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

Robeco Institutional Asset Management B.V. decreased its position in NetEase, Inc. (NASDAQ:NTES) by 32.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 272,632 shares of the technology company’s stock after selling 132,490 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in NetEase were worth $25,494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. increased its holdings in NetEase by 1,415.0% during the 2nd quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock valued at $31,000 after purchasing an additional 283 shares during the period. SYSTM Wealth Solutions LLC lifted its holdings in NetEase by 55.5% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock worth $31,000 after buying an additional 117 shares during the period. Ariadne Wealth Management LP bought a new stake in shares of NetEase in the 2nd quarter worth approximately $35,000. Highline Wealth Partners LLC purchased a new position in shares of NetEase during the third quarter valued at approximately $45,000. Finally, ORG Partners LLC bought a new position in shares of NetEase during the first quarter valued at approximately $50,000. 11.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Jefferies Financial Group cut their price target on shares of NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Barclays lowered their price objective on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, August 26th. Finally, Bank of America reduced their target price on NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $112.67.

NetEase Stock Performance

Shares of NTES opened at $80.18 on Wednesday. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $118.89. The firm’s 50-day simple moving average is $83.66 and its two-hundred day simple moving average is $89.76. The stock has a market cap of $51.49 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.75 and a beta of 0.57.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Thursday, August 22nd. The technology company reported $12.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $10.43. NetEase had a return on equity of 22.30% and a net margin of 26.98%. The company had revenue of $25.49 billion during the quarter, compared to analyst estimates of $26.01 billion. During the same quarter last year, the company earned $1.75 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts predict that NetEase, Inc. will post 6.02 EPS for the current year.

NetEase Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Friday, September 6th. NetEase’s dividend payout ratio is presently 28.22%.

About NetEase

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.