California Public Employees Retirement System grew its position in shares of NetEase, Inc. (NASDAQ:NTES) by 8.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 158,800 shares of the technology company’s stock after acquiring an additional 11,900 shares during the period. California Public Employees Retirement System owned about 0.12% of NetEase worth $47,740,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NTES. BlackRock Inc. grew its stake in shares of NetEase by 1,571.4% in the 1st quarter. BlackRock Inc. now owns 5,039,176 shares of the technology company’s stock worth $1,431,127,000 after buying an additional 4,737,686 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of NetEase in the 2nd quarter worth approximately $287,603,000. FMR LLC grew its stake in shares of NetEase by 63.3% in the 2nd quarter. FMR LLC now owns 2,170,611 shares of the technology company’s stock worth $652,551,000 after buying an additional 841,692 shares during the last quarter. Credit Agricole S A grew its stake in shares of NetEase by 19.2% in the 1st quarter. Credit Agricole S A now owns 4,395,661 shares of the technology company’s stock worth $1,248,368,000 after buying an additional 709,148 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of NetEase by 142.3% in the 2nd quarter. Fisher Asset Management LLC now owns 839,739 shares of the technology company’s stock worth $252,451,000 after buying an additional 493,209 shares during the last quarter. Institutional investors own 50.38% of the company’s stock.

NetEase, Inc. (NASDAQ:NTES) opened at 271.61 on Friday. NetEase, Inc. has a 12 month low of $211.11 and a 12 month 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 paid a $0.83 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $3.32 annualized dividend and a dividend yield of 1.22%. NetEase’s dividend payout ratio (DPR) is 25.07%.

Several research firms recently issued reports on NTES. Vetr raised NetEase from a “buy” rating to a “strong-buy” rating and set a $320.50 price target on the stock in a report on Wednesday. ValuEngine cut NetEase from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub cut NetEase from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research cut NetEase from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 16th. Finally, CLSA cut NetEase from an “outperform” rating to an “underperform” rating in a report on Thursday, August 10th. 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 company. The stock currently has a consensus rating of “Hold” and an average target price of $303.78.

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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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