Generali Investments CEE investicni spolecnost a.s. Sells 4,900 Shares of NetEase, Inc. $NTES

Generali Investments CEE investicni spolecnost a.s. lessened its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 29.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,525 shares of the technology company’s stock after selling 4,900 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in NetEase were worth $1,586,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NTES. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in NetEase by 68,860.6% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,551,117 shares of the technology company’s stock worth $1,299,684,000 after buying an additional 8,538,717 shares during the period. Bank of Montreal Can boosted its position in shares of NetEase by 1,636.4% in the third quarter. Bank of Montreal Can now owns 662,557 shares of the technology company’s stock valued at $100,702,000 after acquiring an additional 624,399 shares during the period. Man Group plc boosted its position in shares of NetEase by 33.3% in the second quarter. Man Group plc now owns 983,156 shares of the technology company’s stock valued at $132,313,000 after acquiring an additional 245,872 shares during the period. Causeway Capital Management LLC grew its stake in shares of NetEase by 44.6% in the third quarter. Causeway Capital Management LLC now owns 638,315 shares of the technology company’s stock worth $97,017,000 after acquiring an additional 196,821 shares during the last quarter. Finally, Tiger Pacific Capital LP acquired a new stake in shares of NetEase in the third quarter worth $28,993,000. Institutional investors own 11.07% of the company’s stock.

NetEase Trading Down 0.6%

NASDAQ NTES opened at $109.26 on Friday. NetEase, Inc. has a 1-year low of $88.54 and a 1-year high of $159.55. The company has a 50 day moving average of $120.84 and a 200-day moving average of $135.61. The firm has a market cap of $69.23 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 1.40 and a beta of 0.74.

NetEase Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 16th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, March 16th. This is a positive change from NetEase’s previous quarterly dividend of $0.57. NetEase’s dividend payout ratio is presently 63.08%.

Analysts Set New Price Targets

NTES has been the subject of several research analyst reports. Barclays cut their target price on shares of NetEase from $135.00 to $132.00 and set an “equal weight” rating for the company in a research note on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of NetEase in a report on Monday, December 22nd. Benchmark reaffirmed a “buy” rating on shares of NetEase in a research report on Thursday, February 12th. Nomura decreased their target price on NetEase from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Finally, Morgan Stanley restated an “overweight” rating and set a $154.00 price target on shares of NetEase in a research note on Monday, March 2nd. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $153.89.

About NetEase

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.