Capital Wealth Planning LLC Sells 8,364 Shares of NetEase, Inc. (NASDAQ:NTES)

Capital Wealth Planning LLC lowered its position in shares of NetEase, Inc. (NASDAQ:NTES) by 31.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,825 shares of the technology company’s stock after selling 8,364 shares during the period. Capital Wealth Planning LLC’s holdings in NetEase were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Mather Group LLC. grew its position in NetEase by 1,415.0% during the second quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock worth $31,000 after buying an additional 283 shares in the last quarter. UMB Bank n.a. acquired a new stake in NetEase during the first quarter worth approximately $50,000. ORG Partners LLC acquired a new stake in NetEase during the first quarter worth approximately $50,000. AdvisorNet Financial Inc grew its position in NetEase by 39.6% during the second quarter. AdvisorNet Financial Inc now owns 1,400 shares of the technology company’s stock worth $134,000 after buying an additional 397 shares in the last quarter. Finally, Mendota Financial Group LLC grew its position in NetEase by 9.2% during the first quarter. Mendota Financial Group LLC now owns 1,508 shares of the technology company’s stock worth $156,000 after buying an additional 127 shares in the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

Shares of NTES stock opened at $77.32 on Monday. The stock’s fifty day moving average price is $87.32 and its two-hundred day moving average price is $94.05. The company has a market cap of $49.65 billion, a PE ratio of 11.99, a P/E/G ratio of 1.72 and a beta of 0.54. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $118.89.

NetEase (NASDAQ:NTES) last released its quarterly earnings data on Thursday, August 22nd. The technology company reported $12.05 earnings per share for the quarter, beating the consensus estimate of $1.62 by $10.43. NetEase had a return on equity of 22.30% and a net margin of 26.98%. The company had revenue of $25.49 billion for the quarter, compared to the consensus estimate of $26.01 billion. During the same quarter last year, the business posted $1.75 EPS. NetEase’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts predict that NetEase, Inc. will post 6.05 EPS for the current fiscal year.

NetEase Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, September 6th. NetEase’s dividend payout ratio (DPR) is 26.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Barclays reduced their price target on NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, August 26th. Morgan Stanley reissued an “equal weight” rating and set a $100.00 price target on shares of NetEase in a research report on Friday, July 5th. Bank of America reduced their target price on NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Finally, Jefferies Financial Group reduced their target price on NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NetEase currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.67.

NetEase Company Profile

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.