Perpetual Ltd Acquires Shares of 917 NetEase, Inc. (NTES)

Perpetual Ltd bought a new stake in NetEase, Inc. (NASDAQ:NTES) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 917 shares of the technology company’s stock, valued at approximately $276,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in shares of NetEase by 30.3% during the 1st quarter. Stifel Financial Corp now owns 2,408 shares of the technology company’s stock valued at $679,000 after purchasing an additional 560 shares during the last quarter. AXA acquired a new stake in NetEase during the 1st quarter worth approximately $227,000. Teachers Advisors LLC boosted its position in NetEase by 7.0% during the 1st quarter. Teachers Advisors LLC now owns 35,083 shares of the technology company’s stock worth $9,964,000 after buying an additional 2,300 shares during the period. MARSHALL WACE ASIA Ltd acquired a new stake in NetEase during the 1st quarter worth approximately $242,000. Finally, Vanguard Group Inc. boosted its position in NetEase by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 436,338 shares of the technology company’s stock worth $123,919,000 after buying an additional 12,565 shares during the period. 50.36% of the stock is currently owned by hedge funds and other institutional investors.

NetEase, Inc. (NASDAQ:NTES) traded up 2.71% on Friday, hitting $283.53. 1,499,520 shares of the company traded hands. The firm’s 50 day moving average price is $273.20 and its 200 day moving average price is $285.72. NetEase, Inc. has a 1-year low of $211.11 and a 1-year high of $337.55. The firm has a market capitalization of $37.37 billion, a PE ratio of 18.38 and a beta of 0.94.

WARNING: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://www.dispatchtribunal.com/2017/10/28/perpetual-ltd-takes-position-in-netease-inc-ntes.html.

Several equities research analysts recently commented on the stock. BidaskClub downgraded shares of NetEase from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Deutsche Bank AG restated a “buy” rating and issued a $343.00 price target (up previously from $300.00) on shares of NetEase in a research report on Tuesday, July 25th. Credit Suisse Group restated an “outperform” rating and issued a $315.00 price target on shares of NetEase in a research report on Tuesday, October 3rd. CLSA downgraded shares of NetEase from an “outperform” rating to an “underperform” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 target price on the stock in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target 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)

Receive News & Ratings for NetEase Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply