NetEase, Inc. (NASDAQ:NTES) Stake Lessened by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,723 shares of the technology company's stock after selling 4,497 shares during the quarter. Vontobel Holding Ltd.'s holdings in NetEase were worth $6,042,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of NetEase by 13,747.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company's stock worth $585,227,000 after purchasing an additional 6,213,248 shares during the period. Hhlr Advisors LTD. raised its position in shares of NetEase by 86.8% during the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company's stock worth $242,092,000 after purchasing an additional 1,203,129 shares during the period. Fisher Asset Management LLC raised its position in shares of NetEase by 7.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company's stock worth $107,130,000 after purchasing an additional 82,474 shares during the period. Wellington Management Group LLP raised its position in shares of NetEase by 1.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company's stock worth $95,400,000 after purchasing an additional 10,920 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of NetEase by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 666,411 shares of the technology company's stock worth $62,316,000 after purchasing an additional 72,988 shares during the period. Institutional investors and hedge funds own 11.07% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. StockNews.com cut NetEase from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 6th. Citigroup increased their price objective on NetEase from $108.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Bank of America increased their price objective on NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Benchmark decreased their price objective on NetEase from $120.00 to $105.00 and set a "buy" rating for the company in a report on Friday, November 15th. Finally, Morgan Stanley increased their price objective on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $110.00.

NetEase Price Performance

Shares of NASDAQ:NTES traded down $0.46 on Wednesday, reaching $104.17. 931,442 shares of the company traded hands, compared to its average volume of 1,338,144. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $114.50. The company's 50 day moving average is $97.36 and its 200-day moving average is $89.46. The stock has a market capitalization of $66.89 billion, a PE ratio of 17.60, a P/E/G ratio of 3.44 and a beta of 0.58.

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.