Banco Bilbao Vizcaya Argentaria S.A. Has $563,000 Stock Position in NetEase, Inc. $NTES

Banco Bilbao Vizcaya Argentaria S.A. cut its holdings in NetEase, Inc. (NASDAQ:NTES) by 10.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,195 shares of the technology company’s stock after selling 511 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in NetEase were worth $563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in shares of NetEase by 111.7% in the first quarter. Wellington Management Group LLP now owns 1,988,541 shares of the technology company’s stock worth $204,661,000 after acquiring an additional 1,049,023 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of NetEase by 54.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,977,835 shares of the technology company’s stock valued at $203,560,000 after acquiring an additional 697,192 shares in the last quarter. Envestnet Asset Management Inc. grew its position in NetEase by 255.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 264,463 shares of the technology company’s stock worth $35,591,000 after acquiring an additional 189,963 shares during the last quarter. Ninety One North America Inc. increased its holdings in NetEase by 52.5% in the 2nd quarter. Ninety One North America Inc. now owns 483,745 shares of the technology company’s stock worth $65,102,000 after purchasing an additional 166,432 shares in the last quarter. Finally, Dodge & Cox raised its position in NetEase by 5.8% in the first quarter. Dodge & Cox now owns 2,803,664 shares of the technology company’s stock valued at $288,553,000 after purchasing an additional 153,788 shares during the last quarter. Institutional investors own 11.07% of the company’s stock.

Wall Street Analysts Forecast Growth

NTES has been the topic of several research reports. The Goldman Sachs Group set a $161.00 price target on NetEase and gave the stock a “buy” rating in a report on Monday, September 15th. Barclays set a $120.00 target price on shares of NetEase and gave the stock an “equal weight” rating in a report on Monday, August 18th. JPMorgan Chase & Co. raised shares of NetEase from a “neutral” rating to an “overweight” rating and raised their price target for the company from $138.00 to $190.00 in a research note on Friday, October 10th. Morgan Stanley reiterated an “overweight” rating and set a $170.00 price target on shares of NetEase in a report on Wednesday, October 8th. Finally, Arete upgraded NetEase from a “sell” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, NetEase presently has an average rating of “Moderate Buy” and a consensus price target of $145.33.

NetEase Stock Up 1.1%

NTES opened at $139.19 on Wednesday. NetEase, Inc. has a twelve month low of $84.97 and a twelve month high of $159.55. The company has a fifty day moving average of $147.41 and a 200-day moving average of $135.28. The stock has a market cap of $88.19 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 1.91 and a beta of 0.65.

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.