Signaturefd LLC Sells 275 Shares of NetEase, Inc. (NASDAQ:NTES)

Signaturefd LLC trimmed its holdings in NetEase, Inc. (NASDAQ:NTES) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,835 shares of the technology company’s stock after selling 275 shares during the period. Signaturefd LLC’s holdings in NetEase were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Capital World Investors boosted its holdings in shares of NetEase by 40.6% during the 4th quarter. Capital World Investors now owns 3,725,046 shares of the technology company’s stock valued at $332,311,000 after acquiring an additional 1,074,818 shares in the last quarter. Lazard Asset Management LLC raised its holdings in NetEase by 2.0% during the 4th quarter. Lazard Asset Management LLC now owns 3,599,794 shares of the technology company’s stock valued at $321,137,000 after acquiring an additional 69,789 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of NetEase by 7,698.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,817,021 shares of the technology company’s stock worth $289,928,000 after purchasing an additional 2,780,897 shares during the period. Dodge & Cox grew its stake in shares of NetEase by 0.6% during the fourth quarter. Dodge & Cox now owns 2,649,876 shares of the technology company’s stock valued at $236,395,000 after buying an additional 15,900 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of NetEase by 88.0% during the fourth quarter. Invesco Ltd. now owns 2,365,464 shares of the technology company’s stock worth $211,023,000 after purchasing an additional 1,107,363 shares during the period. 11.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on NTES. Deutsche Bank Aktiengesellschaft began coverage on shares of NetEase in a research report on Monday, May 12th. They issued a “buy” rating and a $130.00 target price for the company. Wall Street Zen raised shares of NetEase from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 22nd. Barclays boosted their price target on shares of NetEase from $104.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of NetEase from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, May 19th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NetEase presently has a consensus rating of “Buy” and an average price target of $119.38.

NetEase Trading Up 0.4%

Shares of NASDAQ:NTES opened at $133.19 on Friday. The stock has a market capitalization of $84.39 billion, a P/E ratio of 19.16, a P/E/G ratio of 4.62 and a beta of 0.69. The business has a 50-day moving average price of $126.57 and a two-hundred day moving average price of $109.54. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $135.32.

NetEase Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Friday, May 30th. NetEase’s dividend payout ratio (DPR) is presently 38.71%.

NetEase Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.