Traders Sell NetEase Inc (NTES) on Strength (NTES)
Investors sold shares of NetEase Inc (NASDAQ:NTES) on strength during trading hours on Friday. $104.58 million flowed into the stock on the tick-up and $272.88 million flowed out of the stock on the tick-down, for a money net flow of $168.30 million out of the stock. Of all companies tracked, NetEase had the 16th highest net out-flow for the day. NetEase traded up $2.57 for the day and closed at $271.07
Several research analysts recently commented on the stock. Vetr downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 target price on the stock. in a report on Monday, May 22nd. Jefferies Group LLC restated a “buy” rating and set a $330.00 price objective on shares of NetEase in a report on Monday, May 22nd. Standpoint Research downgraded shares of NetEase from a “buy” rating to a “reduce” rating and boosted their price objective for the stock from $345.00 to $360.00 in a report on Wednesday, June 7th. BidaskClub upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Finally, Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 price objective on the stock in a report on Wednesday, July 12th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $306.40.
The firm has a market cap of $35.73 billion, a price-to-earnings ratio of 17.78 and a beta of 0.96. The firm’s 50 day moving average is $283.24 and its 200 day moving average is $288.75.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 25th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, August 23rd. NetEase’s dividend payout ratio is 25.07%.
A number of hedge funds have recently added to or reduced their stakes in NTES. IFP Advisors Inc increased its holdings in NetEase by 21.4% in the 2nd quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock valued at $118,000 after buying an additional 69 shares during the period. PNC Financial Services Group Inc. increased its holdings in NetEase by 22.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock valued at $161,000 after buying an additional 98 shares during the period. Mariner Wealth Advisors LLC bought a new position in NetEase in the 2nd quarter valued at about $203,000. Private Advisory Group LLC bought a new position in NetEase in the 1st quarter valued at about $205,000. Finally, Huntington National Bank increased its holdings in NetEase by 84.7% in the 2nd quarter. Huntington National Bank now owns 700 shares of the technology company’s stock valued at $210,000 after buying an additional 321 shares during the period. 50.38% of the stock is currently owned by hedge funds and other institutional investors.
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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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