Natixis Advisors LLC Sells 5,790 Shares of NetEase, Inc. $NTES

Natixis Advisors LLC lowered its position in NetEase, Inc. (NASDAQ:NTES) by 6.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,790 shares of the technology company’s stock after selling 5,790 shares during the period. Natixis Advisors LLC’s holdings in NetEase were worth $12,431,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in NetEase by 19.3% in the third quarter. Smartleaf Asset Management LLC now owns 457 shares of the technology company’s stock valued at $69,000 after acquiring an additional 74 shares during the period. Spire Wealth Management raised its position in shares of NetEase by 29.2% during the third quarter. Spire Wealth Management now owns 332 shares of the technology company’s stock worth $50,000 after purchasing an additional 75 shares during the period. Hardy Reed LLC lifted its holdings in shares of NetEase by 0.9% during the 3rd quarter. Hardy Reed LLC now owns 8,538 shares of the technology company’s stock valued at $1,298,000 after purchasing an additional 79 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of NetEase by 7.2% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,501 shares of the technology company’s stock valued at $228,000 after purchasing an additional 101 shares in the last quarter. Finally, Frank Rimerman Advisors LLC grew its position in shares of NetEase by 1.6% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 6,422 shares of the technology company’s stock valued at $864,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 11.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on NTES. Citigroup restated a “buy” rating on shares of NetEase in a report on Wednesday, February 11th. Nomura reduced their price target on shares of NetEase from $160.00 to $155.00 and set a “buy” rating for the company in a report on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of NetEase in a research report on Monday, December 22nd. Morgan Stanley restated an “overweight” rating and set a $154.00 price objective on shares of NetEase in a report on Monday, March 2nd. Finally, Barclays cut their price objective on shares of NetEase from $135.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, NetEase currently has a consensus rating of “Moderate Buy” and an average target price of $153.89.

NetEase Price Performance

Shares of NTES stock opened at $116.27 on Friday. The company has a fifty day moving average price of $126.88 and a two-hundred day moving average price of $137.27. NetEase, Inc. has a one year low of $88.54 and a one year high of $159.55. The stock has a market cap of $73.67 billion, a P/E ratio of 15.84, a P/E/G ratio of 1.47 and a beta of 0.74.

NetEase Increases Dividend

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

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.