Ardevora Asset Management LLP Increases Stake in NetEase, Inc. (NTES)

Ardevora Asset Management LLP grew its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 147,500 shares of the technology company’s stock after buying an additional 11,200 shares during the period. NetEase accounts for approximately 1.2% of Ardevora Asset Management LLP’s holdings, making the stock its 18th biggest holding. Ardevora Asset Management LLP owned approximately 0.11% of NetEase worth $38,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NTES. Teachers Advisors LLC grew its stake in shares of NetEase by 7.0% during the 1st quarter. Teachers Advisors LLC now owns 35,083 shares of the technology company’s stock valued at $9,964,000 after buying an additional 2,300 shares during the period. Vanguard Group Inc. grew its stake in shares of NetEase by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 436,338 shares of the technology company’s stock valued at $123,919,000 after buying an additional 12,565 shares during the period. Tudor Investment Corp ET AL purchased a new stake in shares of NetEase during the 1st quarter valued at $251,000. Atria Investments LLC purchased a new stake in shares of NetEase during the 2nd quarter valued at $229,000. Finally, OLD National Bancorp IN grew its stake in shares of NetEase by 0.4% during the 2nd quarter. OLD National Bancorp IN now owns 930 shares of the technology company’s stock valued at $280,000 after buying an additional 4 shares during the period. 50.30% of the stock is owned by institutional investors.

Several analysts have recently issued reports on the stock. Vetr raised shares of NetEase from a “hold” rating to a “buy” rating and set a $323.68 price objective for the company in a research note on Monday. ValuEngine raised shares of NetEase from a “hold” rating to a “buy” rating in a research note on Friday. UBS AG lowered shares of NetEase from a “buy” rating to a “neutral” rating in a report on Monday, October 30th. Zacks Investment Research upgraded shares of NetEase from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Deutsche Bank AG set a $325.00 target price on shares of NetEase and gave the company a “buy” rating in a report on Friday, October 6th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $303.64.

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Shares of NetEase, Inc. (NASDAQ NTES) traded down $0.71 during mid-day trading on Tuesday, reaching $302.16. 1,137,900 shares of the company’s stock were exchanged, compared to its average volume of 1,248,434. NetEase, Inc. has a 52-week low of $211.11 and a 52-week high of $337.55. The firm has a market cap of $39,160.00, a price-to-earnings ratio of 19.83, a P/E/G ratio of 1.28 and a beta of 0.93.

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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