NetEase, Inc. (NASDAQ:NTES) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its holdings in NetEase, Inc. (NASDAQ:NTES - Free Report) by 32.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 272,632 shares of the technology company's stock after selling 132,490 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in NetEase were worth $25,494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTES. Massachusetts Financial Services Co. MA increased its position in shares of NetEase by 6.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,692,705 shares of the technology company's stock worth $161,789,000 after purchasing an additional 103,102 shares during the last quarter. Point72 Hong Kong Ltd lifted 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 worth $115,969,000 after acquiring an additional 632,896 shares during the last quarter. Capital International Investors lifted its holdings in shares of NetEase by 1.1% in the 1st quarter. Capital International Investors now owns 1,052,966 shares of the technology company's stock worth $108,950,000 after acquiring an additional 11,729 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in shares of NetEase during the 1st quarter worth approximately $103,658,000. Finally, Lazard Asset Management LLC increased its holdings in 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 purchasing an additional 704,753 shares during the last quarter. Institutional investors and hedge funds own 11.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NTES shares. Bank of America decreased their price target on NetEase from $142.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, August 23rd. Jefferies Financial Group decreased their target price on NetEase from $126.00 to $103.00 and set a "buy" rating on the stock in a research note on Thursday, August 22nd. StockNews.com downgraded NetEase from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 20th. Finally, Barclays reduced their price target on shares of NetEase from $104.00 to $82.00 and set an "equal weight" rating on the stock in a research report on Monday, August 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, NetEase has an average rating of "Moderate Buy" and a consensus target price of $112.67.

NetEase Stock Down 0.2 %

NetEase stock traded down $0.18 during trading on Wednesday, reaching $80.00. The stock had a trading volume of 1,009,977 shares, compared to its average volume of 1,731,043. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $118.89. The stock has a market cap of $51.37 billion, a PE ratio of 13.05, a P/E/G ratio of 1.75 and a beta of 0.57. The business has a 50 day moving average price of $83.65 and a 200 day moving average price of $89.70.

NetEase (NASDAQ:NTES - Get Free Report) last issued its earnings results on Thursday, August 22nd. The technology company reported $12.05 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $10.43. The firm had revenue of $25.49 billion during the quarter, compared to the consensus estimate of $26.01 billion. NetEase had a net margin of 26.98% and a return on equity of 22.30%. The company's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 earnings per share. On average, equities analysts predict that NetEase, Inc. will post 6.02 EPS for the current fiscal year.

NetEase Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 2.18%. The ex-dividend date was Friday, September 6th. NetEase's payout ratio is 28.22%.

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.