Vontobel Holding Ltd. Decreases Stock Holdings in NetEase, Inc. $NTES

Key Points

• Vontobel Holding Ltd. has reduced its stake in NetEase, Inc. by 16.1% during the second quarter, now holding 22,010 shares valued at approximately $2.96 million.
• NetEase recently announced a quarterly dividend of $0.675, translating to an annualized yield of 1.8%, with a payout ratio of 30.72%.
• The stock has received mixed analyst ratings, with a consensus average rating of "Moderate Buy" and target prices ranging from $120 to $190.

Vontobel Holding Ltd. cut its holdings in NetEase, Inc. (NASDAQ:NTES - Free Report) by 16.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,010 shares of the technology company's stock after selling 4,233 shares during the period. Vontobel Holding Ltd.'s holdings in NetEase were worth $2,962,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased 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 acquiring an additional 2,780,897 shares during the last quarter. Wellington Management Group LLP boosted its holdings in NetEase by 111.7% in the first 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in NetEase by 54.4% in the first 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 in the last quarter. New York State Common Retirement Fund acquired a new position in NetEase in the first quarter valued at approximately $28,765,000. Finally, TT International Asset Management LTD purchased a new stake in shares of NetEase during the 1st quarter worth approximately $21,918,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.

NetEase Stock Down 3.1%

NTES opened at $146.91 on Friday. The business has a 50 day moving average price of $141.86 and a two-hundred day moving average price of $126.75. The company has a market cap of $93.08 billion, a PE ratio of 19.88, a P/E/G ratio of 1.96 and a beta of 0.67. NetEase, Inc. has a 52 week low of $75.88 and a 52 week high of $159.55.

NetEase Announces Dividend

The company also recently disclosed 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 was Thursday, August 28th. NetEase's dividend payout ratio (DPR) is 30.72%.

Wall Street Analyst Weigh In

NTES has been the subject of several recent analyst reports. Zacks Research downgraded shares of NetEase from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Barclays set a $120.00 price target on shares of NetEase and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Arete raised NetEase from a "sell" rating to a "buy" rating and set a $150.00 price objective on the stock in a report on Wednesday, September 3rd. The Goldman Sachs Group set a $161.00 target price on NetEase and gave the company a "buy" rating in a research report on Monday, September 15th. Finally, JPMorgan Chase & Co. raised NetEase from a "neutral" rating to an "overweight" rating and upped their target price for the company from $138.00 to $190.00 in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $142.30.

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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