NetEase, Inc. $NTES Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 64.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,497 shares of the technology company’s stock after selling 6,425 shares during the period. Yousif Capital Management LLC’s holdings in NetEase were worth $471,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NTES. Ninety One UK Ltd increased its stake in NetEase by 2.2% in the 2nd quarter. Ninety One UK Ltd now owns 6,267,769 shares of the technology company’s stock valued at $843,516,000 after purchasing an additional 134,967 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted 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 acquiring an additional 2,780,897 shares in the last quarter. Dodge & Cox boosted its holdings in NetEase by 5.8% in the first quarter. Dodge & Cox now owns 2,803,664 shares of the technology company’s stock valued at $288,553,000 after purchasing an additional 153,788 shares during the last quarter. Hhlr Advisors LTD. boosted its holdings in NetEase by 3.1% in the first quarter. Hhlr Advisors LTD. now owns 2,668,697 shares of the technology company’s stock valued at $274,662,000 after purchasing an additional 79,754 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in NetEase by 111.7% during the first quarter. Wellington Management Group LLP now owns 1,988,541 shares of the technology company’s stock valued at $204,661,000 after purchasing an additional 1,049,023 shares during the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Price Performance

Shares of NASDAQ NTES opened at $147.11 on Friday. NetEase, Inc. has a fifty-two week low of $75.88 and a fifty-two week high of $159.55. The business has a fifty day moving average price of $145.06 and a two-hundred day moving average price of $129.48. The stock has a market capitalization of $93.21 billion, a PE ratio of 19.91, a P/E/G ratio of 1.92 and a beta of 0.67.

NetEase Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently commented on the company. Arete upgraded NetEase from a “sell” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Wednesday, September 3rd. The Goldman Sachs Group set a $161.00 target price on NetEase and gave the stock a “buy” rating in a research report on Monday, September 15th. Wall Street Zen raised NetEase from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Barclays set a $120.00 target price on NetEase and gave the stock an “equal weight” rating in a research report on Monday, August 18th. Finally, Arete Research raised NetEase to a “strong-buy” rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $142.30.

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.