SG Americas Securities LLC Makes New $654,000 Investment in NetEase, Inc. (NASDAQ:NTES)

SG Americas Securities LLC acquired a new position in shares of NetEase, Inc. (NASDAQ:NTES) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,335 shares of the technology company’s stock, valued at approximately $654,000.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. raised its position in NetEase by 33.3% during the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock worth $40,000 after acquiring an additional 111 shares in the last quarter. State Street Corp increased its stake in shares of NetEase by 0.3% during the 3rd quarter. State Street Corp now owns 56,729 shares of the technology company’s stock worth $5,305,000 after purchasing an additional 156 shares during the last quarter. Financial Advocates Investment Management raised its holdings in shares of NetEase by 5.4% in the 3rd quarter. Financial Advocates Investment Management now owns 4,647 shares of the technology company’s stock valued at $435,000 after purchasing an additional 237 shares during the period. Financial Counselors Inc. lifted its stake in NetEase by 8.0% in the 3rd quarter. Financial Counselors Inc. now owns 3,404 shares of the technology company’s stock valued at $318,000 after purchasing an additional 252 shares during the last quarter. Finally, Willner & Heller LLC lifted its stake in NetEase by 10.2% in the 3rd quarter. Willner & Heller LLC now owns 3,952 shares of the technology company’s stock valued at $370,000 after purchasing an additional 365 shares during the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Price Performance

Shares of NASDAQ NTES opened at $104.88 on Friday. The firm has a market cap of $67.35 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 3.33 and a beta of 0.57. The stock’s fifty day moving average price is $93.33 and its two-hundred day moving average price is $88.35. NetEase, Inc. has a one year low of $75.85 and a one year high of $114.50.

NetEase Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Friday, November 29th. NetEase’s dividend payout ratio is 29.22%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NTES. Benchmark lowered their price target on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Morgan Stanley raised NetEase from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $90.00 to $108.00 in a report on Wednesday, January 8th. Bank of America raised their price target on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Citigroup lifted their price objective on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.71.

About NetEase

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.