NetEase, Inc. (NASDAQ:NTES) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC decreased its position in NetEase, Inc. (NASDAQ:NTES) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,456 shares of the technology company’s stock after selling 337 shares during the quarter. Harbor Investment Advisory LLC’s holdings in NetEase were worth $844,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in NetEase during the 4th quarter valued at $34,000. Ariadne Wealth Management LP acquired a new stake in shares of NetEase during the second quarter valued at about $35,000. UMB Bank n.a. increased its position in shares of 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 during the last quarter. Highline Wealth Partners LLC acquired a new position in shares of NetEase in the third quarter worth about $45,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in NetEase in the third quarter valued at about $70,000. Hedge funds and other institutional investors own 11.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

NetEase Stock Up 1.0 %

Shares of NASDAQ:NTES opened at $100.71 on Wednesday. The firm has a 50-day simple moving average of $90.87 and a 200 day simple moving average of $87.87. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $114.50. The company has a market cap of $64.67 billion, a PE ratio of 17.01, a P/E/G ratio of 3.32 and a beta of 0.57.

NetEase Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders 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 dividend yield of 1.73%. The ex-dividend date was Friday, November 29th. NetEase’s payout ratio is 29.22%.

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.