NetEase, Inc. (NASDAQ:NTES) Holdings Raised by MML Investors Services LLC

MML Investors Services LLC increased its position in shares of NetEase, Inc. (NASDAQ:NTES) by 12.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,954 shares of the technology company’s stock after purchasing an additional 428 shares during the quarter. MML Investors Services LLC’s holdings in NetEase were worth $370,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Raymond James & Associates boosted its stake in NetEase by 20.5% during the 2nd quarter. Raymond James & Associates now owns 25,823 shares of the technology company’s stock valued at $2,468,000 after purchasing an additional 4,395 shares during the period. Financial Advocates Investment Management acquired a new stake in NetEase in the 2nd quarter valued at approximately $421,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in NetEase by 6.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,508 shares of the technology company’s stock valued at $813,000 after acquiring an additional 506 shares in the last quarter. Banque Cantonale Vaudoise boosted its position in NetEase by 281.5% during the 2nd quarter. Banque Cantonale Vaudoise now owns 16,093 shares of the technology company’s stock worth $1,538,000 after acquiring an additional 11,875 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of NetEase by 2.2% in the second quarter. Van ECK Associates Corp now owns 593,423 shares of the technology company’s stock worth $56,719,000 after purchasing an additional 12,908 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Citigroup increased their price objective on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Benchmark dropped 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $107.29.

NetEase Price Performance

NTES stock opened at $92.22 on Wednesday. NetEase, Inc. has a one year low of $75.85 and a one year high of $114.50. The stock has a market cap of $59.22 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 3.53 and a beta of 0.57. The company has a fifty day moving average price of $85.81 and a two-hundred day moving average price of $87.94.

NetEase Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.435 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.74 annualized dividend and a dividend yield of 1.89%. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

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.