Axa increased its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 3,726.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,611 shares of the technology company’s stock after purchasing an additional 29,811 shares during the period. Axa’s holdings in NetEase were worth $9,203,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of NetEase by 51.0% during the 1st quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock worth $104,000 after purchasing an additional 124 shares during the last quarter. IFP Advisors Inc raised its position in shares of NetEase by 21.4% during the 2nd quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock worth $118,000 after purchasing an additional 69 shares during the last quarter. Huntington National Bank raised its position in shares of NetEase by 84.7% during the 2nd quarter. Huntington National Bank now owns 700 shares of the technology company’s stock worth $210,000 after purchasing an additional 321 shares during the last quarter. Hikari Power Ltd acquired a new position in shares of NetEase during the 2nd quarter worth about $210,000. Finally, Private Advisory Group LLC acquired a new position in shares of NetEase during the 1st quarter worth about $205,000. Hedge funds and other institutional investors own 50.38% of the company’s stock.
Shares of NetEase, Inc. (NTES) opened at 271.35 on Wednesday. The stock has a market cap of $35.76 billion, a PE ratio of 17.99 and a beta of 0.96. NetEase, Inc. has a 1-year low of $211.11 and a 1-year high of $337.55. The stock has a 50 day moving average of $286.74 and a 200 day moving average of $289.24.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 25th were given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Wednesday, August 23rd. NetEase’s dividend payout ratio is presently 25.07%.
NTES has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of NetEase from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Vetr upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating and set a $362.33 price objective for the company in a report on Tuesday, May 30th. CLSA downgraded shares of NetEase from an “outperform” rating to an “underperform” rating in a report on Thursday, August 10th. BidaskClub downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $343.00 price objective (up previously from $300.00) on shares of NetEase in a report on Tuesday, July 25th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $306.40.
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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