US Bancorp DE boosted its position in shares of NetEase, Inc. (NASDAQ:NTES) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 4,041 shares of the technology company’s stock after buying an additional 50 shares during the period. US Bancorp DE’s holdings in NetEase were worth $1,215,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NTES. BlackRock Inc. raised its position in NetEase by 1,571.4% in the first quarter. BlackRock Inc. now owns 5,039,176 shares of the technology company’s stock worth $1,431,127,000 after buying an additional 4,737,686 shares during the period. Credit Agricole S A raised its position in NetEase by 19.2% in the first quarter. Credit Agricole S A now owns 4,395,661 shares of the technology company’s stock worth $1,248,368,000 after buying an additional 709,148 shares during the period. Renaissance Technologies LLC raised its position in NetEase by 12.7% in the first quarter. Renaissance Technologies LLC now owns 2,269,700 shares of the technology company’s stock worth $644,595,000 after buying an additional 255,800 shares during the period. State Street Corp raised its position in NetEase by 8.8% in the first quarter. State Street Corp now owns 1,712,268 shares of the technology company’s stock worth $486,279,000 after buying an additional 137,801 shares during the period. Finally, FMR LLC raised its position in NetEase by 165.4% in the first quarter. FMR LLC now owns 1,328,919 shares of the technology company’s stock worth $377,413,000 after buying an additional 828,139 shares during the period. Institutional investors own 55.53% of the company’s stock.

NetEase, Inc. (NASDAQ NTES) traded up 0.216% on Tuesday, hitting $308.475. 612,647 shares of the company’s stock traded hands. The firm has a market cap of $40.57 billion, a PE ratio of 21.110 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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A number of equities analysts have recently commented on NTES shares. Zacks Investment Research lowered shares of NetEase from a “buy” rating to a “hold” rating in a research report on Tuesday. Instinet lowered shares of NetEase from a “buy” rating to a “neutral” rating and cut their price objective for the company from $307.00 to $297.00 in a research report on Thursday, May 11th. BidaskClub upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research report on Friday, July 14th. Jefferies Group LLC restated a “buy” rating and issued a $330.00 price objective on shares of NetEase in a research report on Friday, June 16th. Finally, Standpoint Research lowered shares of NetEase from a “buy” rating to a “reduce” rating and raised their price objective for the company from $345.00 to $360.00 in a research report on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. NetEase currently has a consensus rating of “Buy” and a consensus 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.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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