Natixis Grows Holdings in NetEase Inc (NASDAQ:NTES)

Natixis increased its stake in NetEase Inc (NASDAQ:NTES) by 10.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,552 shares of the technology company’s stock after buying an additional 2,040 shares during the period. Natixis’ holdings in NetEase were worth $5,446,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Banco de Sabadell S.A bought a new stake in shares of NetEase during the first quarter valued at approximately $100,000. Northwestern Mutual Wealth Management Co. increased its position in shares of NetEase by 96.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 462 shares of the technology company’s stock valued at $117,000 after acquiring an additional 227 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of NetEase during the first quarter valued at approximately $279,000. HRT Financial LLC bought a new stake in shares of NetEase during the first quarter valued at approximately $291,000. Finally, Pinnacle Associates Ltd. bought a new stake in shares of NetEase during the first quarter valued at approximately $362,000. 45.78% of the stock is owned by institutional investors.

NTES opened at $216.81 on Tuesday. NetEase Inc has a fifty-two week low of $184.60 and a fifty-two week high of $377.64. The firm has a market cap of $29.98 billion, a P/E ratio of 17.33, a PEG ratio of 1.55 and a beta of 0.79.

NetEase (NASDAQ:NTES) last released its earnings results on Wednesday, August 8th. The technology company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.82. NetEase had a net margin of 11.49% and a return on equity of 14.57%. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.61 billion. As a group, research analysts expect that NetEase Inc will post 7.01 earnings per share for the current year.

Several equities research analysts recently weighed in on the stock. Macquarie downgraded shares of NetEase from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 9th. Zacks Investment Research upgraded shares of NetEase from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. BidaskClub upgraded shares of NetEase from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. JPMorgan Chase & Co. dropped their target price on shares of NetEase from $290.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, August 10th. Finally, TheStreet upgraded shares of NetEase from a “c+” rating to a “b” rating in a research note on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. NetEase presently has an average rating of “Buy” and an average target price of $325.25.

NetEase Company Profile

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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