Trade Report: Today, KBC Group NV invests in NetEase Inc. (NTES) Shares

Today, KBC Group NV invests in NetEase Inc. (NTES) Shares

KBC Group NV boosted its position in NetEase Inc. (NASDAQ:NTES) by 149.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,501 shares of the company’s stock after buying an additional 32,039 shares during the period. KBC Group NV’s holdings in NetEase were worth $12,882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TB Alternative Assets Ltd. purchased a new position in NetEase during the second quarter worth $5,314,000. Handelsbanken Fonder AB increased its position 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 period. NN Investment Partners Holdings N.V. increased its position 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 period. Creative Planning increased its position 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 period. Finally, Svenska Handelsbanken AB publ increased its position 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 period. Hedge funds and other institutional investors own 59.64% of the company’s stock.

NetEase Inc. (NASDAQ:NTES) traded down 1.94% during trading on Friday, hitting $227.09. The stock had a trading volume of 1,161,223 shares. The firm has a 50 day moving average of $0.00 and a 200-day moving average of $0.00. NetEase Inc. has a 12 month low of $129.60 and a 12 month high of $272.58.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 25th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Tuesday, November 22nd. NetEase’s dividend payout ratio (DPR) is presently 29.97%.

A number of analysts have recently commented on the company. CICC Research raised NetEase to a “buy” rating and set a $345.00 price target on the stock 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 on the stock in a research report on Tuesday, November 1st. Jefferies Group reissued a “hold” rating and issued a $245.00 price target on shares of NetEase in a research report on Thursday, November 10th. Finally, Morgan Stanley boosted their price target on NetEase from $195.00 to $233.00 and gave the stock an “overweight” rating in a research report on Thursday, November 10th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $247.53.

About NetEase

Related posts

Leave a Comment