO) was raised too.