NetEase, Inc. (NTES) Holdings Lifted by Seatown Holdings Pte. Ltd.

Seatown Holdings Pte. Ltd. raised its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 18.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,520 shares of the technology company’s stock after purchasing an additional 2,870 shares during the period. Seatown Holdings Pte. Ltd.’s holdings in NetEase were worth $4,886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Renaissance Group LLC raised its position in NetEase by 3.3% during the 2nd quarter. Renaissance Group LLC now owns 51,703 shares of the technology company’s stock valued at $15,543,000 after purchasing an additional 1,656 shares during the last quarter. Aberdeen Asset Management PLC UK raised its position in NetEase by 64.7% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 72,450 shares of the technology company’s stock valued at $21,781,000 after purchasing an additional 28,450 shares during the last quarter. Stifel Financial Corp raised its position in NetEase by 25.9% during the 2nd quarter. Stifel Financial Corp now owns 3,032 shares of the technology company’s stock valued at $919,000 after purchasing an additional 624 shares during the last quarter. First Trust Advisors LP raised its position in NetEase by 9.5% during the 3rd quarter. First Trust Advisors LP now owns 319,517 shares of the technology company’s stock valued at $84,292,000 after purchasing an additional 27,771 shares during the last quarter. Finally, Standard Life Investments LTD raised its position in NetEase by 14,556.7% during the 2nd quarter. Standard Life Investments LTD now owns 25,063 shares of the technology company’s stock valued at $7,534,000 after purchasing an additional 24,892 shares during the last quarter. 50.45% of the stock is owned by institutional investors and hedge funds.

NTES has been the subject of a number of recent analyst reports. ValuEngine lowered NetEase from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Deutsche Bank AG reaffirmed a “buy” rating and set a $343.00 price target (up previously from $300.00) on shares of NetEase in a research report on Tuesday, July 25th. Zacks Investment Research raised NetEase from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Credit Suisse Group reaffirmed an “outperform” rating and set a $315.00 price target on shares of NetEase in a research report on Tuesday, October 3rd. Finally, BidaskClub raised NetEase from a “hold” rating to a “buy” rating in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $298.33.

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NetEase, Inc. (NTES) traded up $22.89 during mid-day trading on Monday, reaching $303.41. The company had a trading volume of 994,612 shares, compared to its average volume of 1,113,396. The company has a market cap of $37,056.97, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 1.19 and a beta of 0.91.

NetEase Profile

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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