NetEase, Inc. (NASDAQ:NTES) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its position in shares of NetEase, Inc. (NASDAQ:NTES) by 5.9% in the third quarter, Holdings Channel reports. The institutional investor owned 4,113 shares of the technology company’s stock after selling 260 shares during the quarter. Signaturefd LLC’s holdings in NetEase were worth $385,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of NetEase during the 3rd quarter worth approximately $76,000. Blue Trust Inc. increased its holdings in shares of NetEase by 44.6% during the 3rd quarter. Blue Trust Inc. now owns 4,509 shares of the technology company’s stock worth $431,000 after buying an additional 1,391 shares during the last quarter. Marshall Financial Group LLC increased its holdings in shares of NetEase by 2.2% during the 3rd quarter. Marshall Financial Group LLC now owns 18,254 shares of the technology company’s stock worth $1,707,000 after buying an additional 386 shares during the last quarter. Naviter Wealth LLC increased its holdings in shares of NetEase by 28.4% during the 3rd quarter. Naviter Wealth LLC now owns 8,427 shares of the technology company’s stock worth $788,000 after buying an additional 1,865 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in shares of NetEase by 154.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 72,220 shares of the technology company’s stock worth $6,753,000 after buying an additional 43,836 shares during the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on NTES shares. StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 20th. Morgan Stanley reaffirmed an “equal weight” rating and set a $100.00 price objective on shares of NetEase in a research report on Friday, July 5th. 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 lowered their price objective on shares of NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Finally, Bank of America lowered their price objective on shares of NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, NetEase presently has an average rating of “Moderate Buy” and a consensus target price of $112.67.

NetEase Stock Up 1.1 %

Shares of NTES stock opened at $79.74 on Friday. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $118.89. The stock has a market capitalization of $51.21 billion, a PE ratio of 13.01, a P/E/G ratio of 1.79 and a beta of 0.55. The firm has a 50 day moving average of $84.71 and a two-hundred day moving average of $90.62.

NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Thursday, August 22nd. The technology company reported $12.05 EPS for the quarter, beating the consensus estimate of $1.62 by $10.43. NetEase had a net margin of 26.98% and a return on equity of 22.30%. The company had revenue of $25.49 billion during the quarter, compared to analysts’ expectations of $26.01 billion. During the same quarter last year, the company posted $1.75 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. Analysts expect that NetEase, Inc. will post 6.05 EPS for the current fiscal year.

NetEase Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given 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 (DPR) 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.