Robeco Institutional Asset Management B.V. Has $25.87 Million Stake in NetEase, Inc. $NTES

by · The Cerbat Gem

Robeco Institutional Asset Management B.V. reduced its stake in shares of NetEase, Inc. (NASDAQ:NTES – Free Report) by 2.6% in the third quarter, HoldingsChannel.com reports. The firm owned 170,202 shares of the technology company’s stock after selling 4,577 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in NetEase were worth $25,869,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NTES. InTrack Investment Management Inc grew its holdings in NetEase by 20.9% during the third quarter. InTrack Investment Management Inc now owns 4,463 shares of the technology company’s stock worth $678,000 after buying an additional 771 shares in the last quarter. Davis Capital Management bought a new stake in shares of NetEase in the 3rd quarter worth $76,000. Fulton Bank N.A. purchased a new stake in shares of NetEase in the third quarter valued at about $205,000. Signaturefd LLC raised its holdings in shares of NetEase by 6.5% in the third quarter. Signaturefd LLC now owns 4,155 shares of the technology company’s stock valued at $632,000 after purchasing an additional 255 shares during the last quarter. Finally, GAM Holding AG lifted its position in shares of NetEase by 19.6% during the third quarter. GAM Holding AG now owns 8,042 shares of the technology company’s stock valued at $1,222,000 after purchasing an additional 1,320 shares in the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

Shares of NTES opened at $141.55 on Thursday. NetEase, Inc. has a fifty-two week low of $88.54 and a fifty-two week high of $159.55. The business has a 50-day moving average of $138.99 and a 200 day moving average of $139.53. The firm has a market cap of $89.68 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.63 and a beta of 0.67.

NetEase Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a $0.57 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. NetEase’s payout ratio is 28.99%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NTES. Barclays set a $135.00 price objective on shares of NetEase and gave the stock an “equal weight” rating in a research report on Friday, November 21st. 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 report on Friday, October 10th. Morgan Stanley reiterated an “overweight” rating and set a $170.00 price target on shares of NetEase in a report on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of NetEase in a research note on Friday, November 21st. Finally, Wall Street Zen lowered NetEase from a “buy” rating to a “hold” rating in a research report on Sunday, November 23rd. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.33.

View Our Latest Analysis on NetEase

NetEase Profile

(Free Report)

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.

Recommended Stories

Want to see what other hedge funds are holding NTES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetEase, Inc. (NASDAQ:NTES – Free Report).