Crossmark Global Holdings Inc. Sells 76,662 Shares of NetEase, Inc. (NASDAQ:NTES)

Crossmark Global Holdings Inc. decreased its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 74.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,563 shares of the technology company's stock after selling 76,662 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in NetEase were worth $2,369,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NTES. Brooklyn Investment Group bought a new stake in NetEase in the 4th quarter valued at about $34,000. Ariadne Wealth Management LP acquired a new stake in shares of NetEase in the second quarter valued at approximately $35,000. UMB Bank n.a. boosted its stake in shares of NetEase by 33.3% in the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock valued at $40,000 after buying an additional 111 shares during the period. Highline Wealth Partners LLC acquired a new stake in NetEase during the third quarter worth approximately $45,000. Finally, RPg Family Wealth Advisory LLC bought a new position in NetEase during the 3rd quarter worth $70,000. Institutional investors own 11.07% of the company's stock.

Wall Street Analysts Forecast Growth

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

NetEase Trading Up 3.8 %

NetEase stock traded up $3.73 during mid-day trading on Friday, reaching $103.18. The company had a trading volume of 1,195,838 shares, compared to its average volume of 1,498,841. The business has a fifty day simple moving average of $92.08 and a 200 day simple moving average of $88.09. The company has a market cap of $66.26 billion, a P/E ratio of 17.43, a P/E/G ratio of 3.33 and a beta of 0.57. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $114.50.

NetEase Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.435 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.74 annualized dividend and a yield of 1.69%. NetEase's dividend payout ratio is presently 29.22%.

About NetEase

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.