Global X Management Co. LLC boosted its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 44.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,242 shares of the technology company’s stock after buying an additional 7,487 shares during the period. Global X Management Co. LLC’s holdings in NetEase were worth $7,288,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in NetEase by 1,571.4% in the first quarter. BlackRock Inc. now owns 5,039,176 shares of the technology company’s stock valued at $1,431,127,000 after buying an additional 4,737,686 shares in the last quarter. FMR LLC increased its stake in NetEase by 165.4% in the first quarter. FMR LLC now owns 1,328,919 shares of the technology company’s stock valued at $377,413,000 after buying an additional 828,139 shares in the last quarter. Credit Agricole S A increased its stake 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 valued at $1,248,368,000 after buying an additional 709,148 shares in the last quarter. Fisher Asset Management LLC increased its stake in NetEase by 142.3% in the second quarter. Fisher Asset Management LLC now owns 839,739 shares of the technology company’s stock valued at $252,451,000 after buying an additional 493,209 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in NetEase by 12.7% in the first quarter. Renaissance Technologies LLC now owns 2,269,700 shares of the technology company’s stock valued at $644,595,000 after buying an additional 255,800 shares in the last quarter. 55.53% of the stock is currently owned by hedge funds and other institutional investors.

NetEase, Inc. (NASDAQ NTES) opened at 280.96 on Friday. NetEase, Inc. has a 12-month low of $199.13 and a 12-month high of $337.55.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 25th will be paid a $0.83 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $3.32 annualized dividend and a yield of 1.18%. NetEase’s dividend payout ratio (DPR) is 24.73%.

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A number of analysts recently issued reports on NTES shares. 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. 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. BidaskClub downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Nomura reaffirmed a “hold” rating and issued a $297.00 target price (down previously from $305.00) on shares of NetEase in a research report on Thursday, May 11th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $343.00 target price (up previously from $300.00) on shares of NetEase in a research report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $301.90.

About NetEase

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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