5 Best China Stocks to Buy Now

4. NetEase, Inc. (NASDAQ:NTES)

Number of Hedge Fund Holders: 43

NetEase, Inc. (NASDAQ:NTES) is a Chinese internet company that provides online services to its consumers. In Q2, the company posted an EPS of $0.97, beating the estimates by $0.03. With the rising demand for 5G around the world, NetEase, Inc. (NASDAQ:NTES) remains one of the best China stocks to buy now.

NetEase, Inc. (NASDAQ:NTES) pays an annual dividend of $0.95 per share. The stock’s current dividend yield stands at 0.85%. This August, China Renaissance assumed its coverage on the stock with a Buy rating and a $129 price target.

At the end of Q2, 43 hedge funds tracked by Insider Monkey were bullish on NetEase, Inc. (NASDAQ:NTES), with stakes valued at over $3.7 billion. In the previous quarter, 32 hedge funds had positions in the company, highlighting a positive hedge fund sentiment in Q2. Fisher Asset Management is the leading shareholder of NetEase, Inc. (NASDAQ:NTES) in Q3, with over 1.7 million shares.