NetEase, Inc. (NASDAQ:NTES) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 63.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,064 shares of the technology company's stock after selling 49,519 shares during the quarter. Natixis Advisors LLC's holdings in NetEase were worth $2,624,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. increased its holdings in 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 buying an additional 283 shares in the last quarter. 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 purchasing an additional 117 shares in the last quarter. Ariadne Wealth Management LP purchased a new position in shares of NetEase in the 2nd quarter valued at about $35,000. Highline Wealth Partners LLC acquired a new position in NetEase in the 3rd quarter worth about $45,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in NetEase during the third quarter worth approximately $76,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

NetEase Price Performance

NetEase stock traded down $1.05 during trading on Monday, reaching $85.40. 1,633,417 shares of the company were exchanged, compared to its average volume of 1,745,627. The stock's 50 day simple moving average is $84.75 and its two-hundred day simple moving average is $88.52. The company has a market capitalization of $54.84 billion, a P/E ratio of 14.56, a PEG ratio of 3.27 and a beta of 0.57. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $115.10.

NetEase (NASDAQ:NTES - Get Free Report) last announced its quarterly earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share for the quarter, beating the consensus estimate of $1.62 by $10.43. NetEase had a net margin of 26.02% and a return on equity of 20.82%. The firm had revenue of $25.49 billion for the quarter, compared to analysts' expectations of $26.01 billion. During the same quarter in the previous year, the company posted $1.75 EPS. The company's revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts forecast that NetEase, Inc. will post 6.08 earnings per share for the current year.

NetEase Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.74 annualized dividend and a dividend yield of 2.04%. NetEase's dividend payout ratio (DPR) is 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.