Strs Ohio decreased its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 9,700 shares of the technology company’s stock after selling 200 shares during the period. Strs Ohio’s holdings in NetEase were worth $2,916,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. OLD National Bancorp IN raised its stake in shares of NetEase by 0.4% in the second quarter. OLD National Bancorp IN now owns 930 shares of the technology company’s stock valued at $280,000 after buying an additional 4 shares in the last quarter. Norinchukin Bank The raised its stake in shares of NetEase by 0.9% in the first quarter. Norinchukin Bank The now owns 2,468 shares of the technology company’s stock valued at $701,000 after buying an additional 22 shares in the last quarter. Financial Counselors Inc. raised its stake in shares of NetEase by 2.0% in the first quarter. Financial Counselors Inc. now owns 1,191 shares of the technology company’s stock valued at $338,000 after buying an additional 23 shares in the last quarter. Suntrust Banks Inc. raised its stake in shares of NetEase by 2.6% in the first quarter. Suntrust Banks Inc. now owns 1,512 shares of the technology company’s stock valued at $429,000 after buying an additional 39 shares in the last quarter. Finally, Howe & Rusling Inc. raised its stake in shares of NetEase by 7.2% in the first quarter. Howe & Rusling Inc. now owns 715 shares of the technology company’s stock valued at $203,000 after buying an additional 48 shares in the last quarter. 55.53% of the stock is currently owned by institutional investors and hedge funds.

NetEase, Inc. (NASDAQ NTES) opened at 315.05 on Thursday. The company’s 50-day moving average price is $308.81 and its 200 day moving average price is $287.70. NetEase, Inc. has a 52 week low of $199.01 and a 52 week high of $337.55. The company has a market cap of $41.44 billion, a PE ratio of 21.42 and a beta of 0.92.

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Several equities research analysts have weighed in on NTES shares. Instinet reaffirmed a “buy” rating and issued a $307.00 target price on shares of NetEase in a research report on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $300.00 target price on shares of NetEase in a research report on Wednesday, April 26th. Benchmark Co. started coverage on NetEase in a research report on Tuesday, April 18th. They issued a “buy” rating and a $325.00 target price on the stock. Vetr lowered NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 target price on the stock. in a research report on Monday, May 22nd. Finally, BidaskClub lowered NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $301.90.

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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