Osaic Holdings Inc. Has $2.30 Million Holdings in NetEase, Inc. $NTES

Osaic Holdings Inc. grew its stake in NetEase, Inc. (NASDAQ:NTES) by 47.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,437 shares of the technology company’s stock after acquiring an additional 5,621 shares during the period. Osaic Holdings Inc.’s holdings in NetEase were worth $2,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NTES. NewSquare Capital LLC increased its holdings in shares of NetEase by 137.2% in the second quarter. NewSquare Capital LLC now owns 185 shares of the technology company’s stock valued at $25,000 after purchasing an additional 107 shares in the last quarter. Private Trust Co. NA boosted its position in NetEase by 266.0% in the 2nd quarter. Private Trust Co. NA now owns 194 shares of the technology company’s stock valued at $26,000 after buying an additional 141 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of NetEase in the 2nd quarter valued at $30,000. Reyes Financial Architecture Inc. raised its position 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 worth $33,000 after acquiring an additional 226 shares during the last quarter. Finally, Richardson Financial Services Inc. acquired a new position in shares of NetEase during the second quarter valued at $33,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.

NetEase Stock Up 0.7%

Shares of NASDAQ NTES opened at $138.07 on Friday. NetEase, Inc. has a twelve month low of $87.67 and a twelve month high of $159.55. The stock has a market cap of $87.48 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 1.65 and a beta of 0.68. The company’s fifty day moving average is $139.88 and its 200-day moving average is $138.88.

NetEase Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, December 5th. NetEase’s payout ratio is 28.99%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. upgraded NetEase from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $138.00 to $190.00 in a research report on Friday, October 10th. The Goldman Sachs Group set a $161.00 price target on shares of NetEase and gave the stock a “buy” rating in a research report on Monday, September 15th. Citigroup restated a “buy” rating on shares of NetEase in a report on Friday, November 21st. Arete Research raised shares of NetEase from a “sell” rating to a “buy” rating and set a $150.00 target price for the company in a report on Wednesday, September 3rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $170.00 target price on shares of NetEase in a research report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $152.33.

NetEase Company Profile

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.