NetEase, Inc. (NASDAQ:NTES) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its stake in shares of NetEase, Inc. (NASDAQ:NTESFree Report) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,127 shares of the technology company’s stock after selling 473 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in NetEase were worth $413,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NTES. Morgan Stanley boosted its holdings in shares of NetEase by 3.1% during the fourth quarter. Morgan Stanley now owns 3,333,468 shares of the technology company’s stock worth $242,110,000 after purchasing an additional 98,751 shares during the last quarter. Wellington Management Group LLP raised its position in shares of NetEase by 13.7% in the 1st quarter. Wellington Management Group LLP now owns 1,580,905 shares of the technology company’s stock worth $141,792,000 after buying an additional 191,068 shares during the period. Nuveen Asset Management LLC raised its position in NetEase by 98.9% in the second quarter. Nuveen Asset Management LLC now owns 1,484,772 shares of the technology company’s stock valued at $143,563,000 after purchasing an additional 738,249 shares during the period. Bank of America Corp DE raised its position in NetEase by 20.1% in the first quarter. Bank of America Corp DE now owns 1,140,858 shares of the technology company’s stock valued at $100,898,000 after purchasing an additional 190,905 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in NetEase by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,106,202 shares of the technology company’s stock valued at $97,852,000 after purchasing an additional 6,014 shares during the period. Institutional investors and hedge funds own 11.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research report on Monday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, NetEase has a consensus rating of “Buy” and an average target price of $126.00.

View Our Latest Stock Analysis on NTES

NetEase Trading Down 0.5 %

NTES opened at $106.84 on Friday. The business’s 50 day moving average is $103.26 and its 200-day moving average is $103.53. The stock has a market cap of $68.88 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 0.92 and a beta of 0.59. NetEase, Inc. has a twelve month low of $80.79 and a twelve month high of $118.89.

NetEase Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Wednesday, March 13th. This is a boost from NetEase’s previous quarterly dividend of $0.50. NetEase’s payout ratio is 68.09%.

About NetEase

(Free Report)

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.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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