NetEase Inc (NASDAQ:NTES) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 3,093,609 shares, a decrease of 29.3% from the November 15th total of 4,375,388 shares. Based on an average trading volume of 2,379,521 shares, the days-to-cover ratio is currently 1.3 days.

A number of research firms have recently weighed in on NTES. Vetr lowered NetEase from a “buy” rating to a “hold” rating and set a $323.68 price objective on the stock. in a research report on Monday, November 20th. Nomura raised NetEase from a “neutral” rating to a “buy” rating and increased their target price for the company from $297.00 to $428.00 in a report on Friday, November 17th. Zacks Investment Research lowered NetEase from a “hold” rating to a “sell” rating in a report on Wednesday, November 22nd. Barclays increased their target price on NetEase from $260.00 to $320.00 and gave the company an “equal weight” rating in a report on Tuesday, November 21st. Finally, Jefferies Group reissued a “hold” rating and issued a $302.00 target price on shares of NetEase in a report on Friday, November 17th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. NetEase has an average rating of “Hold” and an average price target of $327.05.

Shares of NetEase (NASDAQ NTES) opened at $356.43 on Friday. The company has a market cap of $45,511.43, a PE ratio of 22.94, a P/E/G ratio of 1.93 and a beta of 0.93. NetEase has a 12-month low of $211.11 and a 12-month high of $375.10.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, December 1st were given a $0.717 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $2.87 dividend on an annualized basis and a yield of 0.80%. NetEase’s payout ratio is currently 25.09%.

NetEase announced that its Board of Directors has approved a share buyback plan on Wednesday, November 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

A number of large investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. lifted its position in NetEase by 1.3% in the second quarter. Ameritas Investment Partners Inc. now owns 1,366 shares of the technology company’s stock valued at $411,000 after purchasing an additional 17 shares during the period. Financial Counselors Inc. increased its holdings in NetEase by 1.7% in the second quarter. Financial Counselors Inc. now owns 1,211 shares of the technology company’s stock valued at $364,000 after buying an additional 20 shares in the last quarter. HPM Partners LLC increased its holdings in NetEase by 2.3% in the second quarter. HPM Partners LLC now owns 1,334 shares of the technology company’s stock valued at $401,000 after buying an additional 30 shares in the last quarter. IFP Advisors Inc increased its holdings in NetEase by 21.4% in the second quarter. IFP Advisors Inc now owns 391 shares of the technology company’s stock valued at $118,000 after buying an additional 69 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in NetEase by 22.4% in the second quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock valued at $161,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 50.54% of the company’s stock.

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About NetEase

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

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