Natixis Advisors LLC Has $12.43 Million Stake in NetEase, Inc. $NTES

Natixis Advisors LLC reduced its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 6.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 81,790 shares of the technology company’s stock after selling 5,790 shares during the quarter. Natixis Advisors LLC’s holdings in NetEase were worth $12,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Smartleaf Asset Management LLC raised its stake in NetEase by 19.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 457 shares of the technology company’s stock valued at $69,000 after acquiring an additional 74 shares during the period. Spire Wealth Management boosted its position in NetEase by 29.2% during the third quarter. Spire Wealth Management now owns 332 shares of the technology company’s stock worth $50,000 after purchasing an additional 75 shares during the period. Hardy Reed LLC boosted its position in NetEase by 0.9% during the third quarter. Hardy Reed LLC now owns 8,538 shares of the technology company’s stock worth $1,298,000 after purchasing an additional 79 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of NetEase by 7.2% in the third 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, Frank Rimerman Advisors LLC increased its holdings in shares of NetEase by 1.6% in the second quarter. Frank Rimerman Advisors LLC now owns 6,422 shares of the technology company’s stock valued at $864,000 after purchasing an additional 104 shares during the last quarter. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Trading Up 0.9%

Shares of NetEase stock opened at $116.27 on Friday. The company has a market cap of $73.67 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 1.47 and a beta of 0.74. The company has a 50 day moving average of $126.88 and a 200-day moving average of $137.27. NetEase, Inc. has a 1-year low of $88.54 and a 1-year high of $159.55.

NetEase Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 16th will be paid a dividend of $1.16 per share. The ex-dividend date is Monday, March 16th. This is a boost from NetEase’s previous quarterly dividend of $0.57. This represents a $4.64 annualized dividend and a yield of 4.0%. NetEase’s dividend payout ratio is currently 30.93%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NTES. Barclays cut their target price 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. Citigroup reiterated a “buy” rating on shares of NetEase in a research note on Wednesday, February 11th. Weiss Ratings reissued a “hold (c)” rating on shares of NetEase in a report on Monday, December 22nd. Benchmark restated a “buy” rating on shares of NetEase in a research report on Thursday, February 12th. Finally, Sanford C. Bernstein set a $155.00 price objective on NetEase in a report on Friday, November 21st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $153.89.

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.