West Family Investments Inc. Purchases 786 Shares of NetEase, Inc. $NTES

West Family Investments Inc. grew its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 34.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,057 shares of the technology company’s stock after acquiring an additional 786 shares during the period. West Family Investments Inc.’s holdings in NetEase were worth $411,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. NewSquare Capital LLC boosted its position in shares of NetEase by 137.2% during the 2nd quarter. NewSquare Capital LLC now owns 185 shares of the technology company’s stock valued at $25,000 after purchasing an additional 107 shares in the last quarter. Private Trust Co. NA lifted its stake in NetEase by 266.0% in the second quarter. Private Trust Co. NA now owns 194 shares of the technology company’s stock valued at $26,000 after buying an additional 141 shares during the period. USA Financial Formulas bought a new position in shares of NetEase during the 2nd quarter worth approximately $30,000. Reyes Financial Architecture Inc. grew its position in shares of NetEase by 1,189.5% during the 2nd quarter. Reyes Financial Architecture Inc. now owns 245 shares of the technology company’s stock worth $33,000 after buying an additional 226 shares during the period. Finally, Richardson Financial Services Inc. bought a new stake in shares of NetEase in the 2nd quarter valued at $33,000. 11.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NTES shares. Barclays set a $135.00 target price on shares of NetEase and gave the stock an “equal weight” rating in a research note on Friday, November 21st. Arete raised shares of NetEase from a “sell” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. upgraded NetEase from a “neutral” rating to an “overweight” rating and raised their target price for the company from $138.00 to $190.00 in a research note on Friday, October 10th. Zacks Research lowered NetEase from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Finally, Sanford C. Bernstein set a $155.00 price target on NetEase in a report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.10.

NetEase Price Performance

NASDAQ:NTES opened at $137.00 on Friday. The firm has a 50-day moving average of $144.75 and a 200-day moving average of $136.74. The company has a market cap of $86.80 billion, a PE ratio of 18.54, a PEG ratio of 1.91 and a beta of 0.65. NetEase, Inc. has a one year low of $85.94 and a one year high of $159.55.

NetEase Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, December 5th. NetEase’s payout ratio is currently 28.99%.

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.