Wellington Management Group LLP Has $83.81 Million Holdings in NetEase, Inc. (NASDAQ:NTES)

Wellington Management Group LLP lessened its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 939,518 shares of the technology company's stock after selling 80,695 shares during the quarter. Wellington Management Group LLP owned about 0.15% of NetEase worth $83,814,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in NetEase by 81.7% in the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after acquiring an additional 152 shares during the period. Live Oak Investment Partners bought a new position in NetEase in the 4th quarter worth $62,000. Avior Wealth Management LLC raised its holdings in NetEase by 148.9% in the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock worth $89,000 after acquiring an additional 594 shares during the period. SBI Securities Co. Ltd. bought a new position in NetEase in the 4th quarter worth $110,000. Finally, Toronto Dominion Bank bought a new position in NetEase in the 4th quarter worth $145,000. Institutional investors own 11.07% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NTES shares. Wall Street Zen upgraded shares of NetEase from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Morgan Stanley boosted their price objective on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Benchmark boosted their price objective on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of NetEase in a report on Monday, May 12th. They set a "buy" rating and a $130.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NetEase currently has a consensus rating of "Buy" and an average price target of $119.38.

NetEase Trading Down 2.2%

NASDAQ NTES traded down $2.70 on Friday, reaching $121.57. The company's stock had a trading volume of 1,603,751 shares, compared to its average volume of 1,564,398. The firm has a market cap of $77.03 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66. The business has a 50-day moving average price of $106.68 and a 200 day moving average price of $99.99. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $126.81.

NetEase Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.675 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.70 dividend on an annualized basis and a yield of 2.22%. NetEase's dividend payout ratio (DPR) is presently 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.