Asset Dedication LLC Has $137,000 Position in NetEase, Inc. (NASDAQ:NTES)

Asset Dedication LLC cut its position in shares of NetEase, Inc. (NASDAQ:NTES) by 13.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,540 shares of the technology company’s stock after selling 246 shares during the quarter. Asset Dedication LLC’s holdings in NetEase were worth $137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its position in NetEase by 11.8% during the 4th quarter. Blue Trust Inc. now owns 5,042 shares of the technology company’s stock worth $471,000 after acquiring an additional 533 shares during the last quarter. Euro Pacific Asset Management LLC boosted its holdings in NetEase by 1.3% during the fourth quarter. Euro Pacific Asset Management LLC now owns 13,137 shares of the technology company’s stock worth $1,172,000 after purchasing an additional 173 shares during the last quarter. Exchange Traded Concepts LLC grew its position in NetEase by 43.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 67,797 shares of the technology company’s stock valued at $6,048,000 after purchasing an additional 20,552 shares in the last quarter. Brighton Jones LLC increased its stake in NetEase by 1.1% in the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company’s stock valued at $919,000 after buying an additional 117 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in NetEase by 27.3% during the 4th quarter. Inspire Investing LLC now owns 12,194 shares of the technology company’s stock worth $1,088,000 after buying an additional 2,614 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Bank of America boosted their price target on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Citigroup increased their price objective on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 15th. Morgan Stanley raised shares of NetEase from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $90.00 to $108.00 in a research note on Wednesday, January 8th. Finally, Benchmark dropped their price target on shares of NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, NetEase has an average rating of “Moderate Buy” and a consensus price target of $108.71.

NetEase Price Performance

Shares of NetEase stock opened at $104.88 on Friday. The business has a fifty day simple moving average of $93.33 and a two-hundred day simple moving average of $88.35. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $114.50. The company has a market capitalization 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.

NetEase Announces Dividend

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

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.