Alps Advisors Inc. Has $628,000 Stock Holdings in NetEase, Inc. (NASDAQ:NTES)

Alps Advisors Inc. lessened its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 24.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 6,100 shares of the technology company's stock after selling 2,016 shares during the period. Alps Advisors Inc.'s holdings in NetEase were worth $628,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. grew its holdings in shares of NetEase by 1,415.0% in the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company's stock valued at $31,000 after buying an additional 283 shares during the period. Farther Finance Advisors LLC lifted its holdings in NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after acquiring an additional 152 shares in the last quarter. TD Private Client Wealth LLC bought a new position in NetEase during the first quarter worth about $65,000. Toronto Dominion Bank bought a new position in NetEase during the fourth quarter worth about $145,000. Finally, Pine Haven Investment Counsel Inc bought a new position in NetEase during the first quarter worth about $206,000. Institutional investors and hedge funds own 11.07% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on NTES. JPMorgan Chase & Co. lifted their target price on NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Wall Street Zen upgraded NetEase from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft began coverage on NetEase in a report on Monday, May 12th. They set a "buy" rating and a $130.00 target price on the stock. Finally, Barclays lifted their target price on NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $119.38.

NetEase Price Performance

NTES stock opened at $129.90 on Tuesday. The stock has a market capitalization of $82.30 billion, a P/E ratio of 18.69, a P/E/G ratio of 4.47 and a beta of 0.69. The business has a 50-day moving average of $125.03 and a 200-day moving average of $108.91. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $135.32.

NetEase Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.70 annualized dividend and a dividend yield of 2.08%. NetEase's dividend payout ratio is currently 38.71%.

NetEase 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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