NetEase, Inc. (NASDAQ:NTES) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in shares of NetEase, Inc. (NASDAQ:NTES) by 19.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,989 shares of the technology company’s stock after acquiring an additional 2,742 shares during the quarter. Advisors Asset Management Inc.’s holdings in NetEase were worth $1,589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Euro Pacific Asset Management LLC raised its position in shares of NetEase by 3.8% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 12,964 shares of the technology company’s stock valued at $1,215,000 after acquiring an additional 469 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in NetEase in the third quarter worth $468,000. Ashton Thomas Private Wealth LLC increased its position in NetEase by 5.5% in the third quarter. Ashton Thomas Private Wealth LLC now owns 7,892 shares of the technology company’s stock worth $738,000 after buying an additional 409 shares during the period. GSA Capital Partners LLP increased its position in NetEase by 20.6% in the third quarter. GSA Capital Partners LLP now owns 21,853 shares of the technology company’s stock worth $2,043,000 after buying an additional 3,739 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in NetEase by 87.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 75,282 shares of the technology company’s stock worth $7,040,000 after buying an additional 35,031 shares during the period. 11.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NTES has been the topic of several analyst reports. Benchmark dropped their target price on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Jefferies Financial Group decreased their target price on NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Citigroup raised their target price on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America decreased their target price on NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Finally, Barclays decreased their price target 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, NetEase presently has an average rating of “Moderate Buy” and an average target price of $107.29.

NetEase Stock Down 2.5 %

NASDAQ:NTES opened at $86.45 on Monday. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $115.43. The firm has a market capitalization of $55.51 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 3.35 and a beta of 0.57. The stock has a fifty day simple moving average of $84.75 and a 200 day simple moving average of $88.52.

NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $10.43. The firm 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 20.82% and a net margin of 26.02%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.75 EPS. Equities analysts predict that NetEase, Inc. will post 6.08 earnings per share for the current year.

NetEase Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 2.01%. The ex-dividend date is Friday, November 29th. NetEase’s dividend payout ratio is currently 29.22%.

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.