NetEase, Inc. (NASDAQ:NTES) Shares Sold by Amundi

Amundi trimmed its position in NetEase, Inc. (NASDAQ:NTES) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 539,891 shares of the technology company’s stock after selling 29,127 shares during the period. Amundi owned approximately 0.08% of NetEase worth $49,821,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its stake in shares of NetEase by 27.3% in the 3rd quarter. Assetmark Inc. now owns 38,469 shares of the technology company’s stock worth $3,597,000 after purchasing an additional 8,248 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in NetEase by 20.6% during the third quarter. GSA Capital Partners LLP now owns 21,853 shares of the technology company’s stock worth $2,043,000 after buying an additional 3,739 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in NetEase by 5.5% in the third quarter. Ashton Thomas Private Wealth LLC now owns 7,892 shares of the technology company’s stock worth $738,000 after buying an additional 409 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of NetEase in the third quarter valued at $468,000. Finally, Euro Pacific Asset Management LLC lifted its position in shares of NetEase by 3.8% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 12,964 shares of the technology company’s stock valued at $1,215,000 after acquiring an additional 469 shares during the last quarter. 11.07% of the stock is owned by institutional investors.

NetEase Price Performance

Shares of NASDAQ NTES opened at $104.88 on Thursday. NetEase, Inc. has a one year low of $75.85 and a one year high of $111.12. The business’s 50-day moving average price is $100.29 and its two-hundred day moving average price is $90.91. The company has a market capitalization of $67.35 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61.

NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.73 by $0.14. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. On average, equities analysts anticipate that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.435 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.66%. NetEase’s dividend payout ratio (DPR) is 76.45%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NTES. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Morgan Stanley boosted their price objective on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Barclays upped their price objective on shares of NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Benchmark boosted their price target on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Bank of America upped their price target on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, NetEase presently has a consensus rating of “Moderate Buy” and an average target price of $114.57.

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.