Crossmark Global Holdings Inc. Lowers Stock Holdings in NetEase, Inc. (NASDAQ:NTES)

Crossmark Global Holdings Inc. lessened its holdings in NetEase, Inc. (NASDAQ:NTES) by 74.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 26,563 shares of the technology company’s stock after selling 76,662 shares during the period. Crossmark Global Holdings Inc.’s holdings in NetEase were worth $2,369,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NetEase by 13,747.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company’s stock worth $585,227,000 after acquiring an additional 6,213,248 shares during the last quarter. Hhlr Advisors LTD. boosted its holdings in shares of NetEase by 86.8% during the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock valued at $242,092,000 after purchasing an additional 1,203,129 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of NetEase by 7.8% in the third quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company’s stock worth $107,130,000 after purchasing an additional 82,474 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of NetEase by 1.1% in the third quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company’s stock worth $95,400,000 after buying an additional 10,920 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in NetEase by 12.3% during the third quarter. Van ECK Associates Corp now owns 666,411 shares of the technology company’s stock valued at $62,316,000 after buying an additional 72,988 shares during the last quarter. 11.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Morgan Stanley raised NetEase from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $90.00 to $108.00 in a research note on Wednesday, January 8th. Citigroup upped their price target on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America lifted their price objective on shares of NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Benchmark decreased their target price on shares of NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NetEase currently has an average rating of “Moderate Buy” and an average price target of $108.71.

NetEase Price Performance

Shares of NASDAQ:NTES opened at $99.45 on Friday. The firm has a market capitalization of $63.86 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 3.37 and a beta of 0.57. The business has a 50 day simple moving average of $91.78 and a two-hundred day simple moving average of $88.01. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $114.50.

NetEase Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.75%. The ex-dividend date was Friday, November 29th. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

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.