State Street Corp Increases Stock Holdings in NetEase, Inc. (NASDAQ:NTES)

State Street Corp increased its stake in NetEase, Inc. (NASDAQ:NTES) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,729 shares of the technology company’s stock after acquiring an additional 156 shares during the quarter. State Street Corp’s holdings in NetEase were worth $5,305,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SYSTM Wealth Solutions LLC grew its holdings in shares of NetEase by 55.5% during the second quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock worth $31,000 after buying an additional 117 shares in the last quarter. Financial Advocates Investment Management grew its stake in NetEase by 5.4% during the 3rd quarter. Financial Advocates Investment Management now owns 4,647 shares of the technology company’s stock valued at $435,000 after acquiring an additional 237 shares in the last quarter. Brandes Investment Partners LP grew its stake in NetEase by 1.2% during the 2nd quarter. Brandes Investment Partners LP now owns 20,880 shares of the technology company’s stock valued at $2,000,000 after acquiring an additional 248 shares in the last quarter. Financial Counselors Inc. raised its holdings in NetEase by 8.0% in the 3rd quarter. Financial Counselors Inc. now owns 3,404 shares of the technology company’s stock valued at $318,000 after acquiring an additional 252 shares during the last quarter. Finally, Willner & Heller LLC lifted its stake in NetEase by 10.2% in the 3rd quarter. Willner & Heller LLC now owns 3,952 shares of the technology company’s stock worth $370,000 after purchasing an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Stock Down 0.9 %

Shares of NetEase stock opened at $91.48 on Monday. The firm has a market cap of $58.74 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 3.53 and a beta of 0.57. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $114.50. The business’s fifty day simple moving average is $86.65 and its 200-day simple moving average is $87.90.

NetEase Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, November 29th. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

Analyst Ratings Changes

NTES has been the subject of several analyst reports. Citigroup upped their target price on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 15th. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Finally, Benchmark reduced their target price on shares of NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.29.

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.