TD Private Client Wealth LLC Boosts Holdings in NetEase, Inc. $NTES

Key Points

• TD Private Client Wealth LLC increased its holdings in NetEase, Inc. by 280.7% in the second quarter, owning 2,402 shares valued at $323,000 as of its latest SEC filing.
• NetEase recently announced a quarterly dividend of $0.675 per share, representing an annualized yield of 1.8%.
• Analyst ratings for NetEase are mixed, with Zacks Research downgrading the stock to a "hold" while other firms, like the Goldman Sachs Group, assigned a "buy" rating with a price target of $161.00.

TD Private Client Wealth LLC grew its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 280.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,402 shares of the technology company's stock after buying an additional 1,771 shares during the period. TD Private Client Wealth LLC's holdings in NetEase were worth $323,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NTES. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of NetEase in the 1st quarter valued at approximately $26,000. Mather Group LLC. lifted its holdings in shares of NetEase by 1,415.0% in the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company's stock worth $31,000 after acquiring an additional 283 shares during the last quarter. Reyes Financial Architecture Inc. lifted its holdings in shares of NetEase by 1,189.5% in 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 last quarter. UMB Bank n.a. acquired a new position in shares of NetEase in the 2nd quarter worth approximately $39,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of NetEase by 758.5% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 455 shares of the technology company's stock worth $61,000 after acquiring an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 11.07% of the company's stock.

NetEase Stock Down 2.2%

NetEase stock opened at $147.62 on Friday. The firm has a market cap of $93.53 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 1.97 and a beta of 0.67. NetEase, Inc. has a 52-week low of $75.88 and a 52-week high of $159.55. The company's 50 day moving average is $138.44 and its two-hundred day moving average is $123.26.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.675 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.70 dividend on an annualized basis and a yield of 1.8%. NetEase's dividend payout ratio is 30.72%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research lowered shares of NetEase from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Arete Research upgraded shares of NetEase to a "strong-buy" rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. lowered shares of NetEase from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from $135.00 to $140.00 in a report on Monday, July 28th. The Goldman Sachs Group set a $161.00 price objective on shares of NetEase and gave the stock a "buy" rating in a report on Monday, September 15th. Finally, Wall Street Zen lowered shares of NetEase from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, NetEase currently has an average rating of "Moderate Buy" and a consensus target price of $132.00.

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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