6,900 Shares in NetEase, Inc. $NTES Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of NetEase, Inc. (NASDAQ:NTES) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,900 shares of the technology company’s stock, valued at approximately $950,000.

Several other institutional investors have also recently modified their holdings of NTES. Cornerstone Planning Group LLC purchased a new stake in NetEase in the 3rd quarter worth approximately $33,000. First Horizon Corp purchased a new stake in NetEase in the 3rd quarter worth approximately $45,000. Smartleaf Asset Management LLC grew its stake in NetEase by 3,381.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 383 shares of the technology company’s stock worth $51,000 after acquiring an additional 372 shares during the period. Spire Wealth Management grew its stake in NetEase by 31.3% in the 4th quarter. Spire Wealth Management now owns 436 shares of the technology company’s stock worth $60,000 after acquiring an additional 104 shares during the period. Finally, Strs Ohio purchased a new stake in NetEase in the 1st quarter worth approximately $63,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.

NetEase Trading Down 2.5%

NASDAQ:NTES opened at $113.38 on Friday. The firm has a market capitalization of $71.84 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.46 and a beta of 0.72. The firm’s fifty day simple moving average is $114.68 and its 200 day simple moving average is $127.17. NetEase, Inc. has a twelve month low of $108.67 and a twelve month high of $159.55.

Wall Street Analyst Weigh In

NTES has been the subject of several research reports. Nomura lowered their price objective on shares of NetEase from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Morgan Stanley reissued an “overweight” rating and set a $154.00 price objective on shares of NetEase in a research note on Monday, March 2nd. Barclays lowered their price objective on shares of NetEase from $135.00 to $132.00 and set an “equal weight” rating for the company in a research note on Thursday, February 12th. Citigroup reissued a “buy” rating on shares of NetEase in a research note on Wednesday, February 11th. Finally, Benchmark reissued a “buy” rating on shares of NetEase in a research note on Thursday, February 12th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.88.

About NetEase

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.