Origin Asset Management LLP increased its position in NetEase, Inc. (NASDAQ:NTES) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,153 shares of the technology company’s stock after acquiring an additional 4,700 shares during the period. NetEase makes up about 5.0% of Origin Asset Management LLP’s portfolio, making the stock its biggest holding. Origin Asset Management LLP owned about 0.21% of NetEase worth $81,517,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NTES. Canada Pension Plan Investment Board raised its stake in NetEase by 13,818.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,655 shares of the technology company’s stock worth $2,174,000 after acquiring an additional 7,600 shares during the last quarter. US Bancorp DE raised its stake in shares of NetEase by 11.4% during the 1st quarter. US Bancorp DE now owns 3,991 shares of the technology company’s stock valued at $1,133,000 after buying an additional 410 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of NetEase by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 131,677 shares of the technology company’s stock valued at $37,396,000 after buying an additional 2,104 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of NetEase by 2.6% during the 1st quarter. Suntrust Banks Inc. now owns 1,512 shares of the technology company’s stock valued at $429,000 after buying an additional 39 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of NetEase by 2.6% during the 1st quarter. Comerica Bank now owns 8,074 shares of the technology company’s stock valued at $2,145,000 after buying an additional 204 shares during the last quarter. Institutional investors own 50.38% of the company’s stock.

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A number of research firms have weighed in on NTES. CLSA lowered NetEase from an “outperform” rating to an “underperform” rating in a research note on Thursday, August 10th. BidaskClub upgraded NetEase from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Deutsche Bank AG reiterated a “buy” rating and set a $343.00 price objective (up previously from $300.00) on shares of NetEase in a research note on Tuesday, July 25th. Zacks Investment Research upgraded NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 price objective for the company in a research note on Wednesday, July 12th. Finally, Standpoint Research lowered NetEase from a “buy” rating to a “reduce” rating and lifted their price objective for the company from $345.00 to $360.00 in a research note on Wednesday, June 7th. Four analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. NetEase has an average rating of “Hold” and an average price target of $306.40.

Shares of NetEase, Inc. (NTES) traded down 0.18% during trading on Wednesday, hitting $270.86. The company had a trading volume of 436,562 shares. NetEase, Inc. has a 52-week low of $211.11 and a 52-week high of $337.55.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 25th were issued a dividend of $0.83 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $3.32 annualized dividend and a yield of 1.22%. NetEase’s dividend payout ratio is currently 25.07%.

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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