Natixis Advisors LLC Sells 32,238 Shares of NetEase, Inc. $NTES

Natixis Advisors LLC reduced its stake in NetEase, Inc. (NASDAQ:NTES) by 39.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,552 shares of the technology company’s stock after selling 32,238 shares during the quarter. Natixis Advisors LLC’s holdings in NetEase were worth $6,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in NetEase by 3,381.8% in the second quarter. Smartleaf Asset Management LLC now owns 383 shares of the technology company’s stock worth $51,000 after buying an additional 372 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of NetEase by 7,480.0% during the 4th quarter. Harbour Investments Inc. now owns 379 shares of the technology company’s stock valued at $52,000 after buying an additional 374 shares in the last quarter. Spire Wealth Management lifted its position in shares of NetEase by 31.3% during the 4th quarter. Spire Wealth Management now owns 436 shares of the technology company’s stock valued at $60,000 after buying an additional 104 shares in the last quarter. Strs Ohio bought a new position in shares of NetEase during the 1st quarter valued at approximately $63,000. Finally, Brown Brothers Harriman & Co. grew its stake in shares of NetEase by 479.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 429 shares of the technology company’s stock valued at $65,000 after acquiring an additional 355 shares during the period. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

NetEase Price Performance

NASDAQ:NTES opened at $119.48 on Monday. NetEase, Inc. has a 1 year low of $106.06 and a 1 year high of $159.55. The stock’s 50 day simple moving average is $115.86 and its two-hundred day simple moving average is $124.84. The company has a market cap of $76.28 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.66 and a beta of 0.72.

NetEase Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, June 5th. NetEase’s payout ratio is currently 38.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Citigroup restated a “buy” rating on shares of NetEase in a research note on Wednesday, February 11th. Wall Street Zen upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Morgan Stanley reissued an “overweight” rating and issued a $158.00 price objective on shares of NetEase in a research note on Tuesday, May 26th. Nomura decreased their price objective on shares of NetEase from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Finally, Barclays dropped their target price on shares of NetEase from $135.00 to $132.00 and set an “equal weight” rating for the company in a report on Thursday, February 12th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.38.

About NetEase

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.