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

Brighton Jones LLC increased its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,297 shares of the technology company’s stock after acquiring an additional 117 shares during the period. Brighton Jones LLC’s holdings in NetEase were worth $919,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

NetEase Trading Up 3.8 %

NTES opened at $103.18 on Friday. The stock’s fifty day simple moving average is $92.43 and its 200 day simple moving average is $88.17. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $114.50. The stock has a market cap 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, November 29th. NetEase’s payout ratio is presently 29.22%.

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.