NetEase, Inc. $NTES Shares Sold by Advyzon Investment Management LLC

Advyzon Investment Management LLC lessened its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 35.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,397 shares of the technology company’s stock after selling 4,622 shares during the quarter. Advyzon Investment Management LLC’s holdings in NetEase were worth $1,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. NewSquare Capital LLC grew its stake 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 buying an additional 107 shares in the last quarter. Private Trust Co. NA lifted its position in NetEase by 266.0% during the 2nd quarter. Private Trust Co. NA now owns 194 shares of the technology company’s stock worth $26,000 after acquiring an additional 141 shares in the last quarter. Cornerstone Planning Group LLC purchased a new position in NetEase in the 3rd quarter worth approximately $33,000. Spire Wealth Management grew its position in NetEase by 159.6% in the second quarter. Spire Wealth Management now owns 257 shares of the technology company’s stock valued at $35,000 after acquiring an additional 158 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in NetEase in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Price Performance

Shares of NTES opened at $118.41 on Friday. NetEase, Inc. has a 12 month low of $88.54 and a 12 month high of $159.55. The stock has a fifty day moving average price of $132.84 and a 200 day moving average price of $138.68. The company has a market cap of $75.02 billion, a P/E ratio of 16.13, a PEG ratio of 1.50 and a beta of 0.71.

NetEase Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 16th will be issued a $1.16 dividend. This is a boost from NetEase’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, March 16th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.9%. NetEase’s dividend payout ratio is 30.93%.

Wall Street Analysts Forecast Growth

NTES has been the topic of a number of recent research reports. Sanford C. Bernstein set a $155.00 target price on shares of NetEase in a research report on Friday, November 21st. Benchmark reaffirmed a “buy” rating on shares of NetEase in a research report on Thursday, February 12th. Nomura reduced their target price on NetEase from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Barclays dropped their price target on shares of NetEase from $135.00 to $132.00 and set an “equal weight” rating for the company in a research note on Thursday, February 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NetEase in a research note on Monday, December 22nd. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, NetEase presently has an average rating of “Moderate Buy” and a consensus target price of $155.67.

About NetEase

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.