NetEase, Inc. (NASDAQ:NTES) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its stake in NetEase, Inc. (NASDAQ:NTES) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,855 shares of the technology company’s stock after selling 1,047 shares during the period. Inspire Investing LLC’s holdings in NetEase were worth $942,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mather Group LLC. grew its position in 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 acquiring an additional 283 shares in the last quarter. SYSTM Wealth Solutions LLC grew its holdings in NetEase by 55.5% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock valued at $31,000 after purchasing an additional 117 shares in the last quarter. UMB Bank n.a. purchased a new stake in NetEase during the 1st quarter worth $50,000. ORG Partners LLC acquired a new position in NetEase in the 1st quarter worth $50,000. Finally, AdvisorNet Financial Inc boosted its position in NetEase by 39.6% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,400 shares of the technology company’s stock valued at $134,000 after buying an additional 397 shares during the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Price Performance

Shares of NTES opened at $78.90 on Friday. The stock 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 business’s fifty day moving average price is $85.89 and its 200 day moving average price is $93.17. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $118.89.

NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $10.43. NetEase had a net margin of 26.98% and a return on equity of 22.30%. The company had revenue of $25.49 billion for the quarter, compared to the consensus estimate of $26.01 billion. During the same period last year, the firm posted $1.75 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts anticipate that NetEase, Inc. will post 6.05 earnings per share for the current fiscal 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. The ex-dividend date was Friday, September 6th. This represents a $1.74 dividend on an annualized basis and a yield of 2.21%. NetEase’s payout ratio is currently 26.82%.

Wall Street Analyst Weigh In

NTES has been the topic of a number of analyst reports. Benchmark lifted their target price on NetEase from $144.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Morgan Stanley reissued an “equal weight” rating and set a $100.00 price target on shares of NetEase in a research report on Friday, July 5th. Jefferies Financial Group cut their price target on shares of NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Finally, Bank of America reduced their price objective on shares of NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NetEase currently has an average rating of “Moderate Buy” and a consensus price target of $112.67.

NetEase Company 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.