NetEase, Inc. (NTES) Stake Lessened by 1st Global Advisors Inc.

1st Global Advisors Inc. lessened its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,929 shares of the technology company’s stock after selling 9 shares during the quarter. 1st Global Advisors Inc.’s holdings in NetEase were worth $1,181,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Group LLC boosted its holdings in shares of NetEase by 3.3% during the 2nd quarter. Renaissance Group LLC now owns 51,703 shares of the technology company’s stock valued at $15,543,000 after acquiring an additional 1,656 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its holdings in shares of NetEase by 64.7% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 72,450 shares of the technology company’s stock valued at $21,781,000 after acquiring an additional 28,450 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of NetEase by 11.6% during the 1st quarter. Geode Capital Management LLC now owns 152,694 shares of the technology company’s stock valued at $43,243,000 after acquiring an additional 15,931 shares during the last quarter. Standard Life Investments LTD boosted its holdings in shares of NetEase by 14,556.7% during the 2nd quarter. Standard Life Investments LTD now owns 25,063 shares of the technology company’s stock valued at $7,534,000 after acquiring an additional 24,892 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of NetEase by 77.7% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 53,952 shares of the technology company’s stock valued at $16,220,000 after acquiring an additional 23,587 shares during the last quarter. 50.38% of the stock is currently owned by hedge funds and other institutional investors.

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NetEase, Inc. (NTES) traded up 2.90% during midday trading on Friday, hitting $279.65. 971,173 shares of the stock traded hands. The company’s 50 day moving average price is $271.45 and its 200 day moving average price is $285.84. NetEase, Inc. has a 12 month low of $211.11 and a 12 month high of $337.55. The firm has a market cap of $36.86 billion, a PE ratio of 18.13 and a beta of 0.94.

Several equities analysts have recently weighed in on the stock. BidaskClub cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. ValuEngine cut shares of NetEase from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. 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 research note on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $330.00 price objective on shares of NetEase in a research note on Friday, June 16th. Finally, Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 price objective on the stock in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $298.82.

NetEase Company Profile

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.

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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