Vanguard Personalized Indexing Management LLC Boosts Stake in NetEase, Inc. $NTES

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in NetEase, Inc. by 48.4% in Q2, acquiring a total of 7,666 shares valued at $1,033,000.
• Several institutional investors, including Mirae Asset Global Investments and Wellington Management Group, made significant purchases in NetEase, indicating a rising interest in the company's stock.
• Analysts have given NetEase a consensus rating of "Moderate Buy" with a price target of $142.30, as various firms adjust their ratings and price objectives for the company.

Vanguard Personalized Indexing Management LLC increased its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 48.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,666 shares of the technology company's stock after purchasing an additional 2,499 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in NetEase were worth $1,033,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NTES. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 valued at $289,928,000 after purchasing an additional 2,780,897 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of NetEase by 111.7% in the 1st quarter. Wellington Management Group LLP now owns 1,988,541 shares of the technology company's stock valued at $204,661,000 after purchasing an additional 1,049,023 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 valued at $203,560,000 after purchasing an additional 697,192 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of NetEase in the 1st quarter valued at about $28,765,000. Finally, WT Asset Management Ltd lifted its holdings in shares of NetEase by 706.5% in the 1st quarter. WT Asset Management Ltd now owns 237,206 shares of the technology company's stock valued at $24,413,000 after purchasing an additional 207,793 shares during the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Arete raised NetEase from a "sell" rating to a "buy" rating and set a $150.00 target price for the company in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NetEase in a research note on Wednesday, October 8th. The Goldman Sachs Group set a $161.00 price objective on NetEase and gave the company a "buy" rating in a research note on Monday, September 15th. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price objective on shares of NetEase in a research note on Wednesday, October 8th. Finally, Barclays set a $120.00 price objective on NetEase and gave the company an "equal weight" rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $142.30.

NetEase Trading Down 0.3%

Shares of NTES stock opened at $148.21 on Monday. The company has a market cap of $93.90 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.96 and a beta of 0.67. The stock has a 50 day simple moving average of $143.62 and a 200-day simple moving average of $128.46. NetEase, Inc. has a 12-month low of $75.88 and a 12-month high of $159.55.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Thursday, August 28th were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, August 28th. NetEase's dividend payout ratio is 30.72%.

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.

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