Deutsche Bank AG Decreases Stake in NetEase, Inc. $NTES

Deutsche Bank AG lessened its stake in NetEase, Inc. (NASDAQ:NTES) by 12.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 32,486 shares of the technology company’s stock after selling 4,548 shares during the quarter. Deutsche Bank AG’s holdings in NetEase were worth $3,343,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in NetEase by 1.1% during the fourth quarter. Brighton Jones LLC now owns 10,297 shares of the technology company’s stock worth $919,000 after purchasing an additional 117 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of NetEase by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 107,306 shares of the technology company’s stock valued at $9,573,000 after purchasing an additional 2,873 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of NetEase by 5.8% in the fourth quarter. Cerity Partners LLC now owns 5,837 shares of the technology company’s stock valued at $529,000 after buying an additional 318 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of NetEase in the fourth quarter valued at approximately $2,192,000. Finally, Mariner LLC boosted its stake in shares of NetEase by 13.2% in the fourth quarter. Mariner LLC now owns 8,569 shares of the technology company’s stock valued at $764,000 after buying an additional 998 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

NTES stock opened at $130.30 on Tuesday. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $141.45. The firm has a market cap of $82.56 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 4.48 and a beta of 0.67. The stock has a 50-day simple moving average of $132.01 and a 200-day simple moving average of $115.24.

NetEase Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, August 28th. NetEase’s dividend payout ratio (DPR) is 36.40%.

Wall Street Analyst Weigh In

NTES has been the topic of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on NetEase in a report on Monday, May 12th. They issued a “buy” rating and a $130.00 target price on the stock. Barclays set a $120.00 price objective on NetEase and gave the company an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. downgraded NetEase from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $135.00 to $140.00 in a research report on Monday, July 28th. Finally, Wall Street Zen downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $120.25.

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.