Artisan Partners Limited Partnership acquired a new position in NetEase, Inc. (NASDAQ:NTES) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 956,667 shares of the technology company’s stock, valued at approximately $287,603,000. Artisan Partners Limited Partnership owned approximately 0.73% of NetEase as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its stake in NetEase by 1,571.4% in the first quarter. BlackRock Inc. now owns 5,039,176 shares of the technology company’s stock worth $1,431,127,000 after purchasing an additional 4,737,686 shares in the last quarter. Credit Agricole S A boosted its stake in NetEase by 19.2% in the first quarter. Credit Agricole S A now owns 4,395,661 shares of the technology company’s stock worth $1,248,368,000 after purchasing an additional 709,148 shares in the last quarter. Renaissance Technologies LLC boosted its stake in NetEase by 12.7% in the first quarter. Renaissance Technologies LLC now owns 2,269,700 shares of the technology company’s stock worth $644,595,000 after purchasing an additional 255,800 shares in the last quarter. State Street Corp boosted its stake in NetEase by 8.8% in the first quarter. State Street Corp now owns 1,712,268 shares of the technology company’s stock worth $486,279,000 after purchasing an additional 137,801 shares in the last quarter. Finally, FMR LLC boosted its stake in NetEase by 165.4% in the first quarter. FMR LLC now owns 1,328,919 shares of the technology company’s stock worth $377,413,000 after purchasing an additional 828,139 shares in the last quarter. 50.38% of the stock is currently owned by institutional investors.

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Several equities analysts have recently issued reports on NTES shares. Zacks Investment Research lowered NetEase from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub raised NetEase from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Vetr lowered 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. CLSA lowered NetEase from an “outperform” rating to an “underperform” rating in a research note on Thursday, August 10th. Finally, Standpoint Research lowered NetEase from a “buy” rating to a “reduce” rating and upped their price target for the company from $345.00 to $360.00 in a research note on Wednesday, June 7th. Four research analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $306.40.

NetEase, Inc. (NASDAQ NTES) traded up 0.96% during trading on Friday, reaching $271.07. The company’s stock had a trading volume of 2,140,291 shares. NetEase, Inc. has a 52-week low of $211.11 and a 52-week high of $337.55. The firm has a 50 day moving average price of $282.13 and a 200-day moving average price of $288.53. The stock has a market cap of $35.73 billion, a price-to-earnings ratio of 17.78 and a beta of 0.96.

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

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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