NetEase Inc. (NASDAQ:NTES) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 865,703 shares, a decline of 34.3% from the October 31st total of 1,316,763 shares. Based on an average daily trading volume, of 1,882,830 shares, the short-interest ratio is currently 0.5 days.

A number of equities research analysts recently weighed in on the company. CICC Research upgraded NetEase to a “buy” rating and set a $345.00 target price on the stock in a research report on Wednesday, October 12th. T.H. Capital restated a “buy” rating and set a $297.00 target price (up previously from $227.00) on shares of NetEase in a research report on Thursday, October 13th. Vetr upgraded NetEase from a “buy” rating to a “strong-buy” rating and set a $294.91 target price on the stock in a research report on Tuesday, November 1st. Morgan Stanley upped their price target on NetEase from $195.00 to $233.00 and gave the stock an “overweight” rating in a research note on Thursday, November 10th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $245.00 price target on shares of NetEase in a research note on Thursday, November 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. NetEase has an average rating of “Buy” and a consensus target price of $257.61.

Shares of NetEase (NASDAQ:NTES) opened at 230.04 on Wednesday. The company has a 50 day moving average price of $0.00 and a 200-day moving average price of $0.00. NetEase has a 12 month low of $129.60 and a 12 month high of $272.58.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 25th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.36%. NetEase’s dividend payout ratio is currently 25.15%.

Hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. boosted its position in NetEase by 0.3% in the third quarter. American International Group Inc. now owns 4,396 shares of the company’s stock worth $1,058,000 after buying an additional 13 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in NetEase by 1.4% in the third quarter. HBK Sorce Advisory LLC now owns 1,216 shares of the company’s stock worth $293,000 after buying an additional 17 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in NetEase by 1.7% in the third quarter. Ameritas Investment Partners Inc. now owns 1,371 shares of the company’s stock worth $330,000 after buying an additional 23 shares during the last quarter. 1st Global Advisors Inc. boosted its position in NetEase by 2.6% in the second quarter. 1st Global Advisors Inc. now owns 1,950 shares of the company’s stock worth $377,000 after buying an additional 49 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in NetEase by 2.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,878 shares of the company’s stock worth $693,000 after buying an additional 58 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

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About NetEase

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

5 Day Chart for NASDAQ:NTES

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