Deutsche Bank AG Reduces Stock Position in NetEase, Inc. (NASDAQ:NTES)

Deutsche Bank AG decreased its holdings in NetEase, Inc. (NASDAQ:NTES - Free Report) by 91.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,034 shares of the technology company's stock after selling 412,490 shares during the quarter. Deutsche Bank AG's holdings in NetEase were worth $3,304,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. WT Asset Management Ltd purchased a new position in shares of NetEase in the 4th quarter worth $2,624,000. SG Americas Securities LLC bought a new position in NetEase in the fourth quarter valued at about $654,000. SVB Wealth LLC bought a new position in NetEase in the fourth quarter valued at about $3,817,000. Greenwoods Asset Management Hong Kong Ltd. grew its stake in shares of NetEase by 10.8% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company's stock valued at $324,088,000 after purchasing an additional 354,273 shares during the period. Finally, Focus Financial Network Inc. purchased a new stake in shares of NetEase during the 4th quarter valued at about $318,000. Hedge funds and other institutional investors own 11.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NTES. Deutsche Bank Aktiengesellschaft initiated coverage on shares of NetEase in a research report on Monday, May 12th. They set a "buy" rating and a $130.00 price objective for the company. Barclays boosted their price target on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. Morgan Stanley boosted their price objective on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. increased their target price on shares of NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Finally, Wall Street Zen raised shares of NetEase from a "buy" rating to a "strong-buy" rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $119.38.

NetEase Stock Up 0.6%

NASDAQ NTES traded up $0.73 during trading hours on Monday, reaching $119.75. The company's stock had a trading volume of 1,023,305 shares, compared to its average volume of 1,576,050. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $123.56. The company has a market capitalization of $75.87 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 3.37 and a beta of 0.66. The firm's 50-day moving average price is $104.73 and its 200-day moving average price is $99.02.

NetEase (NASDAQ:NTES - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.14. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $27.16 billion. Equities research analysts anticipate that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.675 dividend. The ex-dividend date of this dividend is Friday, May 30th. NetEase's dividend payout ratio (DPR) is 38.71%.

About NetEase

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.