Edmond DE Rothschild Holding S.A. raised its position in shares of NetEase, Inc. (NASDAQ:NTES) by 112.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,710 shares of the technology company’s stock after acquiring an additional 21,010 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in NetEase were worth $11,938,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NTES. BlackRock Inc. boosted its holdings in NetEase by 1,571.4% during the first quarter. BlackRock Inc. now owns 5,039,176 shares of the technology company’s stock valued at $1,431,127,000 after acquiring an additional 4,737,686 shares during the period. FMR LLC boosted its holdings in NetEase by 165.4% during the first quarter. FMR LLC now owns 1,328,919 shares of the technology company’s stock valued at $377,413,000 after acquiring an additional 828,139 shares during the period. Credit Agricole S A boosted its holdings in NetEase by 19.2% during 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 acquiring an additional 709,148 shares during the period. Fisher Asset Management LLC boosted its holdings in NetEase by 142.3% during the second quarter. Fisher Asset Management LLC now owns 839,739 shares of the technology company’s stock valued at $252,451,000 after acquiring an additional 493,209 shares during the period. Finally, Boston Partners boosted its holdings in NetEase by 29.3% during the second quarter. Boston Partners now owns 1,210,207 shares of the technology company’s stock valued at $363,824,000 after acquiring an additional 273,924 shares during the period. Institutional investors own 50.38% of the company’s stock.

NTES has been the subject of a number of recent analyst reports. Vetr cut shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price target for the company. in a report on Monday, May 22nd. Jefferies Group LLC restated a “buy” rating and set a $330.00 price target on shares of NetEase in a report on Monday, May 22nd. Standpoint Research cut shares of NetEase from a “buy” rating to a “reduce” rating and upped their price target for the company from $345.00 to $360.00 in a report on Wednesday, June 7th. BidaskClub upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Finally, Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 price target for the company in a report on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. NetEase presently has a consensus rating of “Hold” and a consensus price target of $306.40.

NetEase, Inc. (NASDAQ NTES) traded down 0.35% on Friday, reaching $267.57. 525,568 shares of the company traded hands. The firm has a market cap of $35.27 billion, a P/E ratio of 17.55 and a beta of 0.96. The stock has a 50-day moving average price of $283.24 and a 200-day moving average price of $288.75. NetEase, Inc. has a 52-week low of $211.11 and a 52-week high of $337.55.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 25th were paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.24%. The ex-dividend date was Wednesday, August 23rd. NetEase’s dividend payout ratio (DPR) is 25.07%.

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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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