NetEase, Inc. $NTES Shares Purchased by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in NetEase, Inc. by 5.4%, owning a total of 41,100 shares valued at approximately $4.23 million after acquiring an additional 2,100 shares.
• NetEase stock has received mixed ratings from analysts, with JPMorgan Chase & Co. downgrading it from "overweight" to "neutral" while Arete upgraded it from "sell" to "buy," setting a price target at $150.
• The company declared a quarterly dividend of $0.675 per share, representing a 2.0% yield and an annualized payout of $2.70, with a payout ratio of 30.72%.

Edmond DE Rothschild Holding S.A. lifted its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,100 shares of the technology company's stock after acquiring an additional 2,100 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in NetEase were worth $4,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in NTES. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in NetEase during the 1st quarter worth about $26,000. Mather Group LLC. grew its position in NetEase by 1,415.0% during the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company's stock worth $31,000 after purchasing an additional 283 shares during the period. TD Private Client Wealth LLC acquired a new stake in NetEase during the 1st quarter worth about $65,000. Farther Finance Advisors LLC grew its position in NetEase by 191.7% during the 1st quarter. Farther Finance Advisors LLC now owns 986 shares of the technology company's stock worth $105,000 after purchasing an additional 648 shares during the period. Finally, Allianz SE acquired a new stake in NetEase during the 1st quarter worth about $110,000. 11.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NTES has been the topic of several analyst reports. JPMorgan Chase & Co. downgraded NetEase from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $135.00 to $140.00 in a research report on Monday, July 28th. Barclays set a $120.00 price target on NetEase and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Zacks Research downgraded NetEase from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Arete raised NetEase from a "sell" rating to a "buy" rating and set a $150.00 price target on the stock in a research report on Wednesday. Finally, Arete Research set a $150.00 price target on NetEase in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $128.78.

NetEase Trading Down 1.3%

NASDAQ NTES opened at $133.14 on Friday. The stock has a market capitalization of $84.36 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.80 and a beta of 0.67. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $141.45. The stock has a 50-day moving average of $132.82 and a 200 day moving average of $117.78.

NetEase Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 28th will be paid a $0.675 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.70 dividend on an annualized basis and a yield of 2.0%. NetEase's dividend payout ratio (DPR) is currently 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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