SG Americas Securities LLC Sells 6,299 Shares of NetEase, Inc. (NTES)
SG Americas Securities LLC reduced its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 12.8% during the second quarter, Holdings Channel reports. The firm owned 42,903 shares of the technology company’s stock after selling 6,299 shares during the period. SG Americas Securities LLC’s holdings in NetEase were worth $12,898,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of NetEase by 1,571.4% in the first quarter. BlackRock Inc. now owns 5,039,176 shares of the technology company’s stock valued at $1,431,127,000 after buying an additional 4,737,686 shares during the period. FMR LLC boosted its stake in shares of NetEase by 165.4% in the first quarter. FMR LLC now owns 1,328,919 shares of the technology company’s stock valued at $377,413,000 after buying an additional 828,139 shares during the period. Credit Agricole S A boosted its stake in shares of NetEase by 19.2% in the first quarter. Credit Agricole S A now owns 4,395,661 shares of the technology company’s stock valued at $1,248,368,000 after buying an additional 709,148 shares during the period. Fisher Asset Management LLC boosted its stake in shares of NetEase by 142.3% in the second quarter. Fisher Asset Management LLC now owns 839,739 shares of the technology company’s stock valued at $252,451,000 after buying an additional 493,209 shares during the period. Finally, Boston Partners boosted its stake in shares of NetEase by 29.3% in the second quarter. Boston Partners now owns 1,210,207 shares of the technology company’s stock valued at $363,824,000 after buying an additional 273,924 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.
NetEase, Inc. (NASDAQ:NTES) opened at 276.07 on Wednesday. NetEase, Inc. has a one year low of $199.01 and a one year high of $337.55.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 25th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, August 23rd. NetEase’s dividend payout ratio is currently 24.73%.
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Several equities research analysts recently issued reports on NTES shares. Benchmark Co. started coverage on NetEase in a research note on Tuesday, April 18th. They issued a “buy” rating and a $325.00 price target for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $300.00 price target on shares of NetEase in a research note on Wednesday, April 26th. BidaskClub cut NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Deutsche Bank AG reiterated a “buy” rating and issued a $343.00 price target (up from $300.00) on shares of NetEase in a research note on Tuesday, July 25th. Finally, Nomura restated a “hold” rating and set a $297.00 target price (down from $305.00) on shares of NetEase in a research note on Thursday, May 11th. Four analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $301.90.
NetEase Company Profile
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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