Marshall Financial Group LLC Makes New Investment in NetEase, Inc. $NTES

Key Points

• Marshall Financial Group LLC has acquired a new position in NetEase, Inc., purchasing 8,759 shares valued at approximately $1,165,000 during the 2nd quarter.
• NetEase announced a quarterly dividend of $0.675 per share, which translates to an annualized dividend of $2.70 and a yield of 1.7%.
• Analysts have set varying price targets for NetEase, with a consensus target of $132.00 and ratings ranging from "Strong Buy" to "Hold."

Marshall Financial Group LLC acquired a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,759 shares of the technology company's stock, valued at approximately $1,165,000.

Other hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of NetEase by 20.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,685 shares of the technology company's stock valued at $894,000 after acquiring an additional 1,495 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of NetEase during the 1st quarter valued at about $398,000. Concurrent Investment Advisors LLC increased its holdings in shares of NetEase by 5.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,569 shares of the technology company's stock valued at $264,000 after acquiring an additional 132 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of NetEase by 10,192.0% during the 1st quarter. GAMMA Investing LLC now owns 2,573 shares of the technology company's stock valued at $265,000 after acquiring an additional 2,548 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of NetEase during the 1st quarter valued at about $2,554,000. Institutional investors and hedge funds own 11.07% of the company's stock.

NetEase Trading Down 0.6%

NTES traded down $0.85 during midday trading on Friday, reaching $152.05. The company's stock had a trading volume of 739,772 shares, compared to its average volume of 695,921. The stock has a market cap of $96.34 billion, a P/E ratio of 20.58, a PEG ratio of 2.04 and a beta of 0.67. The company has a fifty day simple moving average of $136.66 and a 200 day simple moving average of $121.48. NetEase, Inc. has a twelve month low of $75.88 and a twelve month high of $159.55.

NetEase Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Thursday, August 28th were given a $0.675 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 1.8%. NetEase's dividend payout ratio (DPR) is currently 30.72%.

Analyst Upgrades and Downgrades

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