NetEase, Inc. $NTES Holdings Raised by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its position in shares of NetEase, Inc. (NASDAQ:NTES) by 313.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,284 shares of the technology company’s stock after purchasing an additional 93,430 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in NetEase were worth $18,738,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC lifted its position in shares of NetEase by 137.2% in the 2nd quarter. NewSquare Capital LLC now owns 185 shares of the technology company’s stock worth $25,000 after buying an additional 107 shares during the last quarter. Cornerstone Planning Group LLC acquired a new stake in NetEase during the third quarter worth about $33,000. Steigerwald Gordon & Koch Inc. acquired a new stake in NetEase during the third quarter worth about $38,000. Spire Wealth Management lifted its holdings in NetEase by 159.6% in the second quarter. Spire Wealth Management now owns 257 shares of the technology company’s stock worth $35,000 after acquiring an additional 158 shares during the last quarter. Finally, First Horizon Corp acquired a new position in NetEase in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Stock Down 2.6%

Shares of NTES opened at $113.99 on Friday. The firm has a market capitalization of $72.22 billion, a PE ratio of 15.53, a P/E/G ratio of 1.49 and a beta of 0.74. The firm has a 50-day moving average price of $129.05 and a 200 day moving average price of $137.75. NetEase, Inc. has a 52-week low of $88.54 and a 52-week high of $159.55.

NetEase Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 16th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, March 16th. This is an increase from NetEase’s previous quarterly dividend of $0.57. NetEase’s dividend payout ratio is 30.93%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NTES. Citigroup reiterated a “buy” rating on shares of NetEase in a research report on Wednesday, February 11th. Wall Street Zen lowered NetEase from a “buy” rating to a “hold” rating in a research report on Sunday, November 23rd. Sanford C. Bernstein set a $155.00 price target on shares of NetEase in a report on Friday, November 21st. Morgan Stanley restated an “overweight” rating and set a $154.00 price target on shares of NetEase in a research report on Monday. Finally, Barclays cut their price objective on shares of NetEase from $135.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 12th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $153.89.

NetEase Profile

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.