Capital World Investors Sells 45,175 Shares of NetEase, Inc. $NTES

Capital World Investors decreased its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,507,792 shares of the technology company’s stock after selling 45,175 shares during the period. Capital World Investors owned about 0.24% of NetEase worth $207,502,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC lifted its position in NetEase by 125.8% during the third quarter. Ameritas Advisory Services LLC now owns 8,285 shares of the technology company’s stock valued at $1,259,000 after purchasing an additional 4,616 shares during the period. Range Financial Group LLC bought a new position in NetEase during the fourth quarter valued at approximately $1,759,000. American Century Companies Inc. lifted its position in NetEase by 7.3% during the third quarter. American Century Companies Inc. now owns 803,379 shares of the technology company’s stock valued at $122,106,000 after purchasing an additional 54,929 shares during the period. Ovata Capital Management Ltd lifted its position in NetEase by 228.6% during the third quarter. Ovata Capital Management Ltd now owns 25,300 shares of the technology company’s stock valued at $3,850,000 after purchasing an additional 17,600 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in NetEase by 22.1% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 67,211 shares of the technology company’s stock valued at $9,250,000 after purchasing an additional 12,173 shares during the period. Institutional investors own 11.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays lowered 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. Benchmark restated a “buy” rating on shares of NetEase in a research report on Friday, May 22nd. Citigroup reiterated a “buy” rating on shares of NetEase in a research report on Wednesday, February 11th. Nomura decreased their price target on shares of NetEase from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $157.38.

NetEase Stock Performance

NTES opened at $118.70 on Tuesday. The stock has a market capitalization of $75.78 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.66 and a beta of 0.72. The company has a fifty day moving average of $116.04 and a 200 day moving average of $124.70. NetEase, Inc. has a fifty-two week low of $106.06 and a fifty-two week high of $159.55.

NetEase Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, June 5th. NetEase’s dividend payout ratio (DPR) is presently 38.11%.

About NetEase

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.