8,728 Shares in NetEase, Inc. $NTES Bought by Maridea Wealth Management LLC

Key Points

• Maridea Wealth Management LLC has acquired a new position in NetEase, Inc. by purchasing 8,728 shares valued at approximately $1,175,000 during the second quarter.
• NetEase recently announced a quarterly dividend of $0.675, representing an annualized dividend of $2.70 and a dividend yield of 1.8%.
• Currently, NetEase has an average analyst consensus rating of "Moderate Buy" with a target price of $132.00, reflecting varied perceptions about its value in the market.

Maridea Wealth Management LLC acquired a new position in NetEase, Inc. (NASDAQ:NTES - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,728 shares of the technology company's stock, valued at approximately $1,175,000.

A number of other institutional investors have also added to or reduced their stakes in NTES. Kayne Anderson Rudnick Investment Management LLC bought a new position in NetEase in the first quarter valued at $26,000. Mather Group LLC. grew its stake in shares of NetEase by 1,415.0% in the first quarter. Mather Group LLC. now owns 303 shares of the technology company's stock worth $31,000 after purchasing an additional 283 shares during the last quarter. Reyes Financial Architecture Inc. boosted its position in NetEase by 1,189.5% during the 2nd quarter. Reyes Financial Architecture Inc. now owns 245 shares of the technology company's stock valued at $33,000 after acquiring an additional 226 shares in the last quarter. UMB Bank n.a. bought a new stake in NetEase during the 2nd quarter valued at approximately $39,000. Finally, Pinnacle Bancorp Inc. boosted its position in NetEase by 758.5% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 455 shares of the technology company's stock valued at $61,000 after acquiring an additional 402 shares in the last quarter. Institutional investors own 11.07% of the company's stock.

NetEase Trading Down 1.8%

Shares of NTES opened at $150.14 on Thursday. The firm has a market cap of $95.13 billion, a PE ratio of 20.32, a P/E/G ratio of 2.04 and a beta of 0.67. The firm has a fifty day simple moving average of $137.86 and a two-hundred day simple moving average of $122.50. NetEase, Inc. has a 1-year low of $75.88 and a 1-year high of $159.55.

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Thursday, August 28th were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, August 28th. NetEase's dividend payout ratio is 30.72%.

Analyst Upgrades and Downgrades

NTES has been the topic of a number of analyst reports. The Goldman Sachs Group set a $161.00 price target on NetEase and gave the stock a "buy" rating in a research report on Monday, September 15th. Wall Street Zen cut NetEase from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 20th. Arete raised NetEase from a "sell" rating to a "buy" rating and set a $150.00 price objective on the stock in a research report on Wednesday, September 3rd. Barclays set a $120.00 price objective on NetEase and gave the company an "equal weight" rating in a research report on Monday, August 18th. Finally, Zacks Research cut NetEase from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus 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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