Cetera Investment Advisers Has $366,000 Stock Position in NetEase, Inc. (NASDAQ:NTES)

Cetera Investment Advisers trimmed its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 45.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,108 shares of the technology company's stock after selling 3,398 shares during the quarter. Cetera Investment Advisers' holdings in NetEase were worth $366,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Aspex Management HK Ltd acquired a new stake in shares of NetEase during the 4th quarter worth approximately $13,172,000. Itau Unibanco Holding S.A. purchased a new stake in NetEase in the 4th quarter valued at about $212,000. AdvisorShares Investments LLC purchased a new stake in NetEase in the 4th quarter valued at about $330,000. Northern Trust Corp increased its stake in NetEase by 138.5% during the fourth quarter. Northern Trust Corp now owns 430,653 shares of the technology company's stock worth $38,419,000 after purchasing an additional 250,111 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of NetEase by 15.9% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,258 shares of the technology company's stock worth $736,000 after buying an additional 1,132 shares in the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Trading Up 2.3%

NTES stock traded up $2.86 during mid-day trading on Tuesday, hitting $126.06. The stock had a trading volume of 1,882,692 shares, compared to its average volume of 1,559,121. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $126.81. The company has a fifty day moving average of $107.61 and a 200 day moving average of $100.70. The stock has a market capitalization of $79.87 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 3.37 and a beta of 0.66.

NetEase Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.675 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.14%. NetEase's dividend payout ratio is currently 38.71%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on NetEase in a report on Monday, May 12th. They issued a "buy" rating and a $130.00 price target for the company. JPMorgan Chase & Co. raised their price target on NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Morgan Stanley lifted their price objective on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Barclays raised their price target on NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Friday, May 16th. Finally, Benchmark lifted their price objective on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, NetEase has an average rating of "Buy" and an average price target of $119.38.

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.