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

Robeco Institutional Asset Management B.V. trimmed its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 27.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of NetEase in the fourth quarter worth about $34,000. UMB Bank n.a. increased its stake in NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock worth $40,000 after acquiring an additional 111 shares during the last quarter. Highline Wealth Partners LLC purchased a new stake in shares of NetEase during the 3rd quarter worth approximately $45,000. RPg Family Wealth Advisory LLC bought a new position in shares of NetEase during the 3rd quarter valued at approximately $70,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of NetEase in the third quarter valued at $76,000. 11.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

NetEase Stock Performance

NTES opened at $102.85 on Friday. The stock’s 50 day moving average price is $93.65 and its 200-day moving average price is $88.47. NetEase, Inc. has a one year low of $75.85 and a one year high of $114.50. The stock has a market cap of $66.05 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 3.37 and a beta of 0.57.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.435 dividend. 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 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.