Polar Capital LLP increased its position in shares of NetEase Inc. (NASDAQ:NTES) by 49.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,119 shares of the company’s stock after buying an additional 37,417 shares during the period. Polar Capital LLP owned about 0.09% of NetEase worth $21,856,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NTES. Comgest Global Investors S.A.S. increased its stake in NetEase by 0.4% in the second quarter. Comgest Global Investors S.A.S. now owns 2,921,119 shares of the company’s stock worth $564,418,000 after buying an additional 12,423 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of NetEase by 39.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,837,876 shares of the company’s stock worth $355,114,000 after buying an additional 516,959 shares during the period. State Street Corp boosted its position in shares of NetEase by 59.4% in the second quarter. State Street Corp now owns 1,416,543 shares of the company’s stock worth $273,701,000 after buying an additional 527,760 shares during the period. Boston Partners boosted its position in shares of NetEase by 2.5% in the second quarter. Boston Partners now owns 1,218,011 shares of the company’s stock worth $235,344,000 after buying an additional 29,535 shares during the period. Finally, BlackRock Fund Advisors boosted its position in shares of NetEase by 75.8% in the second quarter. BlackRock Fund Advisors now owns 1,042,761 shares of the company’s stock worth $201,482,000 after buying an additional 449,610 shares during the period. Hedge funds and other institutional investors own 59.38% of the company’s stock.

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

NetEase Inc. (NASDAQ:NTES) traded up 2.60% during trading on Friday, hitting $234.57. 2,844,504 shares of the stock traded hands. NetEase Inc. has a one year low of $129.60 and a one year high of $272.58. The company has a 50-day moving average price of $0.00 and a 200 day moving average price of $0.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 25th will be given a $0.78 dividend. The ex-dividend date is Tuesday, November 22nd. This represents a $3.12 annualized dividend and a dividend yield of 1.33%. NetEase’s dividend payout ratio is 23.26%.

NTES has been the topic of a number of recent research reports. Vetr cut shares of NetEase from a “sell” rating to a “strong sell” rating and set a $210.98 target price on the stock. in a research report on Monday, September 19th. Brean Capital reissued a “buy” rating on shares of NetEase in a research report on Tuesday, August 2nd. Jefferies Group reissued a “hold” rating and set a $245.00 target price on shares of NetEase in a research report on Thursday. Credit Suisse Group AG initiated coverage on shares of NetEase in a research report on Friday, August 19th. They set a “neutral” rating and a $230.00 target price on the stock. Finally, Zacks Investment Research raised shares of NetEase from a “hold” rating to a “buy” rating and set a $232.00 target price on the stock in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $239.64.

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.

5 Day Chart for NASDAQ:NTES

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