Natixis Advisors LLC Sells 49,519 Shares of NetEase, Inc. (NASDAQ:NTES)

Natixis Advisors LLC lowered its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 63.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 28,064 shares of the technology company’s stock after selling 49,519 shares during the quarter. Natixis Advisors LLC’s holdings in NetEase were worth $2,624,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Guinness Asset Management LTD boosted its stake in NetEase by 16.7% during the third quarter. Guinness Asset Management LTD now owns 86,741 shares of the technology company’s stock worth $8,111,000 after buying an additional 12,410 shares during the period. Assenagon Asset Management S.A. lifted its stake in NetEase by 65.8% in the second quarter. Assenagon Asset Management S.A. now owns 772,242 shares of the technology company’s stock worth $73,811,000 after purchasing an additional 306,500 shares during the last quarter. Legacy Capital Group California Inc. purchased a new position in shares of NetEase during the second quarter valued at approximately $267,000. Assetmark Inc. grew its stake in shares of NetEase by 27.3% during the third quarter. Assetmark Inc. now owns 38,469 shares of the technology company’s stock valued at $3,597,000 after buying an additional 8,248 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of NetEase by 15.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 569,633 shares of the technology company’s stock worth $54,502,000 after acquiring an additional 76,446 shares during the last quarter. Institutional investors own 11.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NTES shares. Benchmark lowered their target price on shares of NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Barclays lowered their price objective on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, August 26th. Jefferies Financial Group reduced 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. Citigroup boosted their price target on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Bank of America reduced their price objective on NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, NetEase currently has an average rating of “Moderate Buy” and an average price target of $107.29.

NetEase Stock Performance

NASDAQ NTES opened at $86.45 on Monday. The company has a market cap of $55.51 billion, a PE ratio of 14.60, a P/E/G ratio of 3.35 and a beta of 0.57. The firm’s 50 day moving average price is $84.75 and its 200-day moving average price is $88.52. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $115.43.

NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $10.43. The business had revenue of $25.49 billion for the quarter, compared to the consensus estimate of $26.01 billion. NetEase had a return on equity of 20.82% and a net margin of 26.02%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $1.75 EPS. On average, analysts forecast that NetEase, Inc. will post 6.08 earnings per share for the current fiscal year.

NetEase Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.74 annualized dividend and a yield of 2.01%. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

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.