Signaturefd LLC Decreases Stock Position in NetEase, Inc. (NASDAQ:NTES)

Signaturefd LLC decreased its position in NetEase, Inc. (NASDAQ:NTES) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,373 shares of the technology company’s stock after selling 537 shares during the quarter. Signaturefd LLC’s holdings in NetEase were worth $418,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Mather Group LLC. lifted its stake in shares of NetEase by 1,415.0% in the second quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock worth $31,000 after acquiring an additional 283 shares in the last quarter. USA Financial Formulas increased its holdings in NetEase by 1,153.1% during the 4th quarter. USA Financial Formulas now owns 401 shares of the technology company’s stock worth $37,000 after purchasing an additional 369 shares during the last quarter. UMB Bank n.a. acquired a new position in shares of NetEase in the 1st quarter valued at approximately $50,000. ORG Partners LLC purchased a new position in shares of NetEase during the 1st quarter valued at approximately $50,000. Finally, AdvisorNet Financial Inc grew its position in shares of NetEase by 39.6% during the second quarter. AdvisorNet Financial Inc now owns 1,400 shares of the technology company’s stock worth $134,000 after buying an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

NASDAQ NTES opened at $80.44 on Friday. NetEase, Inc. has a one year low of $80.18 and a one year high of $118.89. The company has a 50-day simple moving average of $90.64 and a 200-day simple moving average of $96.35. The firm has a market capitalization of $51.66 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.81 and a beta of 0.53.

NetEase (NASDAQ:NTES) last issued its earnings results on Thursday, August 22nd. The technology company reported $12.05 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $10.43. The company had revenue of $25.49 billion during the quarter, compared to the consensus estimate of $26.01 billion. NetEase had a return on equity of 24.19% and a net margin of 28.75%. NetEase’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 earnings per share. Equities analysts forecast that NetEase, Inc. will post 6.7 earnings per share for the current year.

NetEase Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $0.435 per share. The ex-dividend date is Friday, September 6th. This represents a $1.74 dividend on an annualized basis and a yield of 2.16%. NetEase’s dividend payout ratio is currently 26.82%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NTES. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 20th. Morgan Stanley reissued an “equal weight” rating and issued a $100.00 target price on shares of NetEase in a research report on Friday, July 5th. Bank of America reduced their price target on shares of NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Jefferies Financial Group lowered their price objective on NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, Barclays cut their price objective on NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, August 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.67.

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.