Aaron Wealth Advisors LLC Acquires New Stake in NetEase, Inc. $NTES

Key Points

• Aaron Wealth Advisors LLC invested $245,000 in NetEase, Inc. by acquiring 1,820 shares during the second quarter, indicating growing investor confidence in the technology company's potential.
• NetEase recently announced a quarterly dividend of $0.675 per share, translating to a 1.8% dividend yield and a payout ratio of 30.72%.
• Analyst ratings for NetEase show a mix, with one analyst rating it a strong buy, seven giving it a buy rating, and three maintaining a hold, highlighting a generally favorable outlook.

Aaron Wealth Advisors LLC bought a new position in NetEase, Inc. (NASDAQ:NTES - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,820 shares of the technology company's stock, valued at approximately $245,000.

Several other large investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in NetEase by 7,698.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,817,021 shares of the technology company's stock worth $289,928,000 after purchasing an additional 2,780,897 shares during the period. Dodge & Cox boosted its stake in NetEase by 5.8% in the 1st quarter. Dodge & Cox now owns 2,803,664 shares of the technology company's stock worth $288,553,000 after purchasing an additional 153,788 shares during the period. Hhlr Advisors LTD. boosted its stake in NetEase by 3.1% in the 1st quarter. Hhlr Advisors LTD. now owns 2,668,697 shares of the technology company's stock worth $274,662,000 after purchasing an additional 79,754 shares during the period. Wellington Management Group LLP boosted its stake in NetEase by 111.7% in the 1st quarter. Wellington Management Group LLP now owns 1,988,541 shares of the technology company's stock worth $204,661,000 after purchasing an additional 1,049,023 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in NetEase by 54.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,977,835 shares of the technology company's stock worth $203,560,000 after purchasing an additional 697,192 shares during the period. Institutional investors own 11.07% of the company's stock.

NetEase Stock Performance

Shares of NASDAQ NTES traded up $1.14 during mid-day trading on Tuesday, hitting $153.49. 92,653 shares of the stock traded hands, compared to its average volume of 1,162,185. The stock has a fifty day moving average price of $137.11 and a 200-day moving average price of $122.09. NetEase, Inc. has a 52 week low of $75.88 and a 52 week high of $159.55. The company has a market cap of $97.25 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.03 and a beta of 0.67.

NetEase Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on NTES shares. Zacks Research downgraded NetEase from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. The Goldman Sachs Group set a $161.00 price target on NetEase and gave the company 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 report on Saturday. JPMorgan Chase & Co. cut NetEase from an "overweight" rating to a "neutral" rating and raised their price objective for the company from $135.00 to $140.00 in a report on Monday, July 28th. Finally, Barclays set a $120.00 price objective on NetEase and gave the company an "equal weight" rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $132.00.

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.