Andra AP fonden purchased a new stake in NetEase Inc (NASDAQ:NTES) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,000 shares of the technology company’s stock, valued at approximately $5,811,000.

Several other institutional investors have also bought and sold shares of NTES. Schwab Charles Investment Management Inc. boosted its position in NetEase by 65.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 59,314 shares of the technology company’s stock worth $16,632,000 after purchasing an additional 23,537 shares in the last quarter. KBC Group NV boosted its position in NetEase by 5.5% during the first quarter. KBC Group NV now owns 10,104 shares of the technology company’s stock worth $2,833,000 after purchasing an additional 528 shares in the last quarter. First Republic Investment Management Inc. purchased a new stake in NetEase during the first quarter worth $436,000. Great West Life Assurance Co. Can boosted its position in NetEase by 1.8% during the first quarter. Great West Life Assurance Co. Can now owns 39,686 shares of the technology company’s stock worth $11,140,000 after purchasing an additional 700 shares in the last quarter. Finally, Employees Retirement System of Texas boosted its position in NetEase by 14.3% during the first quarter. Employees Retirement System of Texas now owns 95,713 shares of the technology company’s stock worth $26,837,000 after purchasing an additional 11,943 shares in the last quarter. Hedge funds and other institutional investors own 45.79% of the company’s stock.

NTES has been the topic of a number of research analyst reports. Macquarie downgraded NetEase from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 9th. Barclays reiterated a “hold” rating and set a $275.00 target price (up from $255.00) on shares of NetEase in a research report on Saturday, July 28th. BidaskClub downgraded NetEase from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Nomura decreased their target price on NetEase from $386.00 to $352.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. Finally, Zacks Investment Research upgraded NetEase from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. NetEase has a consensus rating of “Buy” and an average price target of $324.46.

NASDAQ NTES opened at $214.75 on Monday. NetEase Inc has a fifty-two week low of $184.60 and a fifty-two week high of $377.64. The firm has a market capitalization of $28.20 billion, a PE ratio of 17.30, a P/E/G ratio of 1.86 and a beta of 0.80.

NetEase (NASDAQ:NTES) last released its quarterly earnings results on Wednesday, August 8th. The technology company reported $2.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.82. NetEase had a return on equity of 14.57% and a net margin of 11.49%. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.61 billion. equities research analysts anticipate that NetEase Inc will post 7.01 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 24th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.14%. This is a boost from NetEase’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, August 23rd. NetEase’s payout ratio is 19.58%.

About NetEase

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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