DRW Securities LLC Invests $1.01 Million in NetEase, Inc. (NASDAQ:NTES)

DRW Securities LLC bought a new stake in NetEase, Inc. (NASDAQ:NTES) in the third quarter, HoldingsChannel reports. The fund bought 10,814 shares of the technology company’s stock, valued at approximately $1,011,000.

A number of other large investors have also modified their holdings of the stock. Sequoia Financial Advisors LLC grew its stake in shares of NetEase by 4.3% in the second quarter. Sequoia Financial Advisors LLC now owns 2,575 shares of the technology company’s stock valued at $246,000 after buying an additional 107 shares in the last quarter. Guinness Atkinson Asset Management Inc grew its stake in shares of NetEase by 0.7% in the second quarter. Guinness Atkinson Asset Management Inc now owns 15,422 shares of the technology company’s stock valued at $1,474,000 after buying an additional 110 shares in the last quarter. SYSTM Wealth Solutions LLC grew its stake in NetEase by 55.5% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock valued at $31,000 after purchasing an additional 117 shares in the last quarter. Fifth Third Bancorp grew its stake in NetEase by 1.9% during the 2nd quarter. Fifth Third Bancorp now owns 7,658 shares of the technology company’s stock valued at $732,000 after purchasing an additional 146 shares in the last quarter. Finally, Financial Advocates Investment Management grew its stake in NetEase by 5.4% during the 3rd quarter. Financial Advocates Investment Management now owns 4,647 shares of the technology company’s stock valued at $435,000 after purchasing an additional 237 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup raised their price objective on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. 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 research note on Thursday, August 22nd. 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 report on Friday, August 23rd. Barclays decreased their target price 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. Finally, Benchmark decreased their target price on NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $107.29.

NetEase Trading Down 1.2 %

Shares of NASDAQ NTES opened at $85.40 on Tuesday. The company has a market cap of $54.84 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 3.27 and a beta of 0.57. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $115.10. The stock’s 50 day simple moving average is $84.92 and its 200 day simple moving average is $88.43.

NetEase Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, November 29th. NetEase’s dividend payout ratio (DPR) is 29.22%.

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.