Financial Architects Inc lowered its stake in NetEase, Inc. (NASDAQ:NTES) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 394 shares of the technology company’s stock after selling 29 shares during the period. Financial Architects Inc’s holdings in NetEase were worth $118,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NTES. Altfest L J & Co. Inc. purchased a new position in shares of NetEase during the second quarter valued at about $729,000. APG Asset Management N.V. raised its position in shares of NetEase by 45.2% in the second quarter. APG Asset Management N.V. now owns 397,600 shares of the technology company’s stock valued at $119,530,000 after buying an additional 123,700 shares during the last quarter. Manning & Napier Advisors LLC raised its position in shares of NetEase by 39.7% in the second quarter. Manning & Napier Advisors LLC now owns 252,465 shares of the technology company’s stock valued at $75,897,000 after buying an additional 71,800 shares during the last quarter. US Bancorp DE raised its position in shares of NetEase by 1.3% in the second quarter. US Bancorp DE now owns 4,041 shares of the technology company’s stock valued at $1,215,000 after buying an additional 50 shares during the last quarter. Finally, Rehmann Capital Advisory Group purchased a new position in shares of NetEase during the second quarter valued at about $256,000. 55.33% of the stock is currently owned by institutional investors.

Shares of NetEase, Inc. (NASDAQ NTES) opened at 310.00 on Wednesday. The firm has a market capitalization of $40.77 billion, a PE ratio of 21.16 and a beta of 0.92. NetEase, Inc. has a 52 week low of $197.00 and a 52 week high of $337.55.

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Several equities analysts have issued reports on the company. Deutsche Bank AG reaffirmed a “buy” rating and set a $343.00 price objective (up previously from $300.00) on shares of NetEase in a report on Tuesday. BidaskClub raised NetEase from a “hold” rating to a “buy” rating in a report on Friday, July 14th. Zacks Investment Research raised NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 price objective on the stock in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $330.00 price objective on shares of NetEase in a report on Friday, June 16th. Finally, Standpoint Research lowered NetEase from a “buy” rating to a “reduce” rating and raised their price objective for the stock from $345.00 to $360.00 in a report on Wednesday, June 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. NetEase has a consensus rating of “Buy” and an average target price of $298.02.

NetEase Company 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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