NetEase, Inc. (NASDAQ:NTES) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC cut its position in NetEase, Inc. (NASDAQ:NTES) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,456 shares of the technology company’s stock after selling 337 shares during the quarter. Harbor Investment Advisory LLC’s holdings in NetEase were worth $844,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTES. UMB Bank n.a. raised its stake in shares of NetEase by 33.3% during the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after purchasing an additional 111 shares in the last quarter. State Street Corp increased its stake in NetEase by 0.3% during the 3rd quarter. State Street Corp now owns 56,729 shares of the technology company’s stock valued at $5,305,000 after buying an additional 156 shares during the period. Financial Advocates Investment Management raised its position in shares of NetEase by 5.4% during the 3rd quarter. Financial Advocates Investment Management now owns 4,647 shares of the technology company’s stock worth $435,000 after buying an additional 237 shares in the last quarter. Brandes Investment Partners LP lifted its stake in shares of NetEase by 1.2% in the 2nd quarter. Brandes Investment Partners LP now owns 20,880 shares of the technology company’s stock worth $2,000,000 after acquiring an additional 248 shares during the period. Finally, Financial Counselors Inc. boosted its holdings in shares of NetEase by 8.0% in the third quarter. Financial Counselors Inc. now owns 3,404 shares of the technology company’s stock valued at $318,000 after acquiring an additional 252 shares in the last quarter. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Stock Up 1.0 %

NASDAQ:NTES opened at $100.71 on Wednesday. The stock has a fifty day simple moving average of $90.87 and a 200 day simple moving average of $87.87. The firm has a market capitalization of $64.67 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $114.50.

NetEase Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Friday, November 29th. NetEase’s payout ratio is 29.22%.

Wall Street Analyst Weigh In

NTES has been the topic of several recent analyst reports. Morgan Stanley raised NetEase from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $90.00 to $108.00 in a report on Wednesday, January 8th. Citigroup boosted their price objective on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Bank of America raised their target price on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Finally, Benchmark reduced their price objective on shares of NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.71.

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.