Natixis Advisors LLC Decreases Holdings in NetEase, Inc. $NTES

Natixis Advisors LLC lowered its stake in NetEase, Inc. (NASDAQ:NTES) by 39.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,552 shares of the technology company’s stock after selling 32,238 shares during the period. Natixis Advisors LLC’s holdings in NetEase were worth $6,819,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of NetEase by 1.1% in 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 during the last quarter. Strs Ohio bought a new position in shares of NetEase during the 1st quarter valued at approximately $63,000. EverSource Wealth Advisors LLC raised its holdings in NetEase by 106.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 542 shares of the technology company’s stock valued at $73,000 after buying an additional 280 shares during the period. First Trust Advisors LP lifted its position in NetEase by 287.4% in the second quarter. First Trust Advisors LP now owns 91,571 shares of the technology company’s stock worth $12,324,000 after buying an additional 67,934 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in NetEase by 670.9% in the second quarter. Walleye Capital LLC now owns 5,265 shares of the technology company’s stock worth $709,000 after buying an additional 4,582 shares during the last quarter. 11.07% of the stock is owned by institutional investors.

NetEase Price Performance

NTES stock opened at $119.48 on Monday. The business has a 50-day moving average price of $115.86 and a 200 day moving average price of $124.84. The company has a market capitalization of $76.28 billion, a P/E ratio of 15.87, a PEG ratio of 1.66 and a beta of 0.72. NetEase, Inc. has a 1-year low of $106.06 and a 1-year high of $159.55.

NetEase Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a $0.72 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.88 annualized dividend and a dividend yield of 2.4%. NetEase’s payout ratio is currently 38.11%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup reiterated a “buy” rating on shares of NetEase in a research report on Wednesday, February 11th. Wall Street Zen upgraded shares of NetEase from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Nomura dropped their price target on shares of NetEase from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Barclays cut their price target on shares of NetEase from $135.00 to $132.00 and set an “equal weight” rating on the stock in a report on Thursday, February 12th. Finally, Benchmark reissued a “buy” rating on shares of NetEase in a research report on Friday, May 22nd. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, NetEase has a consensus rating of “Moderate Buy” and a consensus price target of $157.38.

NetEase 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.