NetEase, Inc. (NTES) Holdings Trimmed by Caxton Associates LP

Caxton Associates LP trimmed its position in NetEase, Inc. (NASDAQ:NTES) by 96.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,400 shares of the technology company’s stock after selling 37,600 shares during the quarter. Caxton Associates LP’s holdings in NetEase were worth $421,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Renaissance Group LLC boosted its holdings in NetEase by 3.3% in the 2nd quarter. Renaissance Group LLC now owns 51,703 shares of the technology company’s stock valued at $15,543,000 after purchasing an additional 1,656 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its holdings in NetEase by 64.7% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 72,450 shares of the technology company’s stock valued at $21,781,000 after purchasing an additional 28,450 shares during the last quarter. Geode Capital Management LLC boosted its holdings in NetEase by 11.6% in the 1st quarter. Geode Capital Management LLC now owns 152,694 shares of the technology company’s stock valued at $43,243,000 after purchasing an additional 15,931 shares during the last quarter. Standard Life Investments LTD boosted its holdings in NetEase by 14,556.7% in the 2nd quarter. Standard Life Investments LTD now owns 25,063 shares of the technology company’s stock valued at $7,534,000 after purchasing an additional 24,892 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in NetEase by 77.7% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 53,952 shares of the technology company’s stock valued at $16,220,000 after purchasing an additional 23,587 shares during the last quarter. Institutional investors own 50.38% of the company’s stock.

Several equities analysts have weighed in on NTES shares. Jefferies Group LLC reiterated a “buy” rating and issued a $330.00 target price on shares of NetEase in a report on Friday, June 16th. BidaskClub lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Deutsche Bank AG reissued a “buy” rating and issued a $343.00 price target (up from $300.00) on shares of NetEase in a research note on Tuesday, July 25th. Vetr downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $327.04 price target on the stock. in a research note on Monday, September 18th. Finally, Barclays PLC began coverage on shares of NetEase in a research note on Wednesday, October 4th. They issued an “equal weight” rating and a $260.00 price target on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. NetEase currently has an average rating of “Hold” and a consensus target price of $298.70.

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NetEase 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.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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