NetEase Inc (NTES) Holdings Reduced by TD Asset Management Inc.

TD Asset Management Inc. lowered its position in NetEase Inc (NASDAQ:NTES) by 19.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,764 shares of the technology company’s stock after selling 4,388 shares during the period. TD Asset Management Inc.’s holdings in NetEase were worth $4,950,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of NetEase by 20.1% in the 2nd quarter. Renaissance Technologies LLC now owns 2,726,000 shares of the technology company’s stock worth $819,517,000 after acquiring an additional 456,300 shares in the last quarter. Orbis Allan Gray Ltd raised its position in shares of NetEase by 17.9% in the 2nd quarter. Orbis Allan Gray Ltd now owns 2,459,381 shares of the technology company’s stock worth $739,364,000 after acquiring an additional 372,510 shares in the last quarter. Comgest Global Investors S.A.S. raised its position in shares of NetEase by 2.6% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 2,265,783 shares of the technology company’s stock worth $597,737,000 after acquiring an additional 58,279 shares in the last quarter. FMR LLC raised its position in shares of NetEase by 63.3% in the 2nd quarter. FMR LLC now owns 2,170,611 shares of the technology company’s stock worth $652,551,000 after acquiring an additional 841,692 shares in the last quarter. Finally, Boston Partners raised its position in shares of NetEase by 10.0% in the 3rd quarter. Boston Partners now owns 1,331,472 shares of the technology company’s stock worth $351,256,000 after acquiring an additional 121,265 shares in the last quarter. 50.54% of the stock is owned by hedge funds and other institutional investors.

Shares of NetEase Inc (NASDAQ:NTES) opened at $318.28 on Thursday. NetEase Inc has a 52 week low of $211.11 and a 52 week high of $375.10. The company has a market capitalization of $42,006.80, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.78 and a beta of 0.93.

NetEase announced that its Board of Directors has approved a stock repurchase plan on Wednesday, November 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.717 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.87 annualized dividend and a yield of 0.90%. NetEase’s dividend payout ratio is 25.09%.

Several brokerages have recently issued reports on NTES. ValuEngine lowered NetEase from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub raised NetEase from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Vetr lowered NetEase from a “buy” rating to a “hold” rating and set a $359.78 target price for the company. in a research report on Monday, November 27th. CLSA lowered NetEase from an “outperform” rating to an “underperform” rating in a research report on Thursday, August 10th. Finally, Barclays increased their target price on NetEase from $260.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 21st. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $326.95.

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About NetEase

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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