Bp Plc lowered its holdings in NetEase, Inc. (NASDAQ:NTES) by 46.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,668 shares of the technology company’s stock after selling 27,021 shares during the period. Bp Plc’s holdings in NetEase were worth $8,091,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Teachers Advisors LLC grew its holdings in NetEase by 7.0% during the 1st quarter. Teachers Advisors LLC now owns 35,083 shares of the technology company’s stock valued at $9,964,000 after purchasing an additional 2,300 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new position in NetEase during the 1st quarter valued at $242,000. Vanguard Group Inc. boosted its stake in NetEase by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 436,338 shares of the technology company’s stock valued at $123,919,000 after acquiring an additional 12,565 shares during the last quarter. Paloma Partners Management Co boosted its stake in NetEase by 203.2% during the 1st quarter. Paloma Partners Management Co now owns 3,032 shares of the technology company’s stock valued at $861,000 after acquiring an additional 2,032 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in NetEase during the 1st quarter valued at $251,000. 50.41% of the stock is owned by institutional investors.
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A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. CLSA downgraded shares of NetEase from an “outperform” rating to an “underperform” rating in a research report on Thursday, August 10th. Deutsche Bank AG restated a “buy” rating and issued a $343.00 price target (up from $300.00) on shares of NetEase in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 price target on the stock in a research report on Wednesday, July 12th. Finally, Vetr downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $327.04 price target on the stock. in a research report on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $298.82.
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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