Deutsche Bank AG Has $3.34 Million Stock Position in NetEase, Inc. $NTES

Key Points

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Deutsche Bank AG lessened its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,486 shares of the technology company's stock after selling 4,548 shares during the quarter. Deutsche Bank AG's holdings in NetEase were worth $3,343,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Greykasell Wealth Strategies Inc. purchased a new stake in shares of NetEase in the 1st quarter valued at approximately $144,000. Allianz SE purchased a new stake in shares of NetEase in the 1st quarter valued at approximately $110,000. US Bancorp DE lifted its position in shares of NetEase by 260.4% in the 1st quarter. US Bancorp DE now owns 26,276 shares of the technology company's stock valued at $2,704,000 after acquiring an additional 18,985 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of NetEase in the 1st quarter valued at approximately $328,000. Finally, Bayforest Capital Ltd lifted its position in shares of NetEase by 94.7% in the 1st quarter. Bayforest Capital Ltd now owns 5,387 shares of the technology company's stock valued at $554,000 after acquiring an additional 2,620 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays set a $120.00 price target on shares of NetEase and gave the company an "equal weight" rating in a research report on Monday, August 18th. Zacks Research downgraded shares of NetEase from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Wall Street Zen downgraded shares of NetEase from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of NetEase in a research report on Monday, May 12th. They issued a "buy" rating and a $130.00 target price for the company. Finally, JPMorgan Chase & Co. downgraded shares of NetEase from an "overweight" rating to a "neutral" rating and increased their target price for the stock from $135.00 to $140.00 in a research report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NetEase currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.71.

NetEase Stock Up 0.0%

Shares of NTES traded up $0.02 during mid-day trading on Friday, hitting $131.89. 747,930 shares of the company's stock were exchanged, compared to its average volume of 819,795. The firm has a fifty day moving average of $131.93 and a two-hundred day moving average of $115.94. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $141.45. The stock has a market cap of $83.56 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 1.74 and a beta of 0.67.

NetEase Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.675 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.70 annualized dividend and a dividend yield of 2.0%. NetEase's dividend payout ratio is 30.72%.

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.