Robeco Institutional Asset Management B.V. Has $23.52 Million Position in NetEase, Inc. $NTES

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in NetEase, Inc. by 12.7%, holding 174,779 shares valued at approximately $23.52 million.
• Several institutional investors increased their positions in NetEase, with Farther Finance Advisors growing their stake by 191.7%, now owning 986 shares worth about $105,000.
• Analysts have mixed ratings on NetEase, with a recent upgrade from a "buy" to a "strong-buy" by Wall Street Zen, while the average price target is set at $132.00.

Robeco Institutional Asset Management B.V. lessened its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 12.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 174,779 shares of the technology company's stock after selling 25,395 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in NetEase were worth $23,522,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NTES. Brighton Jones LLC boosted its position in shares of NetEase by 1.1% in the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock worth $919,000 after purchasing an additional 117 shares during the last quarter. GAMMA Investing LLC lifted its stake in NetEase by 10,192.0% in the first quarter. GAMMA Investing LLC now owns 2,573 shares of the technology company's stock valued at $265,000 after buying an additional 2,548 shares during the period. Pine Haven Investment Counsel Inc bought a new position in NetEase during the first quarter worth about $206,000. Farther Finance Advisors LLC grew its position in shares of 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 buying an additional 648 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in shares of NetEase by 13.0% in the 1st quarter. Handelsbanken Fonder AB now owns 502,115 shares of the technology company's stock valued at $51,678,000 after acquiring an additional 57,895 shares during the last quarter. Institutional investors own 11.07% of the company's stock.

Analyst Upgrades and Downgrades

NTES has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of NetEase from a "buy" rating to a "strong-buy" rating in a research report on Friday. Barclays set a $120.00 target price on shares of NetEase and gave the stock an "equal weight" rating in a report on Monday, August 18th. Zacks Research lowered shares of NetEase from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Arete Research upgraded shares of NetEase to a "strong-buy" rating in a research report on Wednesday, September 3rd. Finally, Arete raised NetEase from a "sell" rating to a "buy" rating and set a $150.00 price objective on the stock in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $132.00.

NetEase Stock Down 1.1%

Shares of NetEase stock opened at $151.57 on Friday. The stock has a market cap of $96.03 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.02 and a beta of 0.67. NetEase, Inc. has a 12-month low of $75.88 and a 12-month high of $159.55. The business's 50 day moving average is $139.82 and its 200-day moving average is $124.98.

NetEase Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Thursday, August 28th were paid a $0.675 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.70 dividend on an annualized basis and a yield of 1.8%. NetEase's dividend payout ratio (DPR) is currently 30.72%.

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.

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