Dimensional Fund Advisors LP increased its holdings in NetEase Inc (NASDAQ:NTES) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 446,824 shares of the technology company’s stock after acquiring an additional 12,241 shares during the quarter. Dimensional Fund Advisors LP’s holdings in NetEase were worth $105,251,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. grew its position in NetEase by 12.9% in the 4th quarter. BlackRock Inc. now owns 5,280,932 shares of the technology company’s stock valued at $1,242,973,000 after buying an additional 602,693 shares during the last quarter. Vanguard Group Inc grew its position in NetEase by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 2,562,086 shares of the technology company’s stock valued at $584,796,000 after buying an additional 43,455 shares during the last quarter. Overlook Holdings Ltd grew its position in NetEase by 7.8% in the 4th quarter. Overlook Holdings Ltd now owns 925,560 shares of the technology company’s stock valued at $217,849,000 after buying an additional 66,622 shares during the last quarter. Fisher Asset Management LLC grew its position in NetEase by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 877,033 shares of the technology company’s stock valued at $206,427,000 after buying an additional 16,907 shares during the last quarter. Finally, Boston Partners grew its position in NetEase by 0.7% in the 4th quarter. Boston Partners now owns 519,565 shares of the technology company’s stock valued at $122,290,000 after buying an additional 3,458 shares during the last quarter. Hedge funds and other institutional investors own 44.96% of the company’s stock.

NetEase stock opened at $262.04 on Thursday. NetEase Inc has a 52 week low of $184.60 and a 52 week high of $289.68. The stock has a market capitalization of $33.43 billion, a P/E ratio of 38.14, a price-to-earnings-growth ratio of 24.89 and a beta of 0.81.

NetEase (NASDAQ:NTES) last released its quarterly earnings data on Wednesday, February 20th. The technology company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.51 by $0.41. NetEase had a net margin of 9.12% and a return on equity of 13.60%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same period in the previous year, the firm earned $2.18 EPS. As a group, analysts anticipate that NetEase Inc will post 7.31 earnings per share for the current fiscal year.

Several brokerages have commented on NTES. Zacks Investment Research upgraded shares of NetEase from a “sell” rating to a “hold” rating and set a $311.00 target price on the stock in a research report on Wednesday, April 24th. BidaskClub upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 5th. ValuEngine upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Barclays boosted their target price on shares of NetEase from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday. They noted that the move was a valuation call. Finally, TH Capital boosted their target price on shares of NetEase from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $277.45.

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NetEase Company Profile

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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