NetEase, Inc. (NASDAQ:NTES) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 2,174,612 shares, an increase of 30.3% from the July 14th total of 1,669,003 shares. Based on an average trading volume of 990,129 shares, the short-interest ratio is presently 2.2 days.

Several analysts recently weighed in on the stock. CLSA cut shares of NetEase from an “outperform” rating to an “underperform” rating in a report on Thursday, August 10th. BidaskClub upgraded shares of NetEase from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Deutsche Bank AG reiterated a “buy” rating and issued a $343.00 price target (up previously from $300.00) on shares of NetEase in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating and set a $346.00 price target on the stock in a report on Wednesday, July 12th. Finally, Standpoint Research cut shares of NetEase from a “buy” rating to a “reduce” rating and lifted their price target for the company from $345.00 to $360.00 in a report on Wednesday, June 7th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $301.90.

Shares of NetEase (NTES) opened at 276.07 on Wednesday. NetEase has a one year low of $199.01 and a one year high of $337.55.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 25th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, August 23rd. NetEase’s payout ratio is 24.73%.

Several institutional investors have recently bought and sold shares of NTES. Assetmark Inc. increased its position in NetEase by 51.0% in the first quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock worth $104,000 after buying an additional 124 shares during the last quarter. IFP Advisors Inc increased its position in NetEase by 21.4% in the second quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock worth $118,000 after buying an additional 69 shares during the last quarter. PNC Financial Services Group Inc. increased its position in NetEase by 22.4% in the second quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock worth $161,000 after buying an additional 98 shares during the last quarter. Howe & Rusling Inc. increased its position in NetEase by 7.2% in the first quarter. Howe & Rusling Inc. now owns 715 shares of the technology company’s stock worth $203,000 after buying an additional 48 shares during the last quarter. Finally, Mariner Wealth Advisors LLC purchased a new position in NetEase during the second quarter worth about $203,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/08/16/short-interest-in-netease-inc-ntes-expands-by-30-3.html.

NetEase Company Profile

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.

Receive News & Stock Ratings for NetEase Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase Inc. and related stocks with our FREE daily email newsletter.