NetEase, Inc. $NTES Shares Bought by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC significantly increased its stake in NetEase, Inc., growing its holdings by 1,073.2% in the second quarter, now owning 108,854 shares valued at approximately $14.65 million.
• NetEase has announced a quarterly dividend of $0.675 per share, representing an annualized payout of $2.70 with a dividend yield of 1.8%.
• Wall Street analysts have mixed ratings for NetEase, with one upgrading the stock to a "strong-buy" and others downgrading their ratings, leading to an average rating of "Moderate Buy" and a price target of $132.00.

Janney Montgomery Scott LLC grew its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 1,073.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 108,854 shares of the technology company's stock after acquiring an additional 99,576 shares during the quarter. Janney Montgomery Scott LLC's holdings in NetEase were worth $14,650,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in NetEase by 1.1% during the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock worth $919,000 after acquiring an additional 117 shares during the period. Concurrent Investment Advisors LLC boosted its position in NetEase by 5.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,569 shares of the technology company's stock worth $264,000 after acquiring an additional 132 shares during the period. Fifth Third Bancorp boosted its position in NetEase by 2.7% during the 1st quarter. Fifth Third Bancorp now owns 5,264 shares of the technology company's stock worth $542,000 after acquiring an additional 138 shares during the period. Hardy Reed LLC boosted its position in NetEase by 1.7% during the 1st quarter. Hardy Reed LLC now owns 8,394 shares of the technology company's stock worth $864,000 after acquiring an additional 139 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in NetEase by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 9,884 shares of the technology company's stock worth $1,017,000 after acquiring an additional 153 shares during the period. Institutional investors and hedge funds own 11.07% of the company's stock.

NetEase Trading Up 2.1%

NASDAQ:NTES opened at $153.23 on Friday. The firm has a market capitalization of $97.09 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.00 and a beta of 0.67. NetEase, Inc. has a 1-year low of $75.88 and a 1-year high of $159.55. The business's fifty day moving average price is $139.50 and its 200 day moving average price is $124.46.

NetEase Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Thursday, August 28th were paid a dividend of $0.675 per share. The ex-dividend date of this dividend 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 30.72%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Arete Research upgraded NetEase to a "strong-buy" rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. lowered NetEase from an "overweight" rating to a "neutral" rating and upped their price objective for the company from $135.00 to $140.00 in a report on Monday, July 28th. Zacks Research lowered NetEase from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Wall Street Zen lowered NetEase from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 20th. Finally, Arete upgraded NetEase from a "sell" rating to a "buy" rating and set a $150.00 price objective for the company in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $132.00.

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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