Lenox Wealth Management Inc. increased its stake in NetEase Inc (NASDAQ:NTES) by 38.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,954 shares of the technology company’s stock after acquiring an additional 540 shares during the period. Lenox Wealth Management Inc.’s holdings in NetEase were worth $515,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTES. IFP Advisors Inc grew 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 acquiring an additional 69 shares in the last quarter. PNC Financial Services Group Inc. grew 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 acquiring an additional 98 shares in the last quarter. Mariner Wealth Advisors LLC purchased a new position in NetEase in the second quarter worth about $203,000. Hikari Power Ltd purchased a new position in NetEase in the second quarter worth about $210,000. Finally, Yorktown Management & Research Co Inc purchased a new position in NetEase in the second quarter worth about $210,000. Institutional investors own 50.54% of the company’s stock.

Shares of NetEase Inc (NTES) opened at $318.28 on Thursday. NetEase Inc has a 12 month low of $211.11 and a 12 month high of $375.10. The firm has a market cap of $42,006.80, a P/E ratio of 21.17, a PEG ratio of 1.78 and a beta of 0.93.

NetEase announced that its board has authorized a stock buyback plan on Wednesday, November 15th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.717 per share. This represents a $2.87 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, November 30th. NetEase’s dividend payout ratio is presently 25.09%.

Several research analysts recently commented on the company. Vetr lowered NetEase from a “buy” rating to a “hold” rating and set a $323.68 price target for the company. in a research report on Monday, November 20th. Nomura upgraded NetEase from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $297.00 to $428.00 in a research report on Friday, November 17th. Zacks Investment Research lowered NetEase from a “hold” rating to a “sell” rating in a research report on Wednesday, November 22nd. Barclays boosted their target price on NetEase from $260.00 to $320.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 21st. Finally, Jefferies Group restated a “hold” rating and set a $302.00 target price on shares of NetEase in a research report on Friday, November 17th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $326.95.

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NetEase 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.

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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