NetEase, Inc. (NASDAQ:NTES) Shares Purchased by Hhlr Advisors LTD.

Hhlr Advisors LTD. boosted its holdings in NetEase, Inc. (NASDAQ:NTES) by 86.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,588,943 shares of the technology company’s stock after purchasing an additional 1,203,129 shares during the quarter. NetEase makes up 5.3% of Hhlr Advisors LTD.’s portfolio, making the stock its 6th biggest holding. Hhlr Advisors LTD.’s holdings in NetEase were worth $242,092,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its stake in NetEase by 4.3% during the second quarter. Sequoia Financial Advisors LLC now owns 2,575 shares of the technology company’s stock worth $246,000 after acquiring an additional 107 shares during the last quarter. Guinness Atkinson Asset Management Inc increased its stake in NetEase by 0.7% during the second quarter. Guinness Atkinson Asset Management Inc now owns 15,422 shares of the technology company’s stock worth $1,474,000 after acquiring an additional 110 shares during the last quarter. SYSTM Wealth Solutions LLC increased its stake in NetEase by 55.5% during the second quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock worth $31,000 after acquiring an additional 117 shares during the last quarter. Fifth Third Bancorp increased its stake in NetEase by 1.9% during the second quarter. Fifth Third Bancorp now owns 7,658 shares of the technology company’s stock worth $732,000 after acquiring an additional 146 shares during the last quarter. Finally, Financial Advocates Investment Management increased its stake in NetEase by 5.4% during the third quarter. Financial Advocates Investment Management now owns 4,647 shares of the technology company’s stock worth $435,000 after acquiring an additional 237 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTES has been the subject of several research analyst reports. Jefferies Financial Group dropped their price target on NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. StockNews.com upgraded NetEase from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Bank of America lowered their target price on NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Benchmark lowered their target price on NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Citigroup increased their target price on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.29.

NetEase Stock Performance

NTES stock opened at $87.48 on Friday. The firm has a market cap of $56.18 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $114.50. The stock has a 50-day simple moving average of $85.61 and a 200-day simple moving average of $88.23.

NetEase Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Friday, November 29th. NetEase’s dividend payout ratio is currently 29.22%.

NetEase Profile

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.