Rafferty Asset Management LLC increased its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 22.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,816 shares of the technology company’s stock after acquiring an additional 872 shares during the period. Rafferty Asset Management LLC’s holdings in NetEase were worth $1,448,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of NTES. BlackRock Inc. boosted its stake in NetEase by 1,571.4% during the first quarter. BlackRock Inc. now owns 5,039,176 shares of the technology company’s stock worth $1,431,127,000 after acquiring an additional 4,737,686 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in NetEase during the second quarter worth about $287,603,000. FMR LLC boosted its stake in NetEase by 165.4% during the first quarter. FMR LLC now owns 1,328,919 shares of the technology company’s stock worth $377,413,000 after acquiring an additional 828,139 shares in the last quarter. Credit Agricole S A boosted its stake in NetEase by 19.2% during 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 acquiring an additional 709,148 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in NetEase by 142.3% during 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. 50.38% of the stock is currently owned by institutional investors and hedge funds.
NetEase, Inc. (NASDAQ:NTES) opened at 271.61 on Friday. NetEase, Inc. has a 12 month low of $211.11 and a 12 month high of $337.55.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 25th were given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Wednesday, August 23rd. NetEase’s payout ratio is currently 25.07%.
Several equities research analysts recently commented on NTES shares. Vetr lowered shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $327.04 price objective on the stock. in a research note on Monday, September 18th. Zacks Investment Research lowered shares of NetEase from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub raised shares of NetEase from a “hold” rating to a “buy” rating in a research note on Friday, July 14th. ValuEngine lowered shares of NetEase from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Jefferies Group LLC reissued a “buy” rating and set a $330.00 price objective on shares of NetEase in a research note on Friday, June 16th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. NetEase currently has an average rating of “Hold” and an average target price of $303.78.
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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