Maple Brown Abbott Ltd boosted its position in shares of NetEase, Inc. (NASDAQ:NTES) by 2.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,131 shares of the technology company’s stock after buying an additional 2,176 shares during the period. NetEase makes up about 3.1% of Maple Brown Abbott Ltd’s portfolio, making the stock its 14th largest position. Maple Brown Abbott Ltd’s holdings in NetEase were worth $30,102,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. boosted its stake in NetEase by 51.0% in the first quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock valued at $104,000 after buying an additional 124 shares in the last quarter. IFP Advisors Inc boosted its stake in NetEase by 21.4% in the second quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock valued at $118,000 after buying an additional 69 shares in the last quarter. Huntington National Bank boosted its stake in NetEase by 84.7% in the second quarter. Huntington National Bank now owns 700 shares of the technology company’s stock valued at $210,000 after buying an additional 321 shares in the last quarter. Howe & Rusling Inc. boosted its stake in NetEase by 7.2% in the first quarter. Howe & Rusling Inc. now owns 715 shares of the technology company’s stock valued at $203,000 after buying an additional 48 shares in the last quarter. Finally, Private Advisory Group LLC bought a new stake in NetEase during the first quarter valued at approximately $205,000. 55.53% of the stock is owned by hedge funds and other institutional investors.

Shares of NetEase, Inc. (NASDAQ NTES) opened at 315.05 on Thursday. The stock has a 50 day moving average price of $308.81 and a 200 day moving average price of $287.70. NetEase, Inc. has a 52 week low of $199.01 and a 52 week high of $337.55. The firm has a market capitalization of $41.44 billion, a PE ratio of 21.42 and a beta of 0.92.

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Several equities research analysts recently commented on the company. CLSA cut NetEase from an “outperform” rating to an “underperform” rating in a report on Thursday. Zacks Investment Research cut NetEase from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub cut NetEase from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Vetr cut NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price target for the company. in a report on Monday, May 22nd. Finally, Instinet cut NetEase from a “buy” rating to a “neutral” rating and cut their price target for the company from $307.00 to $297.00 in a report on Thursday, May 11th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $301.90.

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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