NetEase, Inc. (NASDAQ:NTES) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 19.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,101 shares of the technology company’s stock after selling 770 shares during the period. Private Advisor Group LLC’s holdings in NetEase were worth $290,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NTES. ORG Partners LLC acquired a new position in NetEase during the 1st quarter valued at about $50,000. SG Americas Securities LLC grew its stake in shares of NetEase by 124.9% in the 1st quarter. SG Americas Securities LLC now owns 17,040 shares of the technology company’s stock worth $1,763,000 after purchasing an additional 9,464 shares during the last quarter. OPTIMAS CAPITAL Ltd acquired a new position in shares of NetEase in the 1st quarter worth approximately $2,835,000. Capital Wealth Planning LLC grew its stake in shares of NetEase by 25.7% in the 1st quarter. Capital Wealth Planning LLC now owns 26,189 shares of the technology company’s stock worth $2,710,000 after purchasing an additional 5,348 shares during the last quarter. Finally, SIH Partners LLLP grew its stake in shares of NetEase by 492.6% in the 1st quarter. SIH Partners LLLP now owns 93,197 shares of the technology company’s stock worth $9,643,000 after purchasing an additional 77,469 shares during the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Bank of America lowered their price objective on shares of NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Barclays dropped their target price on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, August 26th. StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Finally, Jefferies Financial Group dropped their target price on shares of NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.67.

NetEase Price Performance

Shares of NTES stock opened at $80.00 on Thursday. The stock has a market cap of $51.37 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 1.75 and a beta of 0.57. The stock has a 50-day moving average of $83.65 and a 200-day moving average of $89.70. NetEase, Inc. has a one year low of $75.85 and a one year high of $118.89.

NetEase (NASDAQ:NTES) last posted its earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $10.43. The business had revenue of $25.49 billion during the quarter, compared to analysts’ expectations of $26.01 billion. NetEase had a return on equity of 22.30% and a net margin of 26.98%. NetEase’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 EPS. As a group, research analysts anticipate that NetEase, Inc. will post 6.02 earnings per share for the current year.

NetEase Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.74 annualized dividend and a dividend yield of 2.18%. NetEase’s dividend payout ratio is currently 28.22%.

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.