MML Investors Services LLC Has $370,000 Stock Holdings in NetEase, Inc. (NASDAQ:NTES)

MML Investors Services LLC increased its stake in NetEase, Inc. (NASDAQ:NTES) by 12.1% during the third quarter, Holdings Channel.com reports. The fund owned 3,954 shares of the technology company’s stock after buying an additional 428 shares during the period. MML Investors Services LLC’s holdings in NetEase were worth $370,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NTES. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NetEase by 13,747.9% during the third 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 worth $585,227,000 after buying an additional 6,213,248 shares during the last quarter. Hhlr Advisors LTD. raised its holdings in shares of NetEase by 86.8% in the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock worth $242,092,000 after acquiring an additional 1,203,129 shares during the last quarter. Point72 Hong Kong Ltd lifted its position in NetEase by 109.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,213,323 shares of the technology company’s stock valued at $115,969,000 after acquiring an additional 632,896 shares in the last quarter. Temasek Holdings Private Ltd acquired a new position in NetEase during the 3rd quarter valued at about $51,498,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in NetEase by 472.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,000 shares of the technology company’s stock worth $39,087,000 after purchasing an additional 345,000 shares in the last quarter. 11.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Benchmark dropped 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. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Finally, Citigroup raised their target price on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Two equities 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, NetEase presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.29.

NetEase Trading Down 0.2 %

Shares of NTES opened at $92.22 on Wednesday. The stock has a fifty day moving average price of $85.81 and a 200-day moving average price of $87.94. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $114.50. The firm has a market cap of $59.22 billion, a PE ratio of 15.58, a P/E/G ratio of 3.53 and a beta of 0.57.

NetEase Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.435 per share. The ex-dividend date was Friday, November 29th. This represents a $1.74 annualized dividend and a yield of 1.89%. NetEase’s dividend payout ratio is presently 29.22%.

NetEase 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.