NetEase, Inc. (NASDAQ:NTES) Shares Sold by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. trimmed its stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 20.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,132 shares of the technology company's stock after selling 3,137 shares during the quarter. GF Fund Management CO. LTD.'s holdings in NetEase were worth $1,249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in NetEase by 7,698.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,817,021 shares of the technology company's stock worth $289,928,000 after buying an additional 2,780,897 shares during the last quarter. Invesco Ltd. lifted its holdings in NetEase by 88.0% during the 4th quarter. Invesco Ltd. now owns 2,365,464 shares of the technology company's stock worth $211,023,000 after buying an additional 1,107,363 shares during the last quarter. Capital World Investors lifted its holdings in NetEase by 40.6% during the 4th quarter. Capital World Investors now owns 3,725,046 shares of the technology company's stock worth $332,311,000 after buying an additional 1,074,818 shares during the last quarter. FIL Ltd lifted its holdings in NetEase by 160.2% during the 4th quarter. FIL Ltd now owns 1,668,359 shares of the technology company's stock worth $148,834,000 after buying an additional 1,027,102 shares during the last quarter. Finally, Mawer Investment Management Ltd. purchased a new stake in NetEase during the 4th quarter worth about $62,593,000. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Stock Up 0.2%

NTES traded up $0.25 on Tuesday, hitting $133.28. 382,459 shares of the company traded hands, compared to its average volume of 1,486,785. The company has a 50 day moving average of $123.37 and a 200-day moving average of $107.77. The stock has a market capitalization of $84.44 billion, a PE ratio of 19.18, a PEG ratio of 4.63 and a beta of 0.69. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $135.32.

NetEase Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Friday, May 30th. NetEase's dividend payout ratio is presently 38.71%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NTES. Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Barclays boosted their target price on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft started coverage on NetEase in a report on Monday, May 12th. They issued a "buy" rating and a $130.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, May 19th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, NetEase has a consensus rating of "Buy" and a consensus price target of $119.38.

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.