Todd Asset Management LLC Decreases Stake in NetEase, Inc. (NTES)

Todd Asset Management LLC lessened its position in NetEase, Inc. (NASDAQ:NTES) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,966 shares of the technology company’s stock after selling 989 shares during the quarter. Todd Asset Management LLC owned about 0.06% of NetEase worth $20,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in shares of NetEase by 21.4% in the second quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock valued at $118,000 after acquiring an additional 69 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of NetEase by 22.4% in the second quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock valued at $161,000 after acquiring an additional 98 shares in the last quarter. Mariner Wealth Advisors LLC purchased a new position in shares of NetEase in the second quarter valued at approximately $203,000. Huntington National Bank lifted its position in shares of NetEase by 84.7% in the second quarter. Huntington National Bank now owns 700 shares of the technology company’s stock valued at $210,000 after acquiring an additional 321 shares in the last quarter. Finally, Hikari Power Ltd purchased a new position in shares of NetEase in the second quarter valued at approximately $210,000. Institutional investors and hedge funds own 50.30% of the company’s stock.

NetEase, Inc. (NASDAQ NTES) traded down $0.71 during mid-day trading on Tuesday, reaching $302.16. The company’s stock had a trading volume of 1,137,900 shares, compared to its average volume of 1,248,434. The firm has a market capitalization of $39,160.00, a PE ratio of 19.83, a price-to-earnings-growth ratio of 1.28 and a beta of 0.93. NetEase, Inc. has a one year low of $211.11 and a one year high of $337.55.

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Several equities analysts have recently weighed in on the company. BidaskClub downgraded NetEase from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Vetr upgraded NetEase from a “hold” rating to a “buy” rating and set a $323.68 target price on the stock in a research report on Monday. Jefferies Group LLC downgraded NetEase from a “buy” rating to a “hold” rating and decreased their target price for the company from $330.00 to $290.00 in a research report on Tuesday, October 3rd. ValuEngine downgraded NetEase from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded NetEase from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $303.64.

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.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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