The Manufacturers Life Insurance Company boosted its holdings in NetEase, Inc. (NASDAQ:NTES) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,895 shares of the technology company’s stock after acquiring an additional 1,811 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in NetEase were worth $4,478,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in NTES. Artisan Partners Limited Partnership purchased a new position in NetEase in the second quarter worth $287,603,000. FMR LLC raised its position in NetEase by 63.3% in the second quarter. FMR LLC now owns 2,170,611 shares of the technology company’s stock worth $652,551,000 after acquiring an additional 841,692 shares in the last quarter. Fisher Asset Management LLC raised its position in NetEase by 142.3% in the second quarter. Fisher Asset Management LLC now owns 839,739 shares of the technology company’s stock worth $252,451,000 after acquiring an additional 493,209 shares in the last quarter. Renaissance Technologies LLC raised its position in NetEase by 20.1% in the second quarter. Renaissance Technologies LLC now owns 2,726,000 shares of the technology company’s stock worth $819,517,000 after acquiring an additional 456,300 shares in the last quarter. Finally, Orbis Allan Gray Ltd raised its position in NetEase by 17.9% in the second quarter. Orbis Allan Gray Ltd now owns 2,459,381 shares of the technology company’s stock worth $739,364,000 after acquiring an additional 372,510 shares in the last quarter. Hedge funds and other institutional investors own 50.41% of the company’s stock.

Shares of NetEase, Inc. (NTES) opened at 281.92 on Wednesday. NetEase, Inc. has a 1-year low of $211.11 and a 1-year high of $337.55.

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Several analysts have weighed in on the company. Vetr lowered NetEase from a “strong-buy” rating to a “buy” rating and set a $327.04 target price on the stock. in a report on Monday, September 18th. Deutsche Bank AG set a $325.00 target price on NetEase and gave the company a “buy” rating in a report on Friday, October 6th. Barclays PLC assumed coverage on NetEase in a report on Wednesday, October 4th. They issued an “equal weight” rating and a $260.00 target price on the stock. Zacks Investment Research lowered NetEase from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Jefferies Group LLC lowered NetEase from a “buy” rating to a “hold” rating and lowered their target price for the company from $330.00 to $290.00 in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average 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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