NetEase, Inc. (NASDAQ:NTES) Holdings Increased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise grew its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 281.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,093 shares of the technology company’s stock after buying an additional 11,875 shares during the quarter. Banque Cantonale Vaudoise’s holdings in NetEase were worth $1,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTES. Wellington Management Group LLP lifted its stake in NetEase by 226.4% during the fourth quarter. Wellington Management Group LLP now owns 1,896,495 shares of the technology company’s stock valued at $176,677,000 after purchasing an additional 1,315,410 shares during the last quarter. Tairen Capital Ltd bought a new position in shares of NetEase in the fourth quarter valued at $164,307,000. Capital International Investors lifted its position in shares of NetEase by 1.1% during the 1st quarter. Capital International Investors now owns 1,052,966 shares of the technology company’s stock valued at $108,950,000 after acquiring an additional 11,729 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of NetEase during the 1st quarter worth $103,658,000. Finally, Lazard Asset Management LLC grew its holdings in shares of NetEase by 804.5% in the 1st quarter. Lazard Asset Management LLC now owns 792,357 shares of the technology company’s stock worth $81,983,000 after acquiring an additional 704,753 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NTES has been the subject of several analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $100.00 target price on shares of NetEase in a report on Friday, July 5th. Benchmark upped their price objective on shares of NetEase from $144.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Jefferies Financial Group dropped their target price on shares of NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Finally, Barclays lowered their price objective 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.67.

NetEase Stock Performance

Shares of NASDAQ NTES traded down $0.09 during mid-day trading on Friday, reaching $80.44. The company had a trading volume of 1,863,245 shares, compared to its average volume of 1,967,220. The company has a market capitalization of $51.66 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.61 and a beta of 0.53. The stock has a fifty day moving average of $90.64 and a two-hundred day moving average of $96.29. NetEase, Inc. has a 12-month low of $80.18 and a 12-month high of $118.89.

NetEase (NASDAQ:NTES) last released its earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $10.43. NetEase had a net margin of 26.98% and a return on equity of 22.30%. The company had revenue of $25.49 billion during the quarter, compared to the consensus estimate of $26.01 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts forecast that NetEase, Inc. will post 6.67 earnings per share for the current fiscal year.

NetEase Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, September 6th. NetEase’s payout ratio is currently 32.40%.

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.