Robeco Institutional Asset Management B.V. Acquires 3,283 Shares of NetEase, Inc. (NASDAQ:NTES)

Robeco Institutional Asset Management B.V. boosted its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 200,174 shares of the technology company's stock after purchasing an additional 3,283 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in NetEase were worth $20,602,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of NetEase by 1.1% during the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock valued at $919,000 after buying an additional 117 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of NetEase by 2.7% during the 1st quarter. Fifth Third Bancorp now owns 5,264 shares of the technology company's stock valued at $542,000 after buying an additional 138 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of NetEase by 81.7% during the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after buying an additional 152 shares in the last quarter. Focus Financial Network Inc. lifted its position in shares of NetEase by 5.6% during the 1st quarter. Focus Financial Network Inc. now owns 3,763 shares of the technology company's stock valued at $387,000 after buying an additional 200 shares in the last quarter. Finally, Polar Capital Holdings Plc lifted its position in shares of NetEase by 11.1% during the 4th quarter. Polar Capital Holdings Plc now owns 2,397 shares of the technology company's stock valued at $214,000 after buying an additional 240 shares in the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Trading Down 0.2%

Shares of NASDAQ NTES traded down $0.27 during trading hours on Friday, hitting $132.65. 627,585 shares of the company traded hands, compared to its average volume of 1,508,520. The stock has a market capitalization of $84.05 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 4.62 and a beta of 0.67. The company's 50 day moving average price is $119.22 and its 200 day moving average price is $105.81. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $134.12.

NetEase Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Friday, May 30th. NetEase's dividend payout ratio (DPR) is presently 38.71%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays lifted their price objective on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. lifted their price objective on NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on NetEase in a research report on Monday, May 12th. They set a "buy" rating and a $130.00 price objective on the stock. One 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $119.38.

NetEase Company 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.