Robeco Institutional Asset Management B.V. Sells 75,741 Shares of NetEase, Inc. (NASDAQ:NTES)

Robeco Institutional Asset Management B.V. cut its holdings in NetEase, Inc. (NASDAQ:NTES - Free Report) by 27.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund 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 reporting period.

Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP acquired a new stake in shares of NetEase during the 2nd quarter worth $2,186,000. Cetera Investment Advisers increased its holdings in shares of NetEase by 56.8% during the 2nd quarter. Cetera Investment Advisers now owns 17,123 shares of the technology company's stock worth $1,637,000 after buying an additional 6,203 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of NetEase during the 2nd quarter worth $1,204,000. Guinness Asset Management LTD increased its holdings in shares of NetEase by 16.7% during the 3rd quarter. Guinness Asset Management LTD now owns 86,741 shares of the technology company's stock worth $8,111,000 after buying an additional 12,410 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of NetEase by 1.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 47,245 shares of the technology company's stock worth $4,418,000 after buying an additional 776 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

NetEase Stock Up 0.8 %

NASDAQ:NTES traded up $0.82 during trading hours on Monday, reaching $103.67. 1,126,823 shares of the company's stock were exchanged, compared to its average volume of 1,365,172. The company has a market capitalization of $66.57 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 3.44 and a beta of 0.58. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $114.50. The business's 50-day simple moving average is $93.98 and its two-hundred day simple moving average is $88.47.

NetEase Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Friday, November 29th. NetEase's dividend 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.