According to a recent Form 13F filing submitted to the SEC, BNP Paribas Arbitrage disclosed a noteworthy and bullish position in NTES stock. Here’s what you need to know about NetEase, Inc., as well as BNP Paribas Arbitrage’s position in shares of NTES stock:
About NetEase, Inc. (NASDAQ: NTES)
NetEase, Inc. provides online services focusing on diverse content, community, communication, and commerce in the Peoples’ Republic of China and internationally. The company operates in three segments: Online Game Services, Youdao, Cloud Music, and Innovative Businesses and Others. It develops and operates PC and mobile games, as well as offers games licensed from other game developers. The company’s products and services include Youdao Dictionary, an online knowledge tool; Youdao Translation, a tool specifically designed to support translation needs of business and leisure travelers; U-Dictionary, an online dictionary and translation app; Youdao Kids’ Dictionary, a smart and fun tool; smart devices, such as Youdao Dictionary Pen, Youdao Listening Pod, Youdao Smart Lamp, Youdao Pocket Translator, and Youdao Super Dictionary; online courses; interactive learning apps; enterprise services, such as Youdao Smart Learning Terminal, a device that automates paper-based homework processing and provides learning diagnosis through artificial intelligence technology at schools; and Youdao Smart Cloud, a cloud-based platform that allows third-party app developers, smart device brands and manufacturers to access advanced optical character recognition capabilities and neural machine translation engine. Its products and services also include NetEase Cloud Music, a music streaming platform; Yanxuan, an e-commerce platform, which sells private label products, including consumer electronics, food, apparel, homeware, kitchenware, and other general merchandise; NetEase Media, an internet media platform; NetEase Mail, an email service; NetEase CC Live streaming, a live streaming platform with a focus on game broadcasting; and NetEase Pay, a payment platform. The company was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. NetEase, Inc. was founded in 1997 and is headquartered in Hangzhou, the People’s Republic of China. Learn more about NetEase, Inc. on their website here
Bnp Paribas Arbitrage Position in NTES
According to the most recent 13F filed by BNP Paribas Arbitrage, the firm added 90,986 shares of NTES stock to it holdings in the recent quarter. That brings their total long position in NetEase, Inc. to 132,817 shares, representing approximately 0.0202% of the entire 656,798,050 NTES shares outstanding. Based on the most recent closing price of $71.60 per share of NTES, the entire Bnp Paribas Arbitrage position in NetEase, Inc. stock is worth roughly $9,509,697.20.
Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like BNP Paribas Arbitrage. Also be sure to check out more recent 13F filing analysis news here.