Deutsche Bank AG Sells 412,490 Shares of NetEase, Inc. (NASDAQ:NTES)

Deutsche Bank AG reduced its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 91.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,034 shares of the technology company’s stock after selling 412,490 shares during the quarter. Deutsche Bank AG’s holdings in NetEase were worth $3,304,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NTES. Invesco Ltd. grew its position in shares of NetEase by 88.0% during the 4th quarter. Invesco Ltd. now owns 2,365,464 shares of the technology company’s stock worth $211,023,000 after buying an additional 1,107,363 shares during the period. Capital World Investors grew its position in shares of NetEase by 40.6% during the 4th quarter. Capital World Investors now owns 3,725,046 shares of the technology company’s stock worth $332,311,000 after buying an additional 1,074,818 shares during the period. FIL Ltd grew its position in shares of NetEase by 160.2% during the 4th quarter. FIL Ltd now owns 1,668,359 shares of the technology company’s stock worth $148,834,000 after buying an additional 1,027,102 shares during the period. Mawer Investment Management Ltd. acquired a new position in shares of NetEase during the 4th quarter worth about $62,593,000. Finally, Davis Selected Advisers acquired a new position in shares of NetEase during the 4th quarter worth about $53,287,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on NetEase in a research note on Monday, May 12th. They set a “buy” rating and a $130.00 target price for the company. Barclays lifted their price target on shares of NetEase from $104.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, May 16th. Benchmark lifted their price target on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Morgan Stanley lifted their price target on shares of NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NetEase from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.38.

NetEase Stock Up 1.6%

NASDAQ NTES opened at $120.99 on Wednesday. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $123.56. The company has a market capitalization of $76.66 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66. The firm’s 50 day moving average is $103.29 and its 200-day moving average is $97.77.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. As a group, sell-side analysts expect that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.435 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.44%. NetEase’s dividend payout ratio (DPR) is presently 38.85%.

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.