Greenwoods Asset Management Hong Kong Ltd. Has $469.15 Million Stock Position in NetEase, Inc. $NTES

Greenwoods Asset Management Hong Kong Ltd. lowered its position in shares of NetEase, Inc. (NASDAQ:NTES) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,486,000 shares of the technology company’s stock after selling 89,098 shares during the period. NetEase accounts for approximately 16.3% of Greenwoods Asset Management Hong Kong Ltd.’s investment portfolio, making the stock its 2nd biggest holding. Greenwoods Asset Management Hong Kong Ltd. owned approximately 0.55% of NetEase worth $469,146,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NTES. NewSquare Capital LLC increased its position in NetEase by 137.2% during the 2nd quarter. NewSquare Capital LLC now owns 185 shares of the technology company’s stock worth $25,000 after buying an additional 107 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of NetEase during the 1st quarter worth $26,000. Private Trust Co. NA increased its position in shares of NetEase by 266.0% in the second quarter. Private Trust Co. NA now owns 194 shares of the technology company’s stock worth $26,000 after purchasing an additional 141 shares during the period. USA Financial Formulas acquired a new position in NetEase in the second quarter valued at about $30,000. Finally, Reyes Financial Architecture Inc. grew its stake in NetEase by 1,189.5% during the second quarter. Reyes Financial Architecture Inc. now owns 245 shares of the technology company’s stock worth $33,000 after buying an additional 226 shares in the last quarter. 11.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NTES has been the subject of several analyst reports. Arete upgraded shares of NetEase from a “sell” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Wednesday, September 3rd. Zacks Research downgraded shares of NetEase from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Arete Research raised NetEase to a “strong-buy” rating in a report on Wednesday, September 3rd. The Goldman Sachs Group set a $161.00 price target on NetEase and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Barclays set a $120.00 price objective on NetEase and gave the company an “equal weight” rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $142.30.

NetEase Stock Up 1.5%

Shares of NTES stock opened at $142.34 on Wednesday. NetEase, Inc. has a twelve month low of $75.88 and a twelve month high of $159.55. The stock’s fifty day simple moving average is $147.18 and its 200 day simple moving average is $134.11. The firm has a market capitalization of $90.19 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.91 and a beta of 0.65.

NetEase Dividend Announcement

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 1.9%. NetEase’s dividend payout ratio (DPR) is currently 30.72%.

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.