Teacher Retirement System of Texas raised its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,708 shares of the technology company’s stock after buying an additional 1,434 shares during the period. Teacher Retirement System of Texas’ holdings in NetEase were worth $6,225,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NTES. Assetmark Inc. increased its position in NetEase by 51.0% in the first quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock valued at $104,000 after buying an additional 124 shares during the period. IFP Advisors Inc increased its position in NetEase by 21.4% in the second quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock valued at $118,000 after buying an additional 69 shares during the period. Howe & Rusling Inc. increased its position in NetEase by 7.2% in the first quarter. Howe & Rusling Inc. now owns 715 shares of the technology company’s stock valued at $203,000 after buying an additional 48 shares during the period. Private Advisory Group LLC acquired a new position in NetEase during the first quarter valued at approximately $205,000. Finally, Huntington National Bank increased its position in NetEase by 84.7% in the second quarter. Huntington National Bank now owns 700 shares of the technology company’s stock valued at $210,000 after buying an additional 321 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Shares of NetEase, Inc. (NASDAQ NTES) opened at 278.62 on Tuesday. NetEase, Inc. has a 52-week low of $199.01 and a 52-week high of $337.55.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 25th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, August 23rd. NetEase’s payout ratio is presently 24.73%.

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NTES has been the topic of several research reports. Instinet restated a “buy” rating and issued a $307.00 price target on shares of NetEase in a research note on Tuesday, May 9th. Jefferies Group LLC restated a “buy” rating and issued a $300.00 price target on shares of NetEase in a research note on Wednesday, April 26th. Benchmark Co. initiated coverage on shares of NetEase in a research note on Tuesday, April 18th. They issued a “buy” rating and a $325.00 price target on the stock. Vetr downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price target on the stock. in a research note on Monday, May 22nd. Finally, BidaskClub downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. NetEase has a consensus rating of “Buy” and an average price target of $301.90.

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.

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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