Northern Trust Corp lifted its stake in NetEase, Inc. (NASDAQ:NTES) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 609,010 shares of the technology company’s stock after buying an additional 2,135 shares during the period. Northern Trust Corp owned approximately 0.46% of NetEase worth $183,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its stake in NetEase by 21.4% during the 2nd quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock worth $118,000 after purchasing an additional 69 shares during the period. PNC Financial Services Group Inc. boosted its stake in NetEase by 22.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock worth $161,000 after purchasing an additional 98 shares during the period. Private Advisory Group LLC acquired a new stake in NetEase during the 1st quarter worth $205,000. Huntington National Bank boosted its stake in NetEase by 84.7% during the 2nd quarter. Huntington National Bank now owns 700 shares of the technology company’s stock worth $210,000 after purchasing an additional 321 shares during the period. Finally, Hikari Power Ltd acquired a new stake in NetEase during the 2nd quarter worth $210,000. 50.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NetEase, Inc. (NTES) opened at 271.61 on Monday. NetEase, Inc. has a 1-year low of $211.11 and a 1-year high of $337.55.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 25th were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $3.32 annualized dividend and a dividend yield of 1.22%. NetEase’s dividend payout ratio is currently 25.07%.

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A number of brokerages recently weighed in on NTES. BidaskClub cut shares of NetEase from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research cut shares of NetEase from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 16th. ValuEngine cut shares of NetEase from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Vetr upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating and set a $320.50 price target for the company in a research note on Wednesday, September 20th. Finally, Standpoint Research cut shares of NetEase from a “buy” rating to a “reduce” rating and increased their price target for the stock from $345.00 to $360.00 in a research note on Wednesday, June 7th. Four 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 stock. The company presently has an average rating of “Hold” and an average price target of $303.78.

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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