NetEase, Inc. $NTES Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lessened its holdings in NetEase, Inc. (NASDAQ:NTES) by 59.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,250 shares of the technology company’s stock after selling 10,493 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in NetEase were worth $1,102,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Spire Wealth Management boosted its stake in NetEase by 29.2% in the 3rd quarter. Spire Wealth Management now owns 332 shares of the technology company’s stock worth $50,000 after purchasing an additional 75 shares in the last quarter. Bridgewater Advisors Inc. raised its position in shares of NetEase by 3.3% in the second quarter. Bridgewater Advisors Inc. now owns 2,527 shares of the technology company’s stock worth $332,000 after acquiring an additional 80 shares during the period. Venturi Wealth Management LLC boosted its stake in NetEase by 3.5% during the 2nd quarter. Venturi Wealth Management LLC now owns 2,527 shares of the technology company’s stock worth $340,000 after purchasing an additional 86 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in NetEase by 7.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,501 shares of the technology company’s stock valued at $228,000 after purchasing an additional 101 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in shares of NetEase by 4.6% during the second quarter. Checchi Capital Advisers LLC now owns 2,347 shares of the technology company’s stock worth $316,000 after buying an additional 103 shares during the period. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Stock Up 1.4%

NTES stock opened at $137.97 on Monday. The company has a market cap of $87.42 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 1.54 and a beta of 0.67. NetEase, Inc. has a 12-month low of $88.54 and a 12-month high of $159.55. The company has a 50 day moving average of $139.12 and a two-hundred day moving average of $139.93.

NetEase Cuts Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NTES shares. Weiss Ratings reissued a “hold (c)” rating on shares of NetEase in a report on Monday, December 22nd. Benchmark lifted their target price on shares of NetEase from $145.00 to $158.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Citigroup reaffirmed a “buy” rating on shares of NetEase in a research report on Friday, November 21st. Morgan Stanley reiterated an “overweight” rating and issued a $170.00 target price on shares of NetEase in a research note on Wednesday, October 8th. Finally, Barclays set a $135.00 price target on shares of NetEase and gave the company an “equal weight” rating in a report on Friday, November 21st. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.13.

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.