Robeco Institutional Asset Management B.V. Boosts Stock Position in NetEase, Inc. (NASDAQ:NTES)

Robeco Institutional Asset Management B.V. boosted its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 1.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,174 shares of the technology company's stock after buying an additional 3,283 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in NetEase were worth $20,602,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NTES. Invesco Ltd. grew its holdings in shares of NetEase by 88.0% during the fourth quarter. Invesco Ltd. now owns 2,365,464 shares of the technology company's stock valued at $211,023,000 after buying an additional 1,107,363 shares during the last quarter. Capital World Investors boosted its stake in NetEase by 40.6% during the 4th quarter. Capital World Investors now owns 3,725,046 shares of the technology company's stock valued at $332,311,000 after purchasing an additional 1,074,818 shares during the last quarter. FIL Ltd increased 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 purchasing an additional 1,027,102 shares in the last quarter. Mawer Investment Management Ltd. purchased a new stake in shares of NetEase in the fourth quarter worth approximately $62,593,000. Finally, Davis Selected Advisers bought a new stake in NetEase during the fourth quarter worth $53,287,000. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Stock Performance

NetEase stock traded down $1.85 during midday trading on Wednesday, hitting $132.94. 280,990 shares of the company's stock were exchanged, compared to its average volume of 1,496,723. The stock has a 50-day moving average price of $120.58 and a two-hundred day moving average price of $106.35. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $135.32. The company has a market cap of $84.23 billion, a P/E ratio of 19.13, a PEG ratio of 4.69 and a beta of 0.69.

NetEase Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NTES. Barclays increased their target price on shares of NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft started coverage on NetEase in a research note on Monday, May 12th. They issued a "buy" rating and a $130.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NetEase presently 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.