U S Global Investors Inc. continued to hold its position in shares of NetEase, Inc. (NASDAQ:NTES) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500 shares of the technology company’s stock at the close of the 2nd quarter. U S Global Investors Inc.’s holdings in NetEase were worth $150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in shares of NetEase by 20.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,726,000 shares of the technology company’s stock valued at $819,517,000 after acquiring an additional 456,300 shares in the last quarter. Orbis Allan Gray Ltd raised its position in shares of NetEase by 17.9% during the 2nd quarter. Orbis Allan Gray Ltd now owns 2,459,381 shares of the technology company’s stock valued at $739,364,000 after acquiring an additional 372,510 shares in the last quarter. FMR LLC raised its position in shares of NetEase by 63.3% during the 2nd quarter. FMR LLC now owns 2,170,611 shares of the technology company’s stock valued at $652,551,000 after acquiring an additional 841,692 shares in the last quarter. Boston Partners raised its position in shares of NetEase by 29.3% during the 2nd quarter. Boston Partners now owns 1,210,207 shares of the technology company’s stock valued at $363,824,000 after acquiring an additional 273,924 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of NetEase by 0.8% during the 2nd quarter. Acadian Asset Management LLC now owns 1,165,244 shares of the technology company’s stock valued at $350,306,000 after acquiring an additional 9,353 shares in the last quarter. 50.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of NetEase, Inc. (NASDAQ:NTES) traded up 1.05% during midday trading on Monday, reaching $282.60. The company’s stock had a trading volume of 352,486 shares. The stock has a 50 day moving average price of $271.57 and a 200-day moving average price of $285.83. The company has a market capitalization of $37.25 billion, a price-to-earnings ratio of 18.32 and a beta of 0.94. NetEase, Inc. has a 52-week low of $211.11 and a 52-week high of $337.55.

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Several research firms recently issued reports on NTES. BidaskClub lowered NetEase from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Deutsche Bank AG reissued a “buy” rating and set a $343.00 price target (up from $300.00) on shares of NetEase in a research report on Tuesday, July 25th. Credit Suisse Group reissued an “outperform” rating and set a $315.00 price target on shares of NetEase in a research report on Tuesday, October 3rd. CLSA lowered NetEase from an “outperform” rating to an “underperform” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research raised NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 price target on the stock in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $298.82.

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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