Profund Advisors LLC Has $2.09 Million Stake in NetEase, Inc. (NASDAQ:NTES)

Profund Advisors LLC trimmed its position in NetEase, Inc. (NASDAQ:NTES) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,842 shares of the technology company’s stock after selling 422 shares during the quarter. Profund Advisors LLC’s holdings in NetEase were worth $2,088,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NTES. Mather Group LLC. raised its stake in shares of NetEase by 1,415.0% in the second quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock valued at $31,000 after purchasing an additional 283 shares in the last quarter. SYSTM Wealth Solutions LLC grew its position in NetEase by 55.5% in the second quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock valued at $31,000 after acquiring an additional 117 shares during the period. UMB Bank n.a. bought a new stake in NetEase in the first quarter valued at $50,000. ORG Partners LLC bought a new stake in NetEase in the first quarter valued at $50,000. Finally, AdvisorNet Financial Inc grew its position in NetEase by 39.6% in the second quarter. AdvisorNet Financial Inc now owns 1,400 shares of the technology company’s stock valued at $134,000 after acquiring an additional 397 shares during the period. 11.07% of the stock is currently owned by institutional investors and hedge funds.

NetEase Stock Down 0.7 %

Shares of NTES opened at $78.90 on Monday. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $118.89. The firm has a market capitalization of $50.67 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 1.72 and a beta of 0.54. The stock’s fifty day simple moving average is $85.89 and its 200-day simple moving average is $93.01.

NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $10.43. NetEase had a return on equity of 22.30% and a net margin of 26.98%. The business had revenue of $25.49 billion for the quarter, compared to analyst estimates of $26.01 billion. During the same quarter in the prior year, the firm posted $1.75 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts anticipate that NetEase, Inc. will post 6.05 EPS for the current year.

NetEase Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were paid a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 2.21%. The ex-dividend date was Friday, September 6th. NetEase’s payout ratio is 26.82%.

Analysts Set New Price Targets

A number of analysts have weighed in on NTES shares. Bank of America lowered their price target on NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Barclays decreased their target price on NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, August 26th. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 20th. Jefferies Financial Group decreased their target price on NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Finally, Morgan Stanley restated an “equal weight” rating and set a $100.00 target price on shares of NetEase in a report on Friday, July 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $112.67.

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.