Advisory Research Inc. Decreases Holdings in NetEase Inc (NTES)

Advisory Research Inc. reduced its stake in NetEase Inc (NASDAQ:NTES) by 56.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,777 shares of the technology company’s stock after selling 3,600 shares during the period. Advisory Research Inc.’s holdings in NetEase were worth $958,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. TT International acquired a new position in shares of NetEase in the third quarter valued at $17,715,000. AXA increased its holdings in shares of NetEase by 5.9% in the third quarter. AXA now owns 32,431 shares of the technology company’s stock valued at $8,555,000 after purchasing an additional 1,820 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of NetEase by 9.5% in the third quarter. First Trust Advisors LP now owns 319,517 shares of the technology company’s stock valued at $84,292,000 after purchasing an additional 27,771 shares during the last quarter. Stifel Financial Corp grew its stake in shares of NetEase by 25.9% in the second quarter. Stifel Financial Corp now owns 3,032 shares of the technology company’s stock valued at $919,000 after acquiring an additional 624 shares in the last quarter. Finally, Fox Run Management L.L.C. grew its stake in shares of NetEase by 228.6% in the third quarter. Fox Run Management L.L.C. now owns 2,300 shares of the technology company’s stock valued at $607,000 after acquiring an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 48.15% of the company’s stock.

NTES has been the topic of several research reports. UBS Group downgraded shares of NetEase from a “buy” rating to a “neutral” rating in a research note on Monday, October 30th. Vetr downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $313.68 price target on the stock. in a research note on Monday, November 6th. ValuEngine upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. CLSA downgraded shares of NetEase from an “underperform” rating to a “sell” rating and set a $283.00 price objective on the stock. in a research note on Thursday, November 16th. Finally, Citigroup reiterated a “buy” rating and set a $351.00 price objective on shares of NetEase in a research note on Thursday, November 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $349.14.

NetEase Inc (NTES) opened at $307.44 on Monday. The company has a market cap of $40,610.00, a PE ratio of 24.17, a PEG ratio of 1.76 and a beta of 0.75. NetEase Inc has a fifty-two week low of $253.20 and a fifty-two week high of $377.64.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 23rd will be issued a $0.38 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.49%. NetEase’s dividend payout ratio (DPR) is currently 28.54%.

NetEase declared that its board has approved a share repurchase program on Wednesday, November 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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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.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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