NetEase, Inc. (NASDAQ:NTES) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC increased its stake in NetEase, Inc. (NASDAQ:NTES) by 17.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,694 shares of the technology company’s stock after acquiring an additional 710 shares during the quarter. V Square Quantitative Management LLC’s holdings in NetEase were worth $421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in shares of NetEase in the 4th quarter valued at $34,000. UMB Bank n.a. lifted its stake in NetEase by 33.3% during the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after buying an additional 111 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in shares of NetEase in the third quarter worth about $45,000. RPg Family Wealth Advisory LLC purchased a new position in shares of NetEase in the third quarter worth approximately $70,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of NetEase during the third quarter valued at approximately $76,000. 11.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Bank of America lifted their price target on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Citigroup increased their price objective on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Morgan Stanley lifted their target price on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Benchmark reduced their price target on shares of NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $110.00.

NetEase Stock Performance

NASDAQ:NTES opened at $103.50 on Friday. The company has a market capitalization of $66.46 billion, a P/E ratio of 17.48, a P/E/G ratio of 3.45 and a beta of 0.58. The stock’s 50 day moving average price is $97.15 and its 200 day moving average price is $89.30. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $114.50.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.