V Square Quantitative Management LLC Buys 710 Shares of NetEase, Inc. (NASDAQ:NTES)

V Square Quantitative Management LLC increased its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 17.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,694 shares of the technology company’s stock after acquiring an additional 710 shares during the period. V Square Quantitative Management LLC’s holdings in NetEase were worth $421,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NTES. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in NetEase by 13,747.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company’s stock valued at $585,227,000 after purchasing an additional 6,213,248 shares during the last quarter. Hhlr Advisors LTD. boosted its holdings in shares of NetEase by 86.8% during the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock worth $242,092,000 after buying an additional 1,203,129 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of NetEase by 7.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company’s stock worth $107,130,000 after buying an additional 82,474 shares during the period. Wellington Management Group LLP grew its stake in NetEase by 1.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company’s stock valued at $95,400,000 after buying an additional 10,920 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in NetEase by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 666,411 shares of the technology company’s stock worth $62,316,000 after acquiring an additional 72,988 shares during the period. 11.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NTES shares. Morgan Stanley raised their price target on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America raised their target price on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Benchmark cut their price target on NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a report on Friday, November 15th. Citigroup raised their price objective on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

NetEase Trading Down 1.2 %

Shares of NASDAQ NTES opened at $103.50 on Friday. The firm has a market capitalization of $66.46 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 3.45 and a beta of 0.58. NetEase, Inc. has a one year low of $75.85 and a one year high of $114.50. The business has a fifty day simple moving average of $97.15 and a 200 day simple moving average of $89.30.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.