Brighton Jones LLC Purchases 117 Shares of NetEase, Inc. (NASDAQ:NTES)

Brighton Jones LLC boosted its position in NetEase, Inc. (NASDAQ:NTES) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,297 shares of the technology company’s stock after buying an additional 117 shares during the period. Brighton Jones LLC’s holdings in NetEase were worth $919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Inspire Investing LLC lifted its holdings in shares of NetEase by 27.3% during the fourth quarter. Inspire Investing LLC now owns 12,194 shares of the technology company’s stock worth $1,088,000 after buying an additional 2,614 shares in the last quarter. Avior Wealth Management LLC raised its stake in NetEase by 148.9% in the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company’s stock worth $89,000 after purchasing an additional 594 shares in the last quarter. SG Americas Securities LLC bought a new stake in NetEase in the 4th quarter valued at about $654,000. Atomi Financial Group Inc. grew its position in shares of NetEase by 25.8% during the 4th quarter. Atomi Financial Group Inc. now owns 3,937 shares of the technology company’s stock worth $351,000 after purchasing an additional 808 shares in the last quarter. Finally, Ballentine Partners LLC bought a new position in shares of NetEase during the fourth quarter worth approximately $288,000. 11.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on NTES. Benchmark cut their price target on NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Citigroup upped their target price on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Morgan Stanley raised NetEase from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $90.00 to $108.00 in a report on Wednesday, January 8th. Bank of America boosted their price target on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, NetEase has an average rating of “Moderate Buy” and an average price target of $108.71.

NetEase Stock Up 3.8 %

NASDAQ:NTES opened at $103.18 on Friday. The firm has a market capitalization of $66.26 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 3.33 and a beta of 0.57. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $114.50. The stock’s 50-day simple moving average is $92.43 and its 200 day simple moving average is $88.17.

NetEase Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Friday, November 29th. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

About NetEase

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.