NetEase, Inc. $NTES Stock: Robeco Institutional Asset Management B.V. Trims Position

Robeco Institutional Asset Management B.V. lowered its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 8.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,279 shares of the technology company’s stock after selling 10,042 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in NetEase were worth $12,513,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in shares of NetEase by 25.2% in the first quarter. Renaissance Technologies LLC now owns 1,363,188 shares of the technology company’s stock valued at $152,595,000 after buying an additional 274,500 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of NetEase by 111.4% during the first quarter. Bank of America Corp DE now owns 1,325,317 shares of the technology company’s stock worth $148,356,000 after buying an additional 698,318 shares during the last quarter. Dimensional Fund Advisors LP increased its position in NetEase by 16.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,079,110 shares of the technology company’s stock valued at $120,697,000 after acquiring an additional 155,784 shares during the period. Temasek Holdings Private Ltd increased its position in NetEase by 50.7% in the 1st quarter. Temasek Holdings Private Ltd now owns 708,114 shares of the technology company’s stock valued at $79,266,000 after acquiring an additional 238,386 shares during the period. Finally, Lazard Asset Management LLC increased its position in NetEase by 64.2% in the 1st quarter. Lazard Asset Management LLC now owns 581,720 shares of the technology company’s stock valued at $65,118,000 after acquiring an additional 227,433 shares during the period. 11.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Aileen Mo sold 716 shares of NetEase stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $120.64, for a total transaction of $86,378.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 54.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Nomura upped their price objective on NetEase from $155.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Weiss Ratings downgraded shares of NetEase from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Zacks Research lowered shares of NetEase from a “hold” rating to a “strong sell” rating in a research note on Tuesday. BNP Paribas Exane assumed coverage on shares of NetEase in a report on Tuesday, September 22nd. They set an “outperform” rating and a $180.00 price target for the company. Finally, Wall Street Zen cut shares of NetEase from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $159.86.

NetEase Stock Down 0.1%

Shares of NASDAQ NTES opened at $118.61 on Friday. NetEase, Inc. has a 52 week low of $106.06 and a 52 week high of $149.11. The firm has a 50-day moving average price of $120.91 and a 200 day moving average price of $121.61. The stock has a market capitalization of $75.94 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.39 and a beta of 0.68.

NetEase Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Thursday, September 3rd were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.6%. This is a drop from NetEase’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Thursday, September 3rd. NetEase’s dividend payout ratio is 26.31%.

NetEase Profile

NetEase, Inc is a China-based internet and technology company founded in 1997 by William Ding. The company develops and operates online games for personal computers and mobile devices, serving players in China and international markets.

NetEase Games is the company’s primary business and offers original titles such as Fantasy Westward Journey, Justice, and Identity V, along with games developed through partnerships and international studios. NetEase also publishes and distributes games in overseas markets through its global operations.

Beyond gaming, NetEase operates NetEase Cloud Music, an online music streaming and social platform, and Youdao, which provides educational technology, learning tools, and related content and services.