Stifel Financial Corp Sells 2,738 Shares of NetEase, Inc. (NASDAQ:NTES)

Stifel Financial Corp cut its holdings in NetEase, Inc. (NASDAQ:NTES) by 14.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,411 shares of the technology company’s stock after selling 2,738 shares during the period. Stifel Financial Corp’s holdings in NetEase were worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of NetEase by 13,747.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company’s stock valued at $585,227,000 after acquiring an additional 6,213,248 shares during the period. Hhlr Advisors LTD. increased its stake in NetEase by 86.8% in the third quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock valued at $242,092,000 after purchasing an additional 1,203,129 shares in the last quarter. Point72 Hong Kong Ltd raised its holdings in shares of NetEase by 109.0% during the second quarter. Point72 Hong Kong Ltd now owns 1,213,323 shares of the technology company’s stock valued at $115,969,000 after purchasing an additional 632,896 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of NetEase by 472.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,000 shares of the technology company’s stock valued at $39,087,000 after purchasing an additional 345,000 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in shares of NetEase by 126.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 525,400 shares of the technology company’s stock worth $50,218,000 after purchasing an additional 293,400 shares in the last quarter. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Stock Up 0.3 %

Shares of NetEase stock opened at $92.09 on Friday. The company has a market cap of $59.14 billion, a PE ratio of 15.56, 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 has a 50 day moving average price of $85.66 and a 200-day moving average price of $87.99.

NetEase Dividend Announcement

The business also recently disclosed 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 1.89%. The ex-dividend date was Friday, November 29th. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NTES. Barclays decreased 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. Benchmark reduced their price objective on NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, November 15th. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Finally, Citigroup lifted their price target on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.