2,818 Shares in NetEase, Inc. $NTES Acquired by One Wealth Advisors LLC

Key Points

• One Wealth Advisors LLC acquired 2,818 shares of NetEase, Inc., valued at approximately $379,000, highlighting increased institutional interest in the technology company.
• NetEase recently declared a quarterly dividend of $0.675 per share, representing a 1.8% yield and a payout ratio of 30.72%.
• Analysts have mixed sentiments on NetEase, with ratings ranging from "strong buy" to "hold," and an average target price of $132.00 for the stock.

One Wealth Advisors LLC bought a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,818 shares of the technology company's stock, valued at approximately $379,000.

Other hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of NetEase by 20.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,685 shares of the technology company's stock valued at $894,000 after acquiring an additional 1,495 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of NetEase during the 1st quarter worth about $398,000. Concurrent Investment Advisors LLC grew its holdings in shares of NetEase by 5.4% during the first quarter. Concurrent Investment Advisors LLC now owns 2,569 shares of the technology company's stock worth $264,000 after buying an additional 132 shares in the last quarter. GAMMA Investing LLC raised its position in shares of NetEase by 10,192.0% in the first quarter. GAMMA Investing LLC now owns 2,573 shares of the technology company's stock valued at $265,000 after buying an additional 2,548 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of NetEase during the first quarter valued at approximately $2,554,000. Hedge funds and other institutional investors own 11.07% of the company's stock.

NetEase Trading Up 0.4%

Shares of NASDAQ NTES opened at $151.99 on Wednesday. The stock has a fifty day moving average price of $138.97 and a 200 day moving average price of $123.93. NetEase, Inc. has a 12-month low of $75.88 and a 12-month high of $159.55. The company has a market cap of $96.30 billion, a P/E ratio of 20.57, a P/E/G ratio of 2.02 and a beta of 0.67.

NetEase Announces Dividend

The business also recently declared 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 of this dividend was Thursday, August 28th. This represents a $2.70 annualized dividend and a yield of 1.8%. NetEase's payout ratio is 30.72%.

Wall Street Analysts Forecast Growth

Several research firms have commented on NTES. Zacks Research cut shares of NetEase from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Barclays set a $120.00 price objective on NetEase and gave the stock an "equal weight" rating in a report on Monday, August 18th. Arete upgraded NetEase from a "sell" rating to a "buy" rating and set a $150.00 target price for the company in a research note 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 research note on Monday, September 15th. Finally, JPMorgan Chase & Co. cut NetEase from an "overweight" rating to a "neutral" rating and lifted their price target for the company from $135.00 to $140.00 in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, NetEase currently has an average rating of "Moderate Buy" and an average target price of $132.00.

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.

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