Banque Cantonale Vaudoise Has $672,000 Holdings in NetEase, Inc. $NTES

Key Points

• Banque Cantonale Vaudoise reduced its NetEase stake by 77.2% in Q3, selling 15,002 shares and retaining 4,419 shares valued at about $672,000.
• NetEase raised its quarterly dividend to $1.16 (from $0.57), implying an annualized $4.64 and a ~4.0% yield; the ex-dividend date is March 16 and payment is March 27.
• The stock carries a consensus "Moderate Buy" rating with an average price target of $153.89, while NTES trades near $116.27 with a market cap of ~$73.7B and a P/E of ~15.8.

Banque Cantonale Vaudoise lessened its holdings in NetEase, Inc. (NASDAQ:NTES - Free Report) by 77.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,419 shares of the technology company's stock after selling 15,002 shares during the quarter. Banque Cantonale Vaudoise's holdings in NetEase were worth $672,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Man Group plc lifted its holdings in NetEase by 33.3% in the second quarter. Man Group plc now owns 983,156 shares of the technology company's stock valued at $132,313,000 after buying an additional 245,872 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its holdings in NetEase by 103.0% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 332,195 shares of the technology company's stock worth $44,707,000 after acquiring an additional 168,573 shares during the period. Ameriprise Financial Inc. grew its holdings in NetEase by 351.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 187,415 shares of the technology company's stock worth $25,221,000 after acquiring an additional 145,906 shares during the period. Orion Porfolio Solutions LLC raised its position in shares of NetEase by 1,523.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 152,431 shares of the technology company's stock valued at $20,514,000 after acquiring an additional 143,043 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of NetEase by 19.7% during the 2nd quarter. American Century Companies Inc. now owns 748,450 shares of the technology company's stock valued at $100,726,000 after acquiring an additional 122,951 shares during the last quarter. Institutional investors and hedge funds own 11.07% of the company's stock.

NetEase Stock Up 0.9%

NTES opened at $116.27 on Friday. NetEase, Inc. has a 12 month low of $88.54 and a 12 month high of $159.55. The company has a fifty day simple moving average of $126.88 and a 200 day simple moving average of $137.27. The stock has a market cap of $73.67 billion, a P/E ratio of 15.84, a P/E/G ratio of 1.47 and a beta of 0.74.

NetEase Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 16th will be given a dividend of $1.16 per share. This is an increase from NetEase's previous quarterly dividend of $0.57. This represents a $4.64 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, March 16th. NetEase's payout ratio is 30.93%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup restated a "buy" rating on shares of NetEase in a research report on Wednesday, February 11th. Sanford C. Bernstein set a $155.00 price objective on NetEase in a report on Friday, November 21st. Barclays cut their target price on NetEase from $135.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 12th. Weiss Ratings restated a "hold (c)" rating on shares of NetEase in a report on Monday, December 22nd. Finally, Nomura decreased their target price on NetEase from $160.00 to $155.00 and set a "buy" rating for the company in a research report on Friday, February 13th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $153.89.

About NetEase

NetEase, Inc NASDAQ: NTES is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company's founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company's primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.

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