NetEase, Inc. (NTES) Position Cut by GRATRY & Co LLC

GRATRY & Co LLC lessened its stake in NetEase, Inc. (NASDAQ:NTES) by 73.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,128 shares of the technology company’s stock after selling 3,052 shares during the period. GRATRY & Co LLC’s holdings in NetEase were worth $339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc grew its position in NetEase by 21.4% in the 2nd quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock valued at $118,000 after buying an additional 69 shares in the last quarter. PNC Financial Services Group Inc. grew its position in NetEase by 22.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock valued at $161,000 after buying an additional 98 shares in the last quarter. Mariner Wealth Advisors LLC bought a new position in NetEase in the 2nd quarter valued at about $203,000. Huntington National Bank grew its position in NetEase by 84.7% in the 2nd quarter. Huntington National Bank now owns 700 shares of the technology company’s stock valued at $210,000 after buying an additional 321 shares in the last quarter. Finally, Hikari Power Ltd bought a new position in NetEase in the 2nd quarter valued at about $210,000. Hedge funds and other institutional investors own 50.38% of the company’s stock.

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NTES has been the subject of a number of recent analyst reports. BidaskClub lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. ValuEngine lowered shares of NetEase from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Deutsche Bank AG reiterated a “buy” rating and issued a $343.00 target price (up previously from $300.00) on shares of NetEase in a research report on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $330.00 target price on shares of NetEase in a research report on Friday, June 16th. Finally, Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 target price for the company in a research report on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. NetEase has a consensus rating of “Hold” and a consensus target price of $298.70.

Shares of NetEase, Inc. (NASDAQ NTES) traded up 2.29% during midday trading on Friday, reaching $277.97. 378,339 shares of the company’s stock were exchanged. The company has a market capitalization of $36.64 billion, a PE ratio of 18.02 and a beta of 0.94. The firm has a 50-day moving average of $271.19 and a 200-day moving average of $285.91. NetEase, Inc. has a 1-year low of $211.11 and a 1-year high of $337.55.

NetEase Company 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.

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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