Robeco Institutional Asset Management B.V. Trims Stock Position in NetEase, Inc. (NASDAQ:NTES)

Robeco Institutional Asset Management B.V. decreased its position in NetEase, Inc. (NASDAQ:NTES) by 27.8% in the fourth quarter, Holdings Channel reports. The firm owned 196,891 shares of the technology company’s stock after selling 75,741 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in NetEase were worth $17,565,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of NetEase by 11.8% in the 4th quarter. Blue Trust Inc. now owns 5,042 shares of the technology company’s stock worth $471,000 after buying an additional 533 shares during the period. Euro Pacific Asset Management LLC grew its holdings in NetEase by 1.3% during the 4th quarter. Euro Pacific Asset Management LLC now owns 13,137 shares of the technology company’s stock worth $1,172,000 after acquiring an additional 173 shares in the last quarter. Exchange Traded Concepts LLC increased its position in NetEase by 43.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 67,797 shares of the technology company’s stock valued at $6,048,000 after purchasing an additional 20,552 shares during the period. Brighton Jones LLC raised its holdings 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 valued at $919,000 after purchasing an additional 117 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of NetEase by 27.3% in the 4th quarter. Inspire Investing LLC now owns 12,194 shares of the technology company’s stock worth $1,088,000 after purchasing an additional 2,614 shares during the period. Institutional investors own 11.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Morgan Stanley raised shares of NetEase from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $90.00 to $108.00 in a report on Wednesday, January 8th. Bank of America boosted their price target on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Benchmark dropped their price objective on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Finally, Citigroup lifted their price objective on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.71.

NetEase Stock Performance

Shares of NTES stock opened at $102.85 on Friday. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $114.50. The firm has a market capitalization of $66.05 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 3.37 and a beta of 0.57. The stock’s 50-day simple moving average is $93.65 and its 200-day simple moving average is $88.47.

NetEase Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.74 dividend on an annualized basis and a yield of 1.69%. NetEase’s payout ratio is 29.22%.

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.