NetEase, Inc. $NTES Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in NetEase, Inc. (NASDAQ:NTES) by 48.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,666 shares of the technology company’s stock after acquiring an additional 2,499 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in NetEase were worth $1,033,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of NetEase by 20.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,685 shares of the technology company’s stock worth $894,000 after acquiring an additional 1,495 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of NetEase in the 1st quarter worth approximately $398,000. Concurrent Investment Advisors LLC grew its holdings in shares of NetEase by 5.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,569 shares of the technology company’s stock worth $264,000 after acquiring an additional 132 shares during the period. GAMMA Investing LLC grew its holdings in shares of NetEase by 10,192.0% in the 1st quarter. GAMMA Investing LLC now owns 2,573 shares of the technology company’s stock worth $265,000 after acquiring an additional 2,548 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of NetEase in the 1st quarter worth approximately $2,554,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

Analysts Set New Price Targets

NTES has been the topic of a number of research reports. Arete upgraded NetEase from a “sell” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Wednesday, September 3rd. Barclays set a $120.00 target price on NetEase and gave the company an “equal weight” rating in a report on Monday, August 18th. The Goldman Sachs Group set a $161.00 target price on NetEase and gave the company a “buy” rating in a report on Monday, September 15th. Arete Research upgraded NetEase to a “strong-buy” rating in a report on Wednesday, September 3rd. Finally, Wall Street Zen upgraded NetEase from a “buy” rating to a “strong-buy” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $142.30.

NetEase Stock Down 0.3%

Shares of NetEase stock opened at $148.21 on Monday. The firm has a market cap of $93.90 billion, a PE ratio of 20.06, a P/E/G ratio of 1.96 and a beta of 0.67. NetEase, Inc. has a fifty-two week low of $75.88 and a fifty-two week high of $159.55. The business’s fifty day moving average is $143.62 and its two-hundred day moving average is $128.46.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Thursday, August 28th were given a dividend of $0.675 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.70 annualized dividend and a yield of 1.8%. NetEase’s dividend payout ratio is 30.72%.

About NetEase

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.