Hhlr Advisors LTD. increased its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,668,697 shares of the technology company's stock after buying an additional 79,754 shares during the period. NetEase comprises approximately 8.0% of Hhlr Advisors LTD.'s portfolio, making the stock its 4th largest position. Hhlr Advisors LTD. owned 0.42% of NetEase worth $274,662,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of NetEase during the first quarter valued at $26,000. Mather Group LLC. increased its holdings in NetEase by 1,415.0% in the first quarter. Mather Group LLC. now owns 303 shares of the technology company's stock valued at $31,000 after purchasing an additional 283 shares during the period. TD Private Client Wealth LLC bought a new position in NetEase during the 1st quarter worth $65,000. Farther Finance Advisors LLC lifted its holdings in NetEase by 191.7% during the 1st quarter. Farther Finance Advisors LLC now owns 986 shares of the technology company's stock worth $105,000 after buying an additional 648 shares during the period. Finally, Allianz SE acquired a new position in NetEase during the 1st quarter worth about $110,000. 11.07% of the stock is owned by institutional investors.
NetEase Trading Down 1.1%
Shares of NTES stock opened at $136.19 on Monday. The firm has a market capitalization of $86.29 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.82 and a beta of 0.67. The firm has a fifty day simple moving average of $132.63 and a two-hundred day simple moving average of $117.10. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $141.45.
NetEase Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 28th will be issued 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 is Thursday, August 28th. NetEase's dividend payout ratio is currently 30.72%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Zacks Research downgraded shares of NetEase from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of NetEase in a research report on Monday, May 12th. They issued a "buy" rating and a $130.00 price target on the stock. JPMorgan Chase & Co. downgraded NetEase from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $135.00 to $140.00 in a report on Monday, July 28th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $122.71.
Read Our Latest Research Report on NetEase
About NetEase
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding NTES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetEase, Inc. (NASDAQ:NTES - Free Report).
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