Hhlr Advisors LTD. Purchases 1,203,129 Shares of NetEase, Inc. (NASDAQ:NTES)

Hhlr Advisors LTD. boosted its position in shares of NetEase, Inc. (NASDAQ:NTES) by 86.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,588,943 shares of the technology company’s stock after buying an additional 1,203,129 shares during the period. NetEase accounts for approximately 5.3% of Hhlr Advisors LTD.’s portfolio, making the stock its 6th biggest holding. Hhlr Advisors LTD. owned about 0.40% of NetEase worth $242,092,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. increased 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 during the period. SYSTM Wealth Solutions LLC increased its holdings in shares of NetEase by 55.5% in the second quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock valued at $31,000 after purchasing an additional 117 shares during the period. Ariadne Wealth Management LP acquired a new position in shares of NetEase in the second quarter valued at approximately $35,000. Highline Wealth Partners LLC acquired a new position in shares of NetEase in the third quarter valued at approximately $45,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of NetEase in the third quarter valued at approximately $70,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Stock Up 1.6 %

Shares of NASDAQ:NTES opened at $87.48 on Friday. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $114.50. The stock’s fifty day simple moving average is $85.61 and its 200-day simple moving average is $88.23. The company has a market capitalization of $56.18 billion, a P/E ratio of 14.78, a P/E/G ratio of 3.20 and a beta of 0.57.

NetEase Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.435 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.74 annualized dividend and a dividend yield of 1.99%. NetEase’s dividend payout ratio is currently 29.22%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NTES shares. Bank of America dropped 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. Citigroup boosted their target price on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 15th. Benchmark dropped their target price on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 15th. StockNews.com raised NetEase from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Jefferies Financial Group dropped their price objective on NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.29.

NetEase 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.