Farther Finance Advisors LLC Sells 182 Shares of NetEase, Inc. $NTES

Farther Finance Advisors LLC cut its position in NetEase, Inc. (NASDAQ:NTES) by 18.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 804 shares of the technology company’s stock after selling 182 shares during the quarter. Farther Finance Advisors LLC’s holdings in NetEase were worth $108,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NTES. Kayne Anderson Rudnick Investment Management LLC bought a new position in NetEase in the first quarter worth about $26,000. Mather Group LLC. increased its holdings in shares of NetEase by 1,415.0% during the first quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock valued at $31,000 after acquiring an additional 283 shares in the last quarter. Reyes Financial Architecture Inc. increased its holdings in shares of NetEase by 1,189.5% during the second quarter. Reyes Financial Architecture Inc. now owns 245 shares of the technology company’s stock valued at $33,000 after acquiring an additional 226 shares in the last quarter. UMB Bank n.a. acquired a new position in shares of NetEase during the second quarter valued at about $39,000. Finally, Pinnacle Bancorp Inc. increased its holdings in shares of NetEase by 758.5% during the second quarter. Pinnacle Bancorp Inc. now owns 455 shares of the technology company’s stock valued at $61,000 after acquiring an additional 402 shares in the last quarter. 11.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NTES has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of NetEase in a report on Saturday, September 27th. JPMorgan Chase & Co. downgraded shares of NetEase from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $135.00 to $140.00 in a report on Monday, July 28th. Zacks Research downgraded shares of NetEase from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Wall Street Zen upgraded shares of NetEase from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Arete Research upgraded shares of NetEase to a “strong-buy” rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

NetEase Trading Down 1.1%

NetEase stock opened at $151.57 on Friday. NetEase, Inc. has a 12 month low of $75.88 and a 12 month high of $159.55. The stock’s 50 day simple moving average is $139.82 and its two-hundred day simple moving average is $124.82. The firm has a market cap of $96.03 billion, a PE ratio of 20.51, a P/E/G ratio of 2.04 and a beta of 0.67.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Thursday, August 28th were given a dividend of $0.675 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 1.8%. NetEase’s dividend payout ratio (DPR) is 30.72%.

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.