NetEase, Inc. $NTES is Ativo Capital Management LLC's 3rd Largest Position

Key Points

• Ativo Capital Management LLC has reduced its stake in NetEase, Inc. by 25.5%, making it the firm's third largest position, valued at approximately $5.63 million.
• Various institutional investors have made significant moves with NetEase, including Sumitomo Mitsui Trust Group increasing its stake by 20.8% in the first quarter.
• Analysts have given NetEase a consensus rating of "Moderate Buy" with a target price averaging $142.30, while Morgan Stanley reaffirmed an "overweight" rating with a $170 target.

Ativo Capital Management LLC reduced its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 25.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,866 shares of the technology company's stock after selling 14,333 shares during the period. NetEase accounts for about 5.0% of Ativo Capital Management LLC's portfolio, making the stock its 3rd largest holding. Ativo Capital Management LLC's holdings in NetEase were worth $5,634,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NTES. Sumitomo Mitsui Trust Group Inc. increased its position in shares of NetEase by 20.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,685 shares of the technology company's stock worth $894,000 after purchasing an additional 1,495 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of NetEase during the first quarter worth approximately $398,000. Concurrent Investment Advisors LLC increased its position in shares of NetEase by 5.4% during the first quarter. Concurrent Investment Advisors LLC now owns 2,569 shares of the technology company's stock worth $264,000 after purchasing an additional 132 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of NetEase by 10,192.0% during the first quarter. GAMMA Investing LLC now owns 2,573 shares of the technology company's stock worth $265,000 after buying an additional 2,548 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of NetEase during the first quarter worth $2,554,000. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 target price on shares of NetEase in a report on Wednesday, October 8th. Wall Street Zen raised shares of NetEase from a "buy" rating to a "strong-buy" rating in a research note on Friday, October 3rd. Arete raised shares of NetEase from a "sell" rating to a "buy" rating and set a $150.00 price objective for the company in a research note on Wednesday, September 3rd. Arete Research upgraded NetEase to a "strong-buy" rating in a research report on Wednesday, September 3rd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of NetEase in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $142.30.

NetEase Price Performance

NetEase stock opened at $149.37 on Tuesday. The firm has a 50 day simple moving average of $142.24 and a 200-day simple moving average of $127.27. NetEase, Inc. has a 1-year low of $75.88 and a 1-year high of $159.55. The stock has a market cap of $94.64 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.96 and a beta of 0.67.

NetEase Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Thursday, August 28th were given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, August 28th. NetEase's dividend payout ratio is presently 30.72%.

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.

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