Banque Cantonale Vaudoise Has $1.43 Million Position in NetEase, Inc. (NASDAQ:NTES)

Banque Cantonale Vaudoise reduced its holdings in NetEase, Inc. (NASDAQ:NTES) by 5.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 15,268 shares of the technology company’s stock after selling 825 shares during the quarter. Banque Cantonale Vaudoise’s holdings in NetEase were worth $1,428,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its position in NetEase by 4.3% during the second quarter. Sequoia Financial Advisors LLC now owns 2,575 shares of the technology company’s stock worth $246,000 after buying an additional 107 shares in the last quarter. Guinness Atkinson Asset Management Inc grew its position in NetEase by 0.7% during the second quarter. Guinness Atkinson Asset Management Inc now owns 15,422 shares of the technology company’s stock worth $1,474,000 after buying an additional 110 shares in the last quarter. SYSTM Wealth Solutions LLC grew its position in NetEase by 55.5% during the second quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock worth $31,000 after buying an additional 117 shares in the last quarter. Fifth Third Bancorp grew its position in NetEase by 1.9% during the second quarter. Fifth Third Bancorp now owns 7,658 shares of the technology company’s stock worth $732,000 after buying an additional 146 shares in the last quarter. Finally, Financial Advocates Investment Management grew its position in NetEase by 5.4% during the third quarter. Financial Advocates Investment Management now owns 4,647 shares of the technology company’s stock worth $435,000 after buying an additional 237 shares in the last quarter. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Trading Up 2.2 %

NASDAQ:NTES opened at $87.53 on Thursday. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $117.47. The firm has a 50 day moving average of $84.33 and a 200-day moving average of $88.74. The stock has a market capitalization of $56.21 billion, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 3.23 and a beta of 0.57.

NetEase (NASDAQ:NTES) last posted its earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $10.43. NetEase had a net margin of 26.02% and a return on equity of 20.82%. The company had revenue of $25.49 billion during the quarter, compared to analysts’ expectations of $26.01 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. NetEase’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts forecast that NetEase, Inc. will post 6.08 EPS for the current fiscal year.

NetEase Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Friday, November 29th. NetEase’s dividend payout ratio (DPR) is currently 29.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NTES shares. Benchmark decreased their target price on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Barclays cut their price target on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, August 26th. Bank of America cut their price target on shares of NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Citigroup raised their price target on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group cut their price target on shares of NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NetEase currently has an average rating of “Moderate Buy” and an average price target of $107.29.

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.