RPg Family Wealth Advisory LLC Makes New $70,000 Investment in NetEase, Inc. (NASDAQ:NTES)

RPg Family Wealth Advisory LLC acquired a new stake in shares of NetEase, Inc. (NASDAQ:NTES) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 750 shares of the technology company’s stock, valued at approximately $70,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mather Group LLC. lifted its holdings in shares of NetEase by 1,415.0% in the second quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock valued at $31,000 after purchasing an additional 283 shares in the last quarter. SYSTM Wealth Solutions LLC boosted its stake in shares of NetEase by 55.5% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock worth $31,000 after buying an additional 117 shares during the last quarter. Ariadne Wealth Management LP bought a new stake in shares of NetEase during the 2nd quarter worth approximately $35,000. Highline Wealth Partners LLC acquired a new stake in NetEase in the third quarter valued at $45,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of NetEase during the 3rd quarter worth about $76,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.

NetEase Price Performance

NASDAQ NTES opened at $86.56 on Thursday. The business’s fifty day moving average is $85.30 and its 200-day moving average is $88.33. The stock has a market capitalization of $55.59 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 3.16 and a beta of 0.57. NetEase, Inc. has a one year low of $75.85 and a one year high of $115.00.

NetEase Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.435 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.74 annualized dividend and a dividend yield of 2.01%. NetEase’s dividend payout ratio is currently 29.22%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NTES shares. Barclays reduced their price target on NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, August 26th. Citigroup upped their price target on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Benchmark dropped their price objective on shares of NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Jefferies Financial Group cut their target price on NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Finally, Bank of America decreased their price objective on shares of NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.29.

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.