NetEase, Inc. $NTES Shares Sold by Ameritas Advisory Services LLC

Key Points

• Ameritas Advisory Services LLC reduced its holdings in NetEase, Inc. by 52.5% during the second quarter, owning 3,669 shares valued at approximately $494,000 after selling 4,063 shares.
• Multiple institutional investors have increased their stakes in NetEase, with notable increases including Mather Group LLC raising its stake by 1,415% and Reyes Financial Architecture Inc. by 1,189.5%.
• NetEase declared a quarterly dividend of $0.675 per share, reflecting a 1.8% yield and a payout ratio of 30.72%.

Ameritas Advisory Services LLC lowered its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 52.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,669 shares of the technology company's stock after selling 4,063 shares during the period. Ameritas Advisory Services LLC's holdings in NetEase were worth $494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of NetEase in the first quarter valued at about $26,000. USA Financial Formulas acquired a new position in NetEase in the 2nd quarter valued at about $30,000. Mather Group LLC. raised its stake in NetEase by 1,415.0% during the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company's stock valued at $31,000 after acquiring an additional 283 shares during the last quarter. Reyes Financial Architecture Inc. lifted its position in NetEase by 1,189.5% during the 2nd quarter. Reyes Financial Architecture Inc. now owns 245 shares of the technology company's stock worth $33,000 after acquiring an additional 226 shares during the period. Finally, UMB Bank n.a. purchased a new position in shares of NetEase in the 2nd quarter valued at approximately $39,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NTES has been the subject of several analyst reports. The Goldman Sachs Group set a $161.00 price target on NetEase and gave the stock a "buy" rating in a research note on Monday, September 15th. Barclays set a $120.00 price objective on shares of NetEase and gave the company an "equal weight" rating in a research note on Monday, August 18th. Zacks Research cut shares of NetEase from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. JPMorgan Chase & Co. lowered shares of NetEase from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $135.00 to $140.00 in a research note on Monday, July 28th. Finally, Arete Research raised shares of NetEase to a "strong-buy" rating in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $132.00.

NetEase Stock Down 0.3%

Shares of NTES opened at $151.04 on Tuesday. NetEase, Inc. has a 52-week low of $75.88 and a 52-week high of $159.55. The company has a 50-day simple moving average of $140.21 and a 200-day simple moving average of $125.53. The company has a market capitalization of $95.70 billion, a PE ratio of 20.44, a P/E/G ratio of 2.02 and a beta of 0.67.

NetEase Dividend Announcement

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

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.

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