NetEase (NASDAQ:NTES) Stock Price Down 5%

NetEase Inc (NASDAQ:NTES) shares traded down 5% during mid-day trading on Tuesday . The stock traded as low as $248.91 and last traded at $249.11, 775,491 shares changed hands during trading. An increase of 5% from the average session volume of 735,629 shares. The stock had previously closed at $262.25.

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of NetEase in a report on Monday, August 5th. They set a “buy” rating and a $274.60 price objective on the stock. Zacks Investment Research upgraded shares of NetEase from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a report on Thursday, August 8th. Tigress Financial assumed coverage on shares of NetEase in a report on Friday, August 16th. They set a “buy” rating on the stock. Goldman Sachs Group downgraded shares of NetEase from a “buy” rating to a “neutral” rating in a report on Sunday, August 11th. Finally, China Renaissance Securities upgraded shares of NetEase from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the stock. NetEase currently has an average rating of “Buy” and an average price target of $277.34.

The company’s fifty day moving average is $246.34 and its two-hundred day moving average is $251.48. The company has a market cap of $34.44 billion, a price-to-earnings ratio of 36.46, a P/E/G ratio of 0.80 and a beta of 0.87.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, August 22nd. This is an increase from NetEase’s previous quarterly dividend of $0.69. NetEase’s dividend payout ratio is 40.03%.

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of NetEase by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 446,824 shares of the technology company’s stock worth $105,251,000 after purchasing an additional 12,241 shares during the period. USS Investment Management Ltd increased its holdings in shares of NetEase by 35.2% during the first quarter. USS Investment Management Ltd now owns 192,000 shares of the technology company’s stock worth $46,350,000 after purchasing an additional 50,000 shares during the period. Virtu Financial LLC bought a new position in shares of NetEase during the first quarter worth approximately $251,000. Mercer Global Advisors Inc. ADV bought a new position in shares of NetEase during the first quarter worth approximately $224,000. Finally, Investec Asset Management LTD increased its stake in NetEase by 0.3% in the first quarter. Investec Asset Management LTD now owns 310,595 shares of the technology company’s stock valued at $74,993,000 after acquiring an additional 879 shares during the last quarter. Institutional investors own 45.19% of the company’s stock.

NetEase Company Profile (NASDAQ:NTES)

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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