Hikari Power Ltd purchased a new stake in shares of NetEase Inc (NASDAQ:NTES) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 700 shares of the technology company’s stock, valued at approximately $242,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in shares of NetEase by 20.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,726,000 shares of the technology company’s stock valued at $819,517,000 after acquiring an additional 456,300 shares during the last quarter. Orbis Allan Gray Ltd boosted its holdings in shares of NetEase by 17.9% during the 2nd quarter. Orbis Allan Gray Ltd now owns 2,459,381 shares of the technology company’s stock valued at $739,364,000 after acquiring an additional 372,510 shares during the last quarter. Comgest Global Investors S.A.S. boosted its holdings in shares of NetEase by 2.6% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 2,265,783 shares of the technology company’s stock valued at $597,737,000 after acquiring an additional 58,279 shares during the last quarter. FMR LLC boosted its holdings in shares of NetEase by 63.3% during the 2nd quarter. FMR LLC now owns 2,170,611 shares of the technology company’s stock valued at $652,551,000 after acquiring an additional 841,692 shares during the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of NetEase during the 3rd quarter valued at about $2,092,000. 50.42% of the stock is currently owned by hedge funds and other institutional investors.
NetEase Inc (NASDAQ:NTES) opened at $327.40 on Friday. The stock has a market cap of $43,250.00, a P/E ratio of 21.55, a P/E/G ratio of 1.61 and a beta of 0.94. NetEase Inc has a 1-year low of $232.14 and a 1-year high of $377.64.
A number of analysts have recently issued reports on NTES shares. Deutsche Bank set a $325.00 price target on shares of NetEase and gave the company a “buy” rating in a report on Friday, October 6th. ValuEngine raised shares of NetEase from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Vetr raised shares of NetEase from a “hold” rating to a “buy” rating and set a $363.82 price target on the stock in a report on Monday, January 1st. Barclays started coverage on shares of NetEase in a report on Wednesday, October 4th. They set an “equal weight” rating and a $260.00 price target on the stock. Finally, Zacks Investment Research raised shares of NetEase from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. NetEase presently has a consensus rating of “Hold” and a consensus price target of $339.89.
WARNING: “Hikari Power Ltd Invests $242,000 in NetEase Inc (NTES) Stock” was first reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.themarketsdaily.com/2018/01/12/hikari-power-ltd-invests-242000-in-netease-inc-ntes-stock.html.
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.
Receive News & Ratings for NetEase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase and related companies with MarketBeat.com's FREE daily email newsletter.