NetEase, Inc. (NASDAQ:NTES) Shares Sold by Vident Advisory LLC

Vident Advisory LLC decreased its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 40.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,142 shares of the technology company's stock after selling 2,127 shares during the quarter. Vident Advisory LLC's holdings in NetEase were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of NetEase by 81.7% in the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after acquiring an additional 152 shares in the last quarter. Live Oak Investment Partners acquired a new position in shares of NetEase in the fourth quarter worth $62,000. SBI Securities Co. Ltd. acquired a new position in shares of NetEase in the fourth quarter worth $110,000. Toronto Dominion Bank purchased a new stake in shares of NetEase during the 4th quarter worth $145,000. Finally, Empowered Funds LLC purchased a new stake in shares of NetEase during the 4th quarter worth $174,000. Hedge funds and other institutional investors own 11.07% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NTES shares. Deutsche Bank Aktiengesellschaft started coverage on shares of NetEase in a research report on Monday, May 12th. They set a "buy" rating and a $130.00 price objective for the company. Wall Street Zen raised shares of NetEase from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price target on shares of NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Barclays boosted their price target on shares of NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a research report on Friday, May 16th. Finally, Morgan Stanley boosted their price target on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $119.38.

NetEase Price Performance

Shares of NASDAQ:NTES traded up $2.86 on Tuesday, reaching $126.06. The company's stock had a trading volume of 1,882,692 shares, compared to its average volume of 1,559,121. The stock's 50-day moving average is $107.61 and its two-hundred day moving average is $100.70. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $126.81. The stock has a market capitalization of $79.87 billion, a P/E ratio of 19.79, a PEG ratio of 3.37 and a beta of 0.66.

NetEase Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, May 30th. NetEase's payout ratio is 38.71%.

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.