FIL Ltd lowered its position in NetEase, Inc. (NASDAQ:NTES) by 20.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 637,023 shares of the technology company’s stock after selling 160,595 shares during the period. FIL Ltd owned 0.48% of NetEase worth $191,508,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in NetEase by 1,571.4% in the first quarter. BlackRock Inc. now owns 5,039,176 shares of the technology company’s stock worth $1,431,127,000 after acquiring an additional 4,737,686 shares in the last quarter. Credit Agricole S A boosted its holdings 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 worth $1,248,368,000 after acquiring an additional 709,148 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in NetEase by 12.7% in the first quarter. Renaissance Technologies LLC now owns 2,269,700 shares of the technology company’s stock worth $644,595,000 after acquiring an additional 255,800 shares in the last quarter. FMR LLC boosted its holdings in NetEase by 63.3% in the second quarter. FMR LLC now owns 2,170,611 shares of the technology company’s stock worth $652,551,000 after acquiring an additional 841,692 shares in the last quarter. Finally, State Street Corp boosted its holdings in NetEase by 8.8% in the first quarter. State Street Corp now owns 1,712,268 shares of the technology company’s stock worth $486,279,000 after acquiring an additional 137,801 shares in the last quarter. Institutional investors and hedge funds own 50.38% of the company’s stock.

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NTES has been the subject of several analyst reports. Vetr downgraded NetEase from a “strong-buy” rating to a “buy” rating and set a $327.04 price objective for the company. in a research note on Monday. Zacks Investment Research downgraded NetEase from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub raised NetEase from a “hold” rating to a “buy” rating in a research note on Friday, July 14th. ValuEngine downgraded NetEase from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $330.00 price objective on shares of NetEase in a research note on Friday, June 16th. Four research analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $303.78.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 25th were given a $0.83 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $3.32 annualized dividend and a yield of 1.17%. NetEase’s dividend payout ratio (DPR) is presently 25.07%.

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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