Natixis Advisors LLC Lowers Holdings in NetEase, Inc. (NASDAQ:NTES)

Natixis Advisors LLC trimmed its position in shares of NetEase, Inc. (NASDAQ:NTES) by 63.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,064 shares of the technology company’s stock after selling 49,519 shares during the quarter. Natixis Advisors LLC’s holdings in NetEase were worth $2,624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. 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 worth $31,000 after purchasing an additional 283 shares during the last quarter. SYSTM Wealth Solutions LLC increased its holdings in NetEase by 55.5% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock worth $31,000 after buying an additional 117 shares in the last quarter. Ariadne Wealth Management LP purchased a new position in NetEase in the 2nd quarter worth about $35,000. Highline Wealth Partners LLC bought a new position in NetEase during the 3rd quarter valued at about $45,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of NetEase during the 3rd quarter valued at about $76,000. 11.07% of the stock is currently owned by institutional investors.

NetEase Price Performance

Shares of NASDAQ NTES opened at $86.45 on Monday. The stock has a market cap of $55.51 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 3.35 and a beta of 0.57. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $115.43. The firm has a fifty day moving average price of $84.75 and a 200-day moving average price of $88.52.

NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Thursday, August 22nd. The technology company reported $12.05 EPS for the quarter, beating the consensus estimate of $1.62 by $10.43. The business had revenue of $25.49 billion for the quarter, compared to the consensus estimate of $26.01 billion. NetEase had a return on equity of 20.82% and a net margin of 26.02%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 earnings per share. On average, research analysts expect that NetEase, Inc. will post 6.08 EPS for the current year.

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, November 29th. NetEase’s dividend payout ratio (DPR) is currently 29.22%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NTES. Barclays lowered their price objective on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, August 26th. Benchmark lowered their target price on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Bank of America cut their price target on NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Jefferies Financial Group lowered their price objective on shares of NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Finally, Citigroup boosted their target price on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $107.29.

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.