Banque Cantonale Vaudoise Takes $2.08 Million Position in NetEase, Inc. (NASDAQ:NTES)

Key Points

• Banque Cantonale Vaudoise made a new investment in NetEase, Inc. by purchasing over 20,000 shares valued at approximately $2.08 million in the first quarter.
• NetEase's stock recently saw a 0.9% decline, with a market capitalization of $82.57 billion and a 12-month stock price range between $75.85 and $141.45.
• The company announced a quarterly dividend of $0.675 per share, representing an annualized dividend yield of 2.07% and a payout ratio of 38.71%.

Banque Cantonale Vaudoise bought a new stake in NetEase, Inc. (NASDAQ:NTES - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 20,167 shares of the technology company's stock, valued at approximately $2,076,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. boosted its position in shares of NetEase by 1,415.0% during the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company's stock valued at $31,000 after acquiring an additional 283 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of NetEase during the 1st quarter valued at about $65,000. Farther Finance Advisors LLC boosted its position in shares of NetEase by 191.7% during the 1st quarter. Farther Finance Advisors LLC now owns 986 shares of the technology company's stock valued at $105,000 after acquiring an additional 648 shares in the last quarter. Toronto Dominion Bank acquired a new stake in shares of NetEase during the 4th quarter valued at about $145,000. Finally, Bear Mountain Capital Inc. acquired a new stake in shares of NetEase during the 1st quarter valued at about $194,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTES has been the subject of several analyst reports. Barclays lifted their price target on shares of NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. JPMorgan Chase & Co. downgraded shares of NetEase from an "overweight" rating to a "neutral" rating and boosted their target price for the stock from $135.00 to $140.00 in a research note on Monday. Wall Street Zen raised shares of NetEase from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of NetEase in a research note on Monday, May 12th. They issued a "buy" rating and a $130.00 target price for the company. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NetEase has a consensus rating of "Moderate Buy" and a consensus price target of $120.00.

NetEase Trading Down 2.3%

Shares of NASDAQ:NTES traded down $2.99 during trading on Friday, hitting $127.31. 660,035 shares of the company's stock were exchanged, compared to its average volume of 601,411. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $141.45. The firm has a 50-day moving average price of $130.65 and a two-hundred day moving average price of $112.63. The firm has a market cap of $80.66 billion, a P/E ratio of 18.32, a PEG ratio of 4.52 and a beta of 0.68.

NetEase Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.675 per share. The ex-dividend date was Friday, May 30th. This represents a $2.70 annualized dividend and a dividend yield of 2.1%. NetEase's payout ratio is currently 38.71%.

NetEase 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.