Trading Report: Today, Aperio Group LLC invests in NetEase Inc. (NTES) Shares

Today, Aperio Group LLC invests in NetEase Inc. (NTES) Shares

Aperio Group LLC raised its position in NetEase Inc. (NASDAQ:NTES) by 0.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 32,368 shares of the company’s stock after buying an additional 149 shares during the period. Aperio Group LLC’s holdings in NetEase were worth $7,794,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. TB Alternative Assets Ltd. bought a new stake in NetEase during the second quarter worth approximately $5,314,000. Handelsbanken Fonder AB raised its stake in NetEase by 46.2% in the second quarter. Handelsbanken Fonder AB now owns 530,619 shares of the company’s stock worth $102,526,000 after buying an additional 167,600 shares during the last quarter. NN Investment Partners Holdings N.V. raised its stake in NetEase by 551.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 18,074 shares of the company’s stock worth $3,492,000 after buying an additional 15,300 shares during the last quarter. Creative Planning raised its stake in NetEase by 35.7% in the second quarter. Creative Planning now owns 7,986 shares of the company’s stock worth $1,543,000 after buying an additional 2,100 shares during the last quarter. Finally, Svenska Handelsbanken AB publ raised its stake in NetEase by 21.0% in the second quarter. Svenska Handelsbanken AB publ now owns 7,500 shares of the company’s stock worth $1,449,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 59.64% of the company’s stock.

Shares of NetEase Inc. (NASDAQ:NTES) remained flat at $231.58 on Thursday. The stock had a trading volume of 875,430 shares. NetEase Inc. has a 1-year low of $129.60 and a 1-year high of $272.58. The company’s 50-day moving average is $250.13 and its 200-day moving average is $210.42.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 25th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, November 22nd. NetEase’s dividend payout ratio (DPR) is 29.97%.

NTES has been the subject of a number of analyst reports. CICC Research raised NetEase to a “buy” rating and set a $345.00 price target for the company in a research report on Wednesday, October 12th. T.H. Capital reissued a “buy” rating and issued a $297.00 price target (up from $227.00) on shares of NetEase in a research report on Thursday, October 13th. Vetr raised NetEase from a “buy” rating to a “strong-buy” rating and set a $294.91 price target for the company in a research report on Tuesday, November 1st. raised NetEase from an “underperform” rating to an “outperform” rating and set a $272.00 target price for the company in a research report on Monday, October 3rd. Finally, Credit Suisse Group AG assumed coverage on NetEase in a research report on Friday, August 19th. They set a “neutral” rating and a $230.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. NetEase currently has a consensus rating of “Buy” and a consensus target price of $247.53.

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