Swedbank AB Invests $16.16 Million in NetEase, Inc. $NTES

Key Points

• Swedbank AB has acquired 120,100 shares of NetEase, Inc. valued at approximately $16.16 million, according to the latest SEC filing.
• In the second quarter, several institutional investors significantly increased their stakes in NetEase, with one firm growing its position by over 1,189%.
• NetEase recently declared a quarterly dividend of $0.675 per share, reflecting a 1.8% yield and a 30.72% payout ratio.

Swedbank AB purchased a new stake in NetEase, Inc. (NASDAQ:NTES - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 120,100 shares of the technology company's stock, valued at approximately $16,163,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in NetEase by 7,698.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,817,021 shares of the technology company's stock worth $289,928,000 after acquiring an additional 2,780,897 shares in the last quarter. Dodge & Cox lifted its stake in NetEase by 5.8% in the 1st quarter. Dodge & Cox now owns 2,803,664 shares of the technology company's stock worth $288,553,000 after acquiring an additional 153,788 shares in the last quarter. Hhlr Advisors LTD. lifted its stake in NetEase by 3.1% in the 1st quarter. Hhlr Advisors LTD. now owns 2,668,697 shares of the technology company's stock worth $274,662,000 after acquiring an additional 79,754 shares in the last quarter. Wellington Management Group LLP lifted its stake in NetEase by 111.7% in the 1st quarter. Wellington Management Group LLP now owns 1,988,541 shares of the technology company's stock worth $204,661,000 after acquiring an additional 1,049,023 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in NetEase by 54.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,977,835 shares of the technology company's stock worth $203,560,000 after acquiring an additional 697,192 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company's stock.

NetEase Trading Up 0.2%

Shares of NASDAQ NTES traded up $0.30 during mid-day trading on Monday, reaching $152.35. 605,510 shares of the company's stock were exchanged, compared to its average volume of 1,168,450. The business has a fifty day simple moving average of $136.66 and a 200 day simple moving average of $121.74. NetEase, Inc. has a twelve month low of $75.88 and a twelve month high of $159.55. The firm has a market capitalization of $96.53 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.03 and a beta of 0.67.

NetEase Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, August 28th. NetEase's dividend payout ratio (DPR) is currently 30.72%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Zacks Research downgraded NetEase from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. JPMorgan Chase & Co. downgraded shares of NetEase from an "overweight" rating to a "neutral" rating and boosted their target price for the company from $135.00 to $140.00 in a research note on Monday, July 28th. 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. Barclays set a $120.00 price objective on NetEase and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Finally, Arete Research raised NetEase to a "strong-buy" rating in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $132.00.

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.