Arkadios Wealth Advisors Acquires New Position in NetEase, Inc. (NASDAQ:NTES)

Key Points

• Arkadios Wealth Advisors has acquired a new position in NetEase, Inc. (NASDAQ:NTES), purchasing 3,188 shares valued at approximately $328,000 in the first quarter.
• Analysts have set a consensus rating of "Moderate Buy" for NetEase, with an average target price of $120.00, following various recent adjustments to price targets by firms like JPMorgan and Barclays.
• NetEase announced a quarterly dividend of $0.675 per share, resulting in an annualized yield of 2.1% and a dividend payout ratio of 38.71%.

Arkadios Wealth Advisors bought a new position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 3,188 shares of the technology company's stock, valued at approximately $328,000.

A number of other institutional investors have also modified their holdings of the company. Mather Group LLC. raised its position in NetEase by 1,415.0% in the first quarter. Mather Group LLC. now owns 303 shares of the technology company's stock valued at $31,000 after purchasing an additional 283 shares during the period. TD Private Client Wealth LLC acquired a new stake in shares of NetEase in the first quarter valued at about $65,000. Farther Finance Advisors LLC grew its stake in shares of NetEase by 191.7% in the first quarter. Farther Finance Advisors LLC now owns 986 shares of the technology company's stock valued at $105,000 after buying an additional 648 shares in the last quarter. Toronto Dominion Bank purchased a new stake in shares of NetEase during the 4th quarter valued at about $145,000. Finally, Bear Mountain Capital Inc. acquired a new position in NetEase during the 1st quarter worth approximately $194,000. Hedge funds and other institutional investors own 11.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NTES shares. JPMorgan Chase & Co. lowered shares of NetEase from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $135.00 to $140.00 in a research note on Monday, July 28th. Barclays lifted their price target on shares of NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Friday, May 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of NetEase in a research report on Monday, May 12th. They issued a "buy" rating and a $130.00 price objective for the company. Finally, Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $120.00.

NetEase Price Performance

NASDAQ:NTES traded up $0.34 during mid-day trading on Wednesday, reaching $131.63. The stock had a trading volume of 717,924 shares, compared to its average volume of 647,741. The company has a market capitalization of $83.40 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 4.56 and a beta of 0.67. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $141.45. The stock's 50 day simple moving average is $131.15 and its two-hundred day simple moving average is $113.34.

NetEase Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.675 per share. The ex-dividend date was Friday, May 30th. This represents a $2.70 annualized dividend and a yield of 2.1%. NetEase's dividend payout ratio (DPR) is 38.71%.

About NetEase

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.