West Family Investments Inc. Increases Stock Position in NetEase, Inc. $NTES

by · The Cerbat Gem

West Family Investments Inc. lifted its position in shares of NetEase, Inc. (NASDAQ:NTES – Free Report) by 34.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,057 shares of the technology company’s stock after purchasing an additional 786 shares during the period. West Family Investments Inc.’s holdings in NetEase were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Ninety One UK Ltd lifted its position in shares of NetEase by 2.2% during the 2nd quarter. Ninety One UK Ltd now owns 6,267,769 shares of the technology company’s stock worth $843,516,000 after buying an additional 134,967 shares in the last quarter. Dodge & Cox increased its position in shares of NetEase by 5.8% during the first quarter. Dodge & Cox now owns 2,803,664 shares of the technology company’s stock valued at $288,553,000 after acquiring an additional 153,788 shares during the last quarter. Hhlr Advisors LTD. lifted its holdings in NetEase by 3.1% during the first quarter. Hhlr Advisors LTD. now owns 2,668,697 shares of the technology company’s stock worth $274,662,000 after acquiring an additional 79,754 shares during the period. Wellington Management Group LLP boosted its position in NetEase by 111.7% in the first quarter. Wellington Management Group LLP now owns 1,988,541 shares of the technology company’s stock worth $204,661,000 after purchasing an additional 1,049,023 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in NetEase by 54.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,977,835 shares of the technology company’s stock worth $203,560,000 after purchasing an additional 697,192 shares during the last quarter. 11.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NTES shares. Sanford C. Bernstein set a $155.00 target price on NetEase in a research note on Friday, November 21st. Wall Street Zen downgraded shares of NetEase from a “buy” rating to a “hold” rating in a report on Sunday, November 23rd. The Goldman Sachs Group set a $161.00 target price on shares of NetEase and gave the company a “buy” rating in a research note on Monday, September 15th. Weiss Ratings restated a “hold (c)” rating on shares of NetEase in a research note on Wednesday, November 19th. Finally, Citigroup reaffirmed a “buy” rating on shares of NetEase in a report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, NetEase presently has an average rating of “Moderate Buy” and a consensus target price of $152.10.

Read Our Latest Research Report on NTES

NetEase Stock Down 0.4%

NASDAQ NTES opened at $137.00 on Friday. The firm has a market cap of $86.80 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.91 and a beta of 0.65. The company’s 50 day moving average is $144.75 and its 200-day moving average is $136.74. NetEase, Inc. has a 12-month low of $85.94 and a 12-month high of $159.55.

NetEase Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, December 5th. This represents a $2.28 annualized dividend and a dividend yield of 1.7%. NetEase’s dividend payout ratio is currently 28.99%.

NetEase Company Profile

(Free Report)

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.

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