B. Riley Wealth Advisors Inc. Sells 741 Shares of NetEase, Inc. (NASDAQ:NTES)

B. Riley Wealth Advisors Inc. lessened its position in shares of NetEase, Inc. (NASDAQ:NTES) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,386 shares of the technology company’s stock after selling 741 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in NetEase were worth $315,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NTES. Boston Partners acquired a new position in shares of NetEase during the 4th quarter worth about $964,000. Assenagon Asset Management S.A. boosted its stake in shares of NetEase by 451.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 511,454 shares of the technology company’s stock worth $47,647,000 after buying an additional 418,677 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of NetEase by 879.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 28,311 shares of the technology company’s stock worth $2,637,000 after buying an additional 25,421 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of NetEase by 64.5% during the 4th quarter. BNP Paribas Financial Markets now owns 56,809 shares of the technology company’s stock worth $5,292,000 after buying an additional 22,268 shares during the last quarter. Finally, AI Squared Management Ltd acquired a new position in shares of NetEase during the 4th quarter worth about $7,322,000. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

Shares of NASDAQ:NTES opened at $93.04 on Wednesday. NetEase, Inc. has a 52-week low of $81.30 and a 52-week high of $118.89. The company has a market capitalization of $59.75 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.74 and a beta of 0.52. The company has a 50-day simple moving average of $94.67 and a 200 day simple moving average of $98.55.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Thursday, May 23rd. The technology company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.05). The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. NetEase had a return on equity of 24.19% and a net margin of 28.75%. As a group, equities analysts forecast that NetEase, Inc. will post 6.86 earnings per share for the current year.

NetEase Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Thursday, June 6th were given a dividend of $0.495 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.98 annualized dividend and a yield of 2.13%. NetEase’s dividend payout ratio (DPR) is presently 30.54%.

Wall Street Analysts Forecast Growth

NTES has been the subject of a number of recent research reports. Benchmark increased their price objective on shares of NetEase from $144.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Barclays initiated coverage on shares of NetEase in a research note on Thursday, June 13th. They set an “equal weight” rating and a $104.00 price objective for the company. StockNews.com upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 19th. Morgan Stanley restated an “equal weight” rating and set a $100.00 price objective (down from $120.00) on shares of NetEase in a research note on Thursday, May 23rd. Finally, HSBC cut their target price on shares of NetEase from $130.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

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.