NetEase, Inc. (NASDAQ:NTES) Position Reduced by Fox Run Management L.L.C.

Fox Run Management L.L.C. decreased its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 41.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 700 shares of the technology company’s stock after selling 500 shares during the period. Fox Run Management L.L.C.’s holdings in NetEase were worth $210,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NTES. Boston Advisors LLC raised its stake in NetEase by 227.3% in the first quarter. Boston Advisors LLC now owns 3,960 shares of the technology company’s stock valued at $1,125,000 after buying an additional 2,750 shares in the last quarter. Howe & Rusling Inc. increased its position in shares of NetEase by 7.2% in the first quarter. Howe & Rusling Inc. now owns 715 shares of the technology company’s stock worth $203,000 after buying an additional 48 shares during the last quarter. Cim LLC increased its position in shares of NetEase by 2.2% in the first quarter. Cim LLC now owns 3,601 shares of the technology company’s stock worth $1,023,000 after buying an additional 79 shares during the last quarter. Daiwa SB Investments Ltd. acquired a new position in shares of NetEase during the first quarter worth about $767,000. Finally, Bank of Montreal Can boosted its stake in NetEase by 35.3% in the first quarter. Bank of Montreal Can now owns 118,811 shares of the technology company’s stock worth $33,742,000 after buying an additional 30,992 shares during the period. Institutional investors own 55.88% of the company’s stock.

Shares of NetEase, Inc. (NTES) traded down 1.19% during midday trading on Friday, hitting $270.34. The stock had a trading volume of 1,128,293 shares. NetEase, Inc. has a 52-week low of $206.50 and a 52-week high of $337.55.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 25th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Wednesday, August 23rd. NetEase’s dividend payout ratio is presently 24.73%.

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NTES has been the subject of a number of analyst reports. Instinet restated a “buy” rating and issued a $307.00 price target on shares of NetEase in a research report on Tuesday, May 9th. Jefferies Group LLC reiterated a “buy” rating and set a $300.00 target price on shares of NetEase in a research report on Wednesday, April 26th. Vetr cut NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 target price for the company. in a research report on Monday, May 22nd. BidaskClub cut NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $343.00 target price (up previously from $300.00) on shares of NetEase in a research report on Tuesday, July 25th. Four analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. NetEase currently has an average 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.

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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