44,254 Shares in NetEase, Inc. (NASDAQ:NTES) Bought by World Investment Advisors LLC

World Investment Advisors LLC purchased a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,254 shares of the technology company's stock, valued at approximately $4,138,000.

A number of other large investors have also added to or reduced their stakes in NTES. SYSTM Wealth Solutions LLC lifted its position in shares of NetEase by 55.5% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company's stock valued at $31,000 after buying an additional 117 shares during the last quarter. Ariadne Wealth Management LP purchased a new stake in NetEase during the second quarter valued at about $35,000. Highline Wealth Partners LLC bought a new position in NetEase during the third quarter worth about $45,000. RPg Family Wealth Advisory LLC bought a new position in NetEase during the third quarter worth about $70,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of NetEase in the third quarter worth about $76,000. Hedge funds and other institutional investors own 11.07% of the company's stock.

Analysts Set New Price Targets

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

NetEase Trading Down 0.9 %

Shares of NetEase stock traded down $0.83 on Friday, hitting $95.45. 1,277,268 shares of the company traded hands, compared to its average volume of 1,726,049. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $114.50. The company has a market cap of $61.29 billion, a P/E ratio of 16.12, a P/E/G ratio of 3.58 and a beta of 0.57. The firm's 50-day simple moving average is $85.60 and its 200 day simple moving average is $87.90.

NetEase Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.74 dividend on an annualized basis and a yield of 1.82%. NetEase's payout ratio is 29.22%.

NetEase Company 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.