Penserra Capital Management LLC Has $13.57 Million Position in NetEase, Inc. (NASDAQ:NTES)

Penserra Capital Management LLC lifted its holdings in NetEase, Inc. (NASDAQ:NTES) by 53.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,450 shares of the technology company’s stock after acquiring an additional 17,837 shares during the period. NetEase makes up approximately 3.2% of Penserra Capital Management LLC’s portfolio, making the stock its 7th biggest position. Penserra Capital Management LLC’s holdings in NetEase were worth $13,573,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Group LLC grew its stake in shares of 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 buying an additional 1,656 shares during the period. Aberdeen Asset Management PLC UK boosted its stake in NetEase by 64.7% during 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. First Trust Advisors LP boosted its stake in NetEase by 9.5% during the 3rd quarter. First Trust Advisors LP now owns 319,517 shares of the technology company’s stock valued at $84,292,000 after purchasing an additional 27,771 shares during the last quarter. Stifel Financial Corp boosted its stake in NetEase by 25.9% during the 2nd quarter. Stifel Financial Corp now owns 3,032 shares of the technology company’s stock valued at $919,000 after purchasing an additional 624 shares during the last quarter. Finally, Fox Run Management L.L.C. boosted its stake in NetEase by 228.6% during the 3rd quarter. Fox Run Management L.L.C. now owns 2,300 shares of the technology company’s stock valued at $607,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors own 50.30% of the company’s stock.

A number of brokerages have recently weighed in on NTES. Vetr upgraded NetEase from a “hold” rating to a “buy” rating and set a $323.68 target price on the stock in a research note on Monday. BidaskClub downgraded NetEase from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Deutsche Bank AG restated a “buy” rating and issued a $343.00 target price (up previously from $300.00) on shares of NetEase in a research note on Tuesday, July 25th. ValuEngine raised shares of NetEase from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $315.00 price target on shares of NetEase in a report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $303.64.

NetEase, Inc. (NASDAQ:NTES) opened at $298.56 on Wednesday. NetEase, Inc. has a one year low of $211.11 and a one year high of $337.55. The stock has a market cap of $39,160.00, a PE ratio of 19.83, a P/E/G ratio of 1.28 and a beta of 0.93.

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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.

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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