Vanguard Group Inc. Boosts Position in NetEase, Inc. (NTES)

Vanguard Group Inc. boosted its position in shares of NetEase, Inc. (NASDAQ:NTES) by 3.0% during the first quarter, Holdings Channel reports. The fund owned 436,338 shares of the technology company’s stock after buying an additional 12,565 shares during the period. Vanguard Group Inc.’s holdings in NetEase were worth $123,919,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NTES. Norinchukin Bank The increased its stake in NetEase by 0.9% in the first quarter. Norinchukin Bank The now owns 2,468 shares of the technology company’s stock worth $701,000 after buying an additional 22 shares during the last quarter. Financial Counselors Inc. increased its stake in NetEase by 2.0% in the first quarter. Financial Counselors Inc. now owns 1,191 shares of the technology company’s stock worth $338,000 after buying an additional 23 shares during the last quarter. Suntrust Banks Inc. increased its stake in NetEase by 2.6% in the first quarter. Suntrust Banks Inc. now owns 1,512 shares of the technology company’s stock worth $429,000 after buying an additional 39 shares during the last quarter. Howe & Rusling Inc. increased its stake in NetEase by 7.2% in the first quarter. Howe & Rusling Inc. now owns 715 shares of the technology company’s stock worth $203,000 after buying an additional 48 shares during the last quarter. Finally, Cim LLC increased its stake in NetEase by 2.2% in the first quarter. Cim LLC now owns 3,601 shares of the technology company’s stock worth $1,023,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 55.33% of the company’s stock.

Shares of NetEase, Inc. (NASDAQ:NTES) opened at 308.89 on Wednesday. NetEase, Inc. has a 1-year low of $197.00 and a 1-year high of $337.55. The stock has a market capitalization of $40.63 billion, a PE ratio of 21.08 and a beta of 0.92.

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A number of equities research analysts have weighed in on the company. Deutsche Bank AG restated a “buy” rating and set a $343.00 price target (up previously from $300.00) on shares of NetEase in a research report on Tuesday. BidaskClub upgraded NetEase from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Vetr downgraded NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price objective on the stock. in a report on Monday, May 22nd. Standpoint Research downgraded NetEase from a “buy” rating to a “reduce” rating and lifted their price objective for the stock from $345.00 to $360.00 in a report on Wednesday, June 7th. Finally, Zacks Investment Research upgraded NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 price objective on the stock in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $298.02.

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.

Want to see what other hedge funds are holding NTES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetEase, Inc. (NASDAQ:NTES).

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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