Flossbach Von Storch SE Has $1.78 Million Position in NetEase, Inc. (NASDAQ:NTES)

Flossbach Von Storch SE cut its position in shares of NetEase, Inc. (NASDAQ:NTES) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the technology company’s stock after selling 2,500 shares during the period. Flossbach Von Storch SE’s holdings in NetEase were worth $1,784,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of NetEase during the 4th quarter worth about $34,000. UMB Bank n.a. increased its position in NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock worth $40,000 after buying an additional 111 shares during the period. Highline Wealth Partners LLC acquired a new stake in shares of NetEase during the third quarter worth $45,000. RPg Family Wealth Advisory LLC bought a new stake in shares of NetEase in the third quarter valued at about $70,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of NetEase in the third quarter valued at about $76,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.

NetEase Stock Down 0.4 %

Shares of NetEase stock opened at $104.17 on Thursday. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $114.50. The company’s fifty day moving average is $97.51 and its 200 day moving average is $89.56. The stock has a market cap of $66.89 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 3.48 and a beta of 0.58.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NTES shares. Bank of America increased their target price on shares of NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Benchmark decreased their price target on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Citigroup raised their price target on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Morgan Stanley increased their price objective 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

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.