Nippon Life Insurance Co. Has $254,000 Position in NetEase, Inc. (NTES)

Nippon Life Insurance Co. lowered its position in shares of NetEase, Inc. (NASDAQ:NTES) by 28.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 845 shares of the technology company’s stock after selling 335 shares during the period. Nippon Life Insurance Co.’s holdings in NetEase were worth $254,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. KBC Group NV boosted its position in shares of NetEase by 7.9% in the second quarter. KBC Group NV now owns 89,337 shares of the technology company’s stock worth $26,857,000 after buying an additional 6,546 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of NetEase during the second quarter worth about $3,406,000. BNP Paribas Arbitrage SA boosted its position in shares of NetEase by 2.1% in the second quarter. BNP Paribas Arbitrage SA now owns 257,401 shares of the technology company’s stock worth $77,382,000 after buying an additional 5,367 shares in the last quarter. Highstreet Asset Management Inc. acquired a new position in shares of NetEase during the second quarter worth about $545,000. Finally, BARING ASSET MANAGEMENT Ltd boosted its position in shares of NetEase by 55.1% in the second quarter. BARING ASSET MANAGEMENT Ltd now owns 167,321 shares of the technology company’s stock worth $50,302,000 after buying an additional 59,449 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

NetEase, Inc. (NASDAQ NTES) opened at 277.00 on Wednesday. The company has a market cap of $36.51 billion, a P/E ratio of 18.34 and a beta of 0.92. NetEase, Inc. has a 52 week low of $204.20 and a 52 week high of $337.55.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 25th will be given a $0.83 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.32 annualized dividend and a yield of 1.20%. NetEase’s dividend payout ratio is presently 24.73%.

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A number of brokerages have recently issued reports on NTES. BidaskClub cut shares of NetEase from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research cut shares of NetEase from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 16th. CLSA cut shares of NetEase from an “outperform” rating to an “underperform” rating in a report on Thursday, August 10th. Deutsche Bank AG restated a “buy” rating and set a $343.00 price target (up from $300.00) on shares of NetEase in a report on Tuesday, July 25th. Finally, Jefferies Group LLC restated a “buy” rating and set a $330.00 price target on shares of NetEase in a report on Friday, June 16th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $306.40.

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.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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