SG Americas Securities LLC Invests $654,000 in NetEase, Inc. (NASDAQ:NTES)

SG Americas Securities LLC bought a new position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,335 shares of the technology company's stock, valued at approximately $654,000.

Several other hedge funds have also modified their holdings of the stock. Marshall Wace LLP bought a new stake in NetEase during the 2nd quarter worth about $2,186,000. Cetera Investment Advisers grew its position in shares of NetEase by 56.8% during the 2nd quarter. Cetera Investment Advisers now owns 17,123 shares of the technology company's stock worth $1,637,000 after buying an additional 6,203 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of NetEase during the second quarter worth approximately $1,204,000. Guinness Asset Management LTD lifted its holdings in NetEase by 16.7% in the third quarter. Guinness Asset Management LTD now owns 86,741 shares of the technology company's stock valued at $8,111,000 after buying an additional 12,410 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in NetEase by 1.7% in the third quarter. Exchange Traded Concepts LLC now owns 47,245 shares of the technology company's stock valued at $4,418,000 after acquiring an additional 776 shares during the last quarter. 11.07% of the stock is owned by institutional investors.

NetEase Trading Up 0.9 %

Shares of NASDAQ:NTES traded up $0.90 during trading on Monday, hitting $103.75. 814,559 shares of the company were exchanged, compared to its average volume of 1,348,974. The stock has a market cap of $66.62 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 3.44 and a beta of 0.58. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $114.50. The firm has a fifty day moving average price of $93.98 and a two-hundred day moving average price of $88.47.

NetEase Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.435 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.68%. NetEase's payout ratio is 29.22%.

Wall Street Analyst Weigh In

Several brokerages have commented on NTES. Benchmark lowered their target price on shares of NetEase from $120.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, November 15th. StockNews.com downgraded shares of NetEase from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 6th. Citigroup lifted their price target on NetEase from $108.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Morgan Stanley raised NetEase from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $90.00 to $108.00 in a research report on Wednesday, January 8th. Finally, Bank of America lifted their target price on 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $108.71.

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.