British Airways Pensions Investment Management Ltd increased its stake in NetEase, Inc. (NASDAQ:NTES) by 42.6% during the second quarter, Holdings Channel reports. The fund owned 55,559 shares of the technology company’s stock after buying an additional 16,600 shares during the period. British Airways Pensions Investment Management Ltd’s holdings in NetEase were worth $16,693,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. NBT Bank N A NY bought a new stake in shares of NetEase during the first quarter valued at approximately $568,000. Profund Advisors LLC raised its stake in shares of NetEase by 9.4% in the first quarter. Profund Advisors LLC now owns 11,770 shares of the technology company’s stock valued at $3,343,000 after buying an additional 1,010 shares during the last quarter. Fisher Asset Management LLC bought a new stake in shares of NetEase during the first quarter valued at approximately $98,415,000. Hexavest Inc. bought a new stake in shares of NetEase during the first quarter valued at approximately $1,615,000. Finally, Boston Advisors LLC raised its stake in shares of NetEase by 227.3% in the first quarter. Boston Advisors LLC now owns 3,960 shares of the technology company’s stock valued at $1,125,000 after buying an additional 2,750 shares during the last quarter. Institutional investors own 55.53% of the company’s stock.

NetEase, Inc. (NASDAQ NTES) opened at 304.47 on Monday. The stock has a market cap of $40.05 billion, a PE ratio of 20.84 and a beta of 0.92. NetEase, Inc. has a 12-month low of $197.00 and a 12-month high of $337.55.

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Several brokerages have commented on NTES. BidaskClub upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Deutsche Bank AG restated a “buy” rating and set a $343.00 target price (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 target price on the stock in a research report on Wednesday, July 12th. Standpoint Research lowered shares of NetEase from a “buy” rating to a “reduce” rating and boosted their price objective for the stock from $345.00 to $360.00 in a research report on Wednesday, June 7th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $330.00 price objective on shares of NetEase in a research report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. NetEase currently has a consensus rating of “Buy” and a consensus target price 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.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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