Pacer Advisors Inc. acquired a new position in shares of NetEase, Inc. (NASDAQ:NTES) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 995 shares of the technology company’s stock, valued at approximately $299,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Assetmark Inc. lifted its holdings in NetEase by 51.0% during the 1st quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock worth $104,000 after purchasing an additional 124 shares in the last quarter. IFP Advisors Inc lifted its holdings in NetEase by 21.4% during the 2nd quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock worth $118,000 after purchasing an additional 69 shares in the last quarter. Private Advisory Group LLC purchased a new stake in NetEase during the 1st quarter worth about $205,000. Huntington National Bank lifted its holdings in NetEase by 84.7% during the 2nd quarter. Huntington National Bank now owns 700 shares of the technology company’s stock worth $210,000 after purchasing an additional 321 shares in the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in NetEase during the 1st quarter worth about $227,000. 50.38% of the stock is currently owned by institutional investors and hedge funds.
NetEase, Inc. (NASDAQ:NTES) opened at 271.35 on Wednesday. NetEase, Inc. has a 52 week low of $211.11 and a 52 week high of $337.55. The company has a market capitalization of $35.76 billion, a price-to-earnings ratio of 17.99 and a beta of 0.96. The firm has a 50-day moving average price of $286.74 and a 200-day moving average price of $289.24.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 25th were given a $0.83 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $3.32 annualized dividend and a dividend yield of 1.22%. NetEase’s payout ratio is 25.07%.
A number of analysts recently issued reports on NTES shares. Zacks Investment Research cut NetEase from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub raised NetEase from a “hold” rating to a “buy” rating in a report on Friday, July 14th. ValuEngine cut NetEase from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and set a $330.00 price objective on shares of NetEase in a report on Friday, June 16th. Finally, Standpoint Research cut NetEase from a “buy” rating to a “reduce” rating and increased their price objective for the stock from $345.00 to $360.00 in a report on Wednesday, June 7th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. NetEase presently has a consensus rating of “Hold” and a consensus target price of $306.40.
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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