Cetera Investment Advisers Acquires 885 Shares of NetEase, Inc. (NASDAQ:NTES)

Cetera Investment Advisers increased its holdings in NetEase, Inc. (NASDAQ:NTES) by 21.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,993 shares of the technology company’s stock after purchasing an additional 885 shares during the quarter. Cetera Investment Advisers’ holdings in NetEase were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NTES. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of NetEase by 7,698.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,817,021 shares of the technology company’s stock worth $289,928,000 after purchasing an additional 2,780,897 shares during the last quarter. Capital World Investors grew its stake in shares of NetEase by 40.6% in the fourth quarter. Capital World Investors now owns 3,725,046 shares of the technology company’s stock worth $332,311,000 after purchasing an additional 1,074,818 shares during the last quarter. Man Group plc grew its stake in shares of NetEase by 98.0% in the fourth quarter. Man Group plc now owns 708,268 shares of the technology company’s stock worth $63,185,000 after purchasing an additional 350,578 shares during the last quarter. New York State Common Retirement Fund bought a new stake in shares of NetEase in the first quarter worth about $28,765,000. Finally, Northern Trust Corp grew its stake in shares of NetEase by 138.5% in the fourth quarter. Northern Trust Corp now owns 430,653 shares of the technology company’s stock worth $38,419,000 after purchasing an additional 250,111 shares during the last quarter. 11.07% of the stock is owned by institutional investors.

NetEase Stock Down 0.3%

Shares of NTES opened at $129.22 on Friday. The business’s 50 day moving average price is $132.01 and its 200-day moving average price is $114.98. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $141.45. The stock has a market cap of $81.87 billion, a P/E ratio of 17.49, a P/E/G ratio of 4.48 and a beta of 0.67.

NetEase Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 28th will be given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, August 28th. NetEase’s payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on NetEase in a research note on Monday, May 12th. They issued a “buy” rating and a $130.00 target price on the stock. Barclays upped their target price on NetEase from $104.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, May 16th. JPMorgan Chase & Co. downgraded NetEase from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $135.00 to $140.00 in a report on Monday, July 28th. Finally, Wall Street Zen downgraded NetEase from a “strong-buy” rating to a “buy” rating in a report on Saturday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.00.

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.