SG Americas Securities LLC Has $540,000 Holdings in NetEase, Inc. (NASDAQ:NTES)

SG Americas Securities LLC trimmed its holdings in NetEase, Inc. (NASDAQ:NTES - Free Report) by 28.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,247 shares of the technology company's stock after selling 2,088 shares during the period. SG Americas Securities LLC's holdings in NetEase were worth $540,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake 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 worth $265,000 after acquiring an additional 2,548 shares in the last quarter. Pine Haven Investment Counsel Inc acquired a new stake in NetEase in the 1st quarter worth approximately $206,000. Farther Finance Advisors LLC boosted its position in NetEase by 191.7% during the first quarter. Farther Finance Advisors LLC now owns 986 shares of the technology company's stock worth $105,000 after purchasing an additional 648 shares during the period. Public Employees Retirement System of Ohio boosted its position in NetEase by 3.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 128,316 shares of the technology company's stock worth $11,447,000 after purchasing an additional 3,883 shares during the period. Finally, SVB Wealth LLC acquired a new position in NetEase during the fourth quarter valued at approximately $3,817,000. 11.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on NTES shares. Wall Street Zen upgraded shares of NetEase from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Barclays boosted their target price on shares of NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. upped their price target on shares of NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on NetEase in a research report on Monday, May 12th. They issued a "buy" rating and a $130.00 price target on the stock. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, NetEase has a consensus rating of "Buy" and an average target price of $119.38.

NetEase Trading Down 0.2%

NASDAQ:NTES traded down $0.24 during trading hours on Thursday, hitting $132.92. 853,639 shares of the company traded hands, compared to its average volume of 1,514,948. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $134.12. The firm has a 50-day moving average of $117.86 and a 200 day moving average of $105.28. The stock has a market capitalization of $84.22 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 4.64 and a beta of 0.67.

NetEase Announces Dividend

The business 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. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, May 30th. 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.