Banco Bilbao Vizcaya Argentaria S.A. Sells 3,552 Shares of NetEase, Inc. $NTES

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has reduced its stake in NetEase, Inc. by 43.0%, now holding 4,706 shares valued at $476,000 after selling 3,552 shares.
• NetEase has announced a quarterly dividend of $0.675, with an annualized yield of 2.0%, to be paid on September 11th.
• Wall Street analysts have varied opinions on NetEase, with ratings ranging from "strong-buy" to "hold," and an average price target set at $122.71.

Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 43.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,706 shares of the technology company's stock after selling 3,552 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in NetEase were worth $476,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NTES. Brighton Jones LLC lifted its position in NetEase by 1.1% in the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock valued at $919,000 after acquiring an additional 117 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of NetEase in the 4th quarter valued at about $2,192,000. Mariner LLC lifted its holdings in shares of NetEase by 13.2% in the fourth quarter. Mariner LLC now owns 8,569 shares of the technology company's stock valued at $764,000 after purchasing an additional 998 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of NetEase by 14.3% during the fourth quarter. NewEdge Advisors LLC now owns 3,850 shares of the technology company's stock worth $343,000 after buying an additional 481 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of NetEase by 38.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 36,366 shares of the technology company's stock worth $3,241,000 after buying an additional 10,137 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company's stock.

NetEase Trading Up 0.0%

NASDAQ:NTES opened at $131.89 on Friday. The stock has a market capitalization of $83.56 billion, a PE ratio of 17.85, a P/E/G ratio of 1.74 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 firm has a fifty day simple moving average of $131.93 and a 200 day simple moving average of $115.94.

NetEase Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 28th will be given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, August 28th. NetEase's dividend payout ratio (DPR) is 30.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wall Street Zen cut NetEase from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of NetEase in a report on Monday, May 12th. They issued a "buy" rating and a $130.00 price objective on the stock. Zacks Research cut shares of NetEase from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Barclays set a $120.00 target price on shares of NetEase and gave the company an "equal weight" rating in a research report on Monday, August 18th. Finally, JPMorgan Chase & Co. cut shares of NetEase from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $135.00 to $140.00 in a research report on Monday, July 28th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $122.71.

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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