Flossbach Von Storch SE Has $1.78 Million Holdings in NetEase, Inc. (NASDAQ:NTES)

Flossbach Von Storch SE trimmed its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 11.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,000 shares of the technology company's stock after selling 2,500 shares during the period. Flossbach Von Storch SE's holdings in NetEase were worth $1,784,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC acquired a new position in NetEase during the fourth quarter worth about $217,000. Truist Financial Corp acquired a new stake in NetEase in the fourth quarter valued at approximately $218,000. FengHe Fund Management Pte. Ltd. bought a new stake in NetEase in the fourth quarter worth $30,563,000. V Square Quantitative Management LLC raised its stake in shares of NetEase by 17.8% in the 4th quarter. V Square Quantitative Management LLC now owns 4,694 shares of the technology company's stock valued at $421,000 after acquiring an additional 710 shares in the last quarter. Finally, Focus Financial Network Inc. bought a new position in shares of NetEase in the fourth quarter valued at approximately $318,000. Institutional investors and hedge funds own 11.07% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays lifted their price target on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research report on Monday. Bank of America lifted their price target on shares of NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Citigroup boosted their price target on shares of NetEase from $108.00 to $115.00 and gave the company a "buy" rating in a report on Friday, November 15th. Benchmark raised their price objective on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday. Finally, StockNews.com cut shares of NetEase from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $114.57.

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NetEase Stock Performance

Shares of NASDAQ NTES traded down $4.31 during mid-day trading on Monday, hitting $98.91. 1,709,464 shares of the stock were exchanged, compared to its average volume of 1,372,746. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $114.50. The stock's fifty day simple moving average is $97.77 and its two-hundred day simple moving average is $89.78. The company has a market cap of $63.52 billion, a P/E ratio of 15.50, a PEG ratio of 3.37 and a beta of 0.58.

NetEase (NASDAQ:NTES - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $27.16 billion. As a group, equities research analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Thursday, March 6th will be issued a $0.435 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.76%. NetEase's dividend payout ratio is 76.61%.

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.