NetEase (NASDAQ:NTES) VP Bin Mo Sells 716 Shares of Stock

NetEase, Inc. (NASDAQ:NTES) VP Bin Mo sold 716 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $120.64, for a total value of $86,378.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NetEase Price Performance

NetEase stock opened at $119.29 on Friday. The firm has a market cap of $76.38 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.35 and a beta of 0.72. NetEase, Inc. has a fifty-two week low of $106.06 and a fifty-two week high of $159.55. The firm has a fifty day moving average price of $126.98 and a two-hundred day moving average price of $120.50.

NetEase Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Thursday, September 3rd will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $1.92 dividend on an annualized basis and a yield of 1.6%. NetEase’s dividend payout ratio is 26.31%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Morgan Stanley restated an “overweight” rating and set a $158.00 price objective on shares of NetEase in a report on Tuesday, May 26th. Nomura increased their target price on shares of NetEase from $155.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. The Goldman Sachs Group set a $169.00 target price on NetEase in a research report on Wednesday, July 1st. Benchmark restated a “buy” rating on shares of NetEase in a research note on Friday, May 22nd. Finally, Zacks Research lowered NetEase from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $160.57.

Institutional Investors Weigh In On NetEase

Several institutional investors and hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in shares of NetEase during the 1st quarter worth about $25,000. Atlas Capital Advisors Inc. bought a new stake in NetEase in the fourth quarter valued at about $47,000. Smartleaf Asset Management LLC raised its position in NetEase by 3,381.8% in the second quarter. Smartleaf Asset Management LLC now owns 383 shares of the technology company’s stock worth $51,000 after purchasing an additional 372 shares in the last quarter. Harbour Investments Inc. raised its position in NetEase by 7,480.0% in the fourth quarter. Harbour Investments Inc. now owns 379 shares of the technology company’s stock worth $52,000 after purchasing an additional 374 shares in the last quarter. Finally, MidFirst Bank bought a new position in NetEase during the fourth quarter worth about $57,000. Institutional investors own 11.07% of the company’s stock.

About NetEase

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.