Todd Asset Management LLC Has $32.85 Million Stake in NetEase, Inc. (NASDAQ:NTES)

Todd Asset Management LLC decreased its position in shares of NetEase, Inc. (NASDAQ:NTES) by 0.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 319,138 shares of the technology company’s stock after selling 516 shares during the period. Todd Asset Management LLC owned about 0.05% of NetEase worth $32,846,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Mather Group LLC. increased its holdings in shares of NetEase by 1,415.0% during the first quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock worth $31,000 after buying an additional 283 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of NetEase in the first quarter valued at approximately $65,000. Farther Finance Advisors LLC increased its holdings in shares of NetEase by 191.7% in the first quarter. Farther Finance Advisors LLC now owns 986 shares of the technology company’s stock valued at $105,000 after purchasing an additional 648 shares in the last quarter. Allianz SE acquired a new stake in shares of NetEase in the first quarter valued at approximately $110,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in shares of NetEase in the first quarter valued at approximately $144,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on NTES shares. Barclays raised their price target on shares of NetEase from $104.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of NetEase in a report on Monday, May 12th. They issued a “buy” rating and a $130.00 price target for the company. Wall Street Zen raised shares of NetEase from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. lowered shares of NetEase from an “overweight” rating to a “neutral” rating and raised their price target for the company from $135.00 to $140.00 in a report on Monday, July 28th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NetEase presently has a consensus rating of “Moderate Buy” and an average target price of $120.00.

NetEase Stock Performance

Shares of NTES stock opened at $128.62 on Monday. The firm’s 50 day moving average price is $131.58 and its two-hundred day moving average price is $114.07. The stock has a market cap of $81.49 billion, a PE ratio of 18.51, a PEG ratio of 4.46 and a beta of 0.67. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $141.45.

NetEase Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 30th. NetEase’s dividend payout ratio (DPR) is currently 38.71%.

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.