2,228 Shares in NetEase, Inc. $NTES Purchased by Midwest Trust Co

Midwest Trust Co purchased a new position in NetEase, Inc. (NASDAQ:NTES) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,228 shares of the technology company’s stock, valued at approximately $300,000.

Several other large investors also recently made changes to their positions in the business. Wellington Management Group LLP raised its holdings in shares of NetEase by 111.7% in the 1st quarter. Wellington Management Group LLP now owns 1,988,541 shares of the technology company’s stock worth $204,661,000 after purchasing an additional 1,049,023 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in NetEase by 54.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,977,835 shares of the technology company’s stock worth $203,560,000 after buying an additional 697,192 shares in the last quarter. Envestnet Asset Management Inc. grew its position in NetEase by 255.0% in the second quarter. Envestnet Asset Management Inc. now owns 264,463 shares of the technology company’s stock worth $35,591,000 after buying an additional 189,963 shares during the last quarter. Ninety One North America Inc. increased its holdings in shares of NetEase by 52.5% in the second quarter. Ninety One North America Inc. now owns 483,745 shares of the technology company’s stock valued at $65,102,000 after buying an additional 166,432 shares in the last quarter. Finally, Dodge & Cox increased its holdings in shares of 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 buying an additional 153,788 shares in the last quarter. Institutional investors own 11.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NTES. Barclays set a $120.00 price objective on NetEase and gave the stock an “equal weight” rating in a research note on Monday, August 18th. The Goldman Sachs Group set a $161.00 price target on NetEase and gave the company a “buy” rating in a research report on Monday, September 15th. Wall Street Zen raised NetEase from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Morgan Stanley restated an “overweight” rating and set a $170.00 price objective on shares of NetEase in a report on Wednesday, October 8th. Finally, Arete upgraded shares of NetEase from a “sell” rating to a “buy” rating and set a $150.00 target price for the company in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NetEase has a consensus rating of “Moderate Buy” and an average price target of $142.30.

NetEase Trading Up 0.0%

NASDAQ:NTES opened at $142.37 on Thursday. The firm has a market capitalization of $90.20 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 1.91 and a beta of 0.65. NetEase, Inc. has a 1-year low of $75.88 and a 1-year high of $159.55. The business’s fifty day moving average price is $147.33 and its 200 day moving average price is $134.17.

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.