Today The Todd Asset Management LLC Sells 37,185 Shares of NetEase, Inc. (NTES)

Today The Todd Asset Management LLC Sells 37,185 Shares of NetEase, Inc. (NTES)

Todd Asset Management LLC cut its position in shares of NetEase, Inc. (NASDAQ:NTES) by 29.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 89,172 shares of the company’s stock after selling 37,185 shares during the period. Todd Asset Management LLC’s holdings in NetEase were worth $21,471,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Comgest Global Investors S.A.S. boosted its position in NetEase by 0.4% in the second quarter. Comgest Global Investors S.A.S. now owns 2,921,119 shares of the company’s stock valued at $564,418,000 after buying an additional 12,423 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in NetEase by 39.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,837,876 shares of the company’s stock valued at $355,114,000 after buying an additional 516,959 shares during the last quarter. State Street Corp boosted its position in NetEase by 59.4% in the second quarter. State Street Corp now owns 1,416,543 shares of the company’s stock valued at $273,701,000 after buying an additional 527,760 shares during the last quarter. BlackRock Fund Advisors boosted its position in NetEase by 75.8% in the second quarter. BlackRock Fund Advisors now owns 1,042,761 shares of the company’s stock valued at $201,482,000 after buying an additional 449,610 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in NetEase by 67.4% in the second quarter. BlackRock Group LTD now owns 999,199 shares of the company’s stock valued at $193,066,000 after buying an additional 402,171 shares during the last quarter. 56.13% of the stock is owned by institutional investors and hedge funds.

Shares of NetEase, Inc. (NASDAQ:NTES) opened at 254.45 on Wednesday. NetEase, Inc. has a 1-year low of $129.60 and a 1-year high of $272.58. The firm’s 50-day moving average price is $227.42 and its 200 day moving average price is $228.21. The stock has a market capitalization of $33.36 billion, a P/E ratio of 23.03 and a beta of 0.68.

Several research analysts recently commented on the company. T.H. Capital reissued a “buy” rating and set a $297.00 target price (up from $227.00) on shares of NetEase in a research note on Thursday, October 13th. CICC Research raised NetEase to a “buy” rating and set a $345.00 target price for the company in a research note on Wednesday, October 12th. Vetr raised NetEase from a “buy” rating to a “strong-buy” rating and set a $294.91 target price for the company in a research note on Tuesday, November 1st. Brean Capital boosted their target price on NetEase from $235.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, November 10th. Finally, Morgan Stanley boosted their target price on NetEase from $195.00 to $233.00 and gave the stock an “overweight” rating in a research note on Thursday, November 10th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $255.88.

About NetEase

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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