Barclays PLC Has $3.47 Million Stock Position in NetEase, Inc. (NASDAQ:NTES)

Barclays PLC cut its holdings in NetEase, Inc. (NASDAQ:NTES - Free Report) by 19.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,063 shares of the technology company's stock after selling 9,189 shares during the quarter. Barclays PLC's holdings in NetEase were worth $3,465,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SYSTM Wealth Solutions LLC increased its stake in shares of NetEase by 55.5% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company's stock valued at $31,000 after acquiring an additional 117 shares during the last quarter. Ariadne Wealth Management LP acquired a new position in NetEase during the second quarter valued at approximately $35,000. Highline Wealth Partners LLC bought a new stake in NetEase in the third quarter valued at approximately $45,000. RPg Family Wealth Advisory LLC acquired a new stake in NetEase in the third quarter worth $70,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of NetEase during the third quarter worth $76,000. Institutional investors and hedge funds own 11.07% of the company's stock.

Analysts Set New Price Targets

NTES has been the subject of a number of recent analyst reports. Barclays lowered their price objective on shares of NetEase from $104.00 to $82.00 and set an "equal weight" rating for the company in a research report on Monday, August 26th. StockNews.com downgraded NetEase from a "strong-buy" rating to a "buy" rating in a report on Friday, December 6th. Benchmark cut their price objective on NetEase from $120.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Finally, Citigroup increased their target price on NetEase from $108.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $107.29.

NetEase Stock Performance

NetEase stock traded down $0.15 during midday trading on Tuesday, reaching $92.22. The stock had a trading volume of 236,216 shares, compared to its average volume of 1,700,363. The stock has a market capitalization of $59.22 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 3.53 and a beta of 0.57. The firm's fifty day simple moving average is $85.81 and its 200-day simple moving average is $87.94. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $114.50.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, November 29th. NetEase's payout ratio is 29.22%.

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.