Credit Suisse began coverage on shares of Weibo Corp (ADR) (NASDAQ:WB), in a report released on Tuesday,TheFlyOnTheWall.com reports. The firm issued an outperform rating and a $23.00 price objective on the stock. Weibo Corp (ADR) (NASDAQ:WB), net profit margin is -36.20% and weekly performance is 2.58%. On last trading day company shares ended up $20.64. Analysts mean target price for the company is $21.88. Weibo Corp (ADR) (NASDAQ:WB), distance from 50-day simple moving average (SMA50) is 6.31%.
On June 27, 2014, NetEase, Inc (ADR) (NASDAQ:NTES), one of China’s leading Internet and online game services providers, announced that its online payment platform, Wangyibao, has secured a license from the China Securities Regulatory Commission (the “CSRC”) to provide payment and settlement services for wealth management products. NetEase, Inc (ADR) (NASDAQ:NTES), fell 0.77% in last trading session and ended the day on $77.69. NTES, Gross Margin is 73.10% and its return on assets is 18.90%. NetEase, Inc (ADR) (NASDAQ:NTES), quarterly performance is 20.10%.
YY Inc (ADR) (NASDAQ:YY), saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 5,834,290 shares, a growth of 34.7% from the April 30th total of 4,330,481 shares, American Banking & Market Newsreports. Based on an average daily volume of 3,603,927 shares, the short-interest ratio is presently 1.6 days. Currently, 17.4% of the company’s shares are sold short. YY Inc (ADR) (NASDAQ:YY), shares moved up 0.21% in last trading session and was closed at $74.65, while trading in range of $73.83 – 75.53. YY Inc (ADR) (NASDAQ:YY), year to date (YTD) performance is 48.47%.
On June 16, 2014, Yandex NV (NASDAQ:YNDX), announced that it has agreed to acquire Auto.ru, one of the leading online auto classifieds businesses in Russia. Yandex NV (NASDAQ:YNDX), ended the last trading day at $35.16. Company weekly volatility is calculated as 3.58% and price to cash ratio as 15.21. Yandex NV (NASDAQ:YNDX), showed a positive weekly performance of 4.05%.
On June 11, 2014, Qihoo 360 Technology Co Ltd (NYSE:QIHU), announced the launch of its full international product line at the Mobile Asia Expo 2014, highlighting 360 Security’s revolutionary “Orion” antivirus engine. The Company stated that Orion, deployed with 360 Security V1.9, improves security protection considerably with several new features such as the “Sky Bridge” underlying architecture, which increases scanning speed by 300%; “Retina” Active Scan, which uses millisecond snapshot technology to improve scanning performance, and the “Hawkeye” System, a global cloud security system, which provides real-time global mobile security. The Company added that at Mobile Asia Expo 2014, it also launched its 360 Browser, 360 Mobile Assistant and 360 Total Security products, along with 360 Smart Key. Qihoo 360 Technology Co Ltd (NYSE:QIHU), net profit margin is 17.30% and weekly performance is 1.70%. On last trading day company shares ended up $91.12. Analysts mean target price for the company is $137.55. Qihoo 360 Technology Co Ltd (NYSE:QIHU), distance from 50-day simple moving average (SMA50) is 4.47%.