Tudor Investment Corp ET AL lifted its holdings in NetEase, Inc. (NASDAQ:NTES) by 56.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,385 shares of the technology company’s stock after buying an additional 501 shares during the period. Tudor Investment Corp ET AL’s holdings in NetEase were worth $416,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc boosted its stake in shares of NetEase by 21.4% in the 2nd quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock worth $118,000 after buying an additional 69 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of NetEase by 22.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock worth $161,000 after buying an additional 98 shares during the last quarter. Mariner Wealth Advisors LLC purchased a new position in shares of NetEase in the 2nd quarter worth approximately $203,000. Huntington National Bank boosted its stake in shares of NetEase by 84.7% in the 2nd quarter. Huntington National Bank now owns 700 shares of the technology company’s stock worth $210,000 after buying an additional 321 shares during the last quarter. Finally, Hikari Power Ltd purchased a new position in shares of NetEase in the 2nd quarter worth approximately $210,000. Hedge funds and other institutional investors own 50.38% of the company’s stock.
A number of equities analysts have recently weighed in on NTES shares. BidaskClub downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Jefferies Group LLC restated a “buy” rating and issued a $330.00 target price on shares of NetEase in a research note on Friday, June 16th. Zacks Investment Research upgraded NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 target price on the stock in a research note on Wednesday, July 12th. Deutsche Bank AG restated a “buy” rating and issued a $343.00 target price (up previously from $300.00) on shares of NetEase in a research note on Tuesday, July 25th. Finally, CLSA downgraded NetEase from an “outperform” rating to an “underperform” rating in a research note on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $301.59.
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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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