Vestmark Advisory Solutions Inc. Lowers Stock Holdings in NetEase, Inc. $NTES

Vestmark Advisory Solutions Inc. lowered its stake in NetEase, Inc. (NASDAQ:NTES) by 54.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,043 shares of the technology company’s stock after selling 4,776 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in NetEase were worth $615,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in NetEase by 1.1% during the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company’s stock valued at $919,000 after purchasing an additional 117 shares in the last quarter. Strs Ohio bought a new stake in shares of NetEase during the first quarter valued at approximately $63,000. Oppenheimer Asset Management Inc. purchased a new position in NetEase in the 2nd quarter worth approximately $2,316,000. Envestnet Asset Management Inc. boosted its stake in NetEase by 255.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 264,463 shares of the technology company’s stock valued at $35,591,000 after purchasing an additional 189,963 shares during the last quarter. Finally, Bessemer Group Inc. bought a new stake in shares of NetEase in the 2nd quarter worth $89,000. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Stock Down 0.2%

Shares of NTES opened at $115.44 on Friday. The business has a 50-day simple moving average of $131.27 and a two-hundred day simple moving average of $138.28. The stock has a market cap of $73.14 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.47 and a beta of 0.71. NetEase, Inc. has a 52 week low of $88.54 and a 52 week high of $159.55.

NetEase Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 16th will be given a dividend of $1.16 per share. The ex-dividend date is Monday, March 16th. This is a positive change from NetEase’s previous quarterly dividend of $0.57. This represents a $4.64 dividend on an annualized basis and a dividend yield of 4.0%. NetEase’s dividend payout ratio (DPR) is 30.93%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NTES shares. Sanford C. Bernstein set a $155.00 price target on NetEase in a report on Friday, November 21st. Barclays lowered their target price on shares of NetEase from $135.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of NetEase in a research note on Monday, December 22nd. Nomura lowered their price objective on shares of NetEase from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Finally, Citigroup restated a “buy” rating on shares of NetEase in a report on Wednesday, February 11th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, NetEase presently has a consensus rating of “Moderate Buy” and an average price target of $155.67.

NetEase Company Profile

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.