Financial Counselors Inc. Has $301,000 Stock Position in NetEase, Inc. (NASDAQ:NTES)

Financial Counselors Inc. cut its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,152 shares of the technology company’s stock after selling 139 shares during the period. Financial Counselors Inc.’s holdings in NetEase were worth $301,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Mather Group LLC. lifted its position in shares of NetEase by 1,415.0% during the 2nd quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock worth $31,000 after buying an additional 283 shares during the last quarter. USA Financial Formulas raised its stake in NetEase by 1,153.1% during the fourth quarter. USA Financial Formulas now owns 401 shares of the technology company’s stock worth $37,000 after acquiring an additional 369 shares in the last quarter. UMB Bank n.a. bought a new position in shares of NetEase in the first quarter worth about $50,000. ORG Partners LLC acquired a new stake in shares of NetEase in the 1st quarter valued at approximately $50,000. Finally, AdvisorNet Financial Inc grew its holdings in shares of NetEase by 39.6% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,400 shares of the technology company’s stock valued at $134,000 after purchasing an additional 397 shares during the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Trading Up 2.0 %

NASDAQ NTES opened at $79.56 on Thursday. NetEase, Inc. has a 12 month low of $77.57 and a 12 month high of $118.89. The firm has a market capitalization of $51.09 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.61 and a beta of 0.53. The business’s 50-day moving average price is $89.78 and its two-hundred day moving average price is $95.70.

NetEase (NASDAQ:NTES) last released its earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $10.43. The business had revenue of $25.49 billion during the quarter, compared to the consensus estimate of $26.01 billion. NetEase had a net margin of 26.98% and a return on equity of 22.30%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.75 EPS. As a group, analysts forecast that NetEase, Inc. will post 6.67 earnings per share for the current fiscal year.

NetEase Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.435 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.74 dividend on an annualized basis and a yield of 2.19%. NetEase’s dividend payout ratio (DPR) is currently 26.82%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Bank of America dropped their price objective on shares of NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 20th. Jefferies Financial Group reduced their price objective on NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Barclays dropped their target price on NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, August 26th. Finally, Benchmark boosted their price target on NetEase from $144.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, NetEase presently has an average rating of “Moderate Buy” and an average target price of $112.67.

About NetEase

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.