NetEase, Inc. (NASDAQ:NTES) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise reduced its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,268 shares of the technology company’s stock after selling 825 shares during the period. Banque Cantonale Vaudoise’s holdings in NetEase were worth $1,428,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NTES. Price T Rowe Associates Inc. MD acquired a new position in NetEase during the 1st quarter worth $103,658,000. Lazard Asset Management LLC boosted its holdings in shares of NetEase by 804.5% in the 1st quarter. Lazard Asset Management LLC now owns 792,357 shares of the technology company’s stock valued at $81,983,000 after buying an additional 704,753 shares during the period. Point72 Hong Kong Ltd boosted its holdings in shares of NetEase by 109.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,213,323 shares of the technology company’s stock valued at $115,969,000 after buying an additional 632,896 shares during the period. Assenagon Asset Management S.A. lifted its position in NetEase by 65.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 772,242 shares of the technology company’s stock valued at $73,811,000 after purchasing an additional 306,500 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its position in NetEase by 126.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 525,400 shares of the technology company’s stock valued at $50,218,000 after purchasing an additional 293,400 shares during the last quarter. 11.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

NetEase Price Performance

NASDAQ NTES opened at $87.53 on Thursday. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $117.47. The stock’s 50-day moving average is $84.33 and its two-hundred day moving average is $88.74. The firm has a market cap 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 issued its quarterly earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $10.43. The company had revenue of $25.49 billion for the quarter, compared to the consensus estimate of $26.01 billion. NetEase had a return on equity of 20.82% and a net margin of 26.02%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $1.75 earnings per share. On average, equities analysts expect that NetEase, Inc. will post 6.08 EPS for the current year.

NetEase Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, November 29th. NetEase’s dividend payout ratio is currently 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.