Bank of Montreal Can decreased its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 27.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,460 shares of the technology company’s stock after selling 32,351 shares during the period. Bank of Montreal Can’s holdings in NetEase were worth $25,994,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in NetEase during the fourth quarter worth approximately $9,912,000. UBS Asset Management Americas Inc. increased its stake in NetEase by 9.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 833,766 shares of the technology company’s stock worth $179,544,000 after buying an additional 74,585 shares in the last quarter. USA Financial Portformulas Corp increased its stake in NetEase by 308.1% in the fourth quarter. USA Financial Portformulas Corp now owns 29,359 shares of the technology company’s stock worth $6,322,000 after buying an additional 22,165 shares in the last quarter. Teachers Advisors LLC increased its stake in NetEase by 6.5% in the fourth quarter. Teachers Advisors LLC now owns 32,783 shares of the technology company’s stock worth $7,059,000 after buying an additional 2,000 shares in the last quarter. Finally, Searle & CO. purchased a new stake in NetEase during the fourth quarter worth approximately $377,000. 54.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NetEase, Inc. (NASDAQ NTES) opened at 310.35 on Monday. NetEase, Inc. has a 12 month low of $193.27 and a 12 month high of $337.55.

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A number of analysts have recently commented on the company. BidaskClub raised NetEase from a “hold” rating to a “buy” rating in a research note on Friday. Vetr downgraded NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price objective on the stock. in a research note on Monday, May 22nd. Standpoint Research downgraded NetEase from a “buy” rating to a “reduce” rating and boosted their price objective for the stock from $345.00 to $360.00 in a research note on Wednesday, June 7th. Zacks Investment Research raised NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 price objective on the stock in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $330.00 price objective on shares of NetEase in a research note on Monday, May 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $295.52.

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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