Orion Portfolio Solutions LLC Has $982,000 Stock Position in NetEase, Inc. (NASDAQ:NTES)

Orion Portfolio Solutions LLC lowered its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 15.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,497 shares of the technology company’s stock after selling 1,937 shares during the period. Orion Portfolio Solutions LLC’s holdings in NetEase were worth $982,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. XTX Topco Ltd bought a new position in NetEase during the third quarter worth $274,000. Kovitz Investment Group Partners LLC boosted its position in shares of NetEase by 75.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 14,167 shares of the technology company’s stock valued at $1,323,000 after purchasing an additional 6,099 shares in the last quarter. Wellington Management Group LLP grew its stake in NetEase by 1.1% during the third quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company’s stock worth $95,400,000 after purchasing an additional 10,920 shares during the period. Temasek Holdings Private Ltd acquired a new position in NetEase in the third quarter valued at approximately $51,498,000. Finally, State Street Corp grew its position 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 buying an additional 156 shares during the period. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

Shares of NASDAQ NTES opened at $95.45 on Monday. The stock has a fifty day moving average of $85.60 and a 200-day moving average of $87.87. The stock has a market cap of $61.29 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.57. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $114.50.

NetEase Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Friday, November 29th. NetEase’s payout ratio is 29.22%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NTES. Benchmark dropped their price objective on shares of NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 15th. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Bank of America lowered their target price on NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. 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, Jefferies Financial Group lowered 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. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.29.

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.