NetEase, Inc. (NASDAQ:NTES) Stock Holdings Increased by AdvisorNet Financial Inc

AdvisorNet Financial Inc boosted its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 39.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,400 shares of the technology company’s stock after purchasing an additional 397 shares during the period. AdvisorNet Financial Inc’s holdings in NetEase were worth $134,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Mather Group LLC. increased its stake in shares of NetEase by 1,415.0% during the 2nd quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock worth $31,000 after purchasing an additional 283 shares during the last quarter. USA Financial Formulas grew its holdings in NetEase by 1,153.1% in the 4th quarter. USA Financial Formulas now owns 401 shares of the technology company’s stock valued at $37,000 after buying an additional 369 shares during the last quarter. UMB Bank n.a. bought a new position in NetEase during the first quarter worth $50,000. ORG Partners LLC acquired a new position in shares of NetEase during the first quarter valued at about $50,000. Finally, Lindbrook Capital LLC raised its holdings in NetEase by 14.0% in the 4th quarter. Lindbrook Capital LLC now owns 1,043 shares of the technology company’s stock valued at $97,000 after acquiring an additional 128 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Trading Up 2.8 %

Shares of NASDAQ NTES traded up $2.42 during mid-day trading on Thursday, reaching $90.12. 1,134,790 shares of the company’s stock were exchanged, compared to its average volume of 1,690,352. NetEase, Inc. has a twelve month low of $81.30 and a twelve month high of $118.89. The firm has a market capitalization of $57.87 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 1.81 and a beta of 0.53. The business has a fifty day simple moving average of $92.24 and a 200 day simple moving average of $97.73.

NetEase (NASDAQ:NTES) last released its quarterly earnings results on Thursday, May 23rd. The technology company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.05). The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. NetEase had a net margin of 28.75% and a return on equity of 24.19%. Equities research analysts predict that NetEase, Inc. will post 6.7 earnings per share for the current fiscal year.

NetEase Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Thursday, June 6th were paid a dividend of $0.495 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.20%. NetEase’s dividend payout ratio is 30.54%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NTES. Benchmark raised their price objective on shares of NetEase from $144.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, May 24th. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 20th. Barclays initiated coverage on shares of NetEase in a research report on Thursday, June 13th. They issued an “equal weight” rating and a $104.00 price objective for the company. HSBC lowered their target price on NetEase from $130.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $100.00 price target on shares of NetEase in a research note on Friday, July 5th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, NetEase presently has an average rating of “Moderate Buy” and an average target price of $123.86.

About NetEase

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.