NetEase, Inc. (NASDAQ:NTES) Short Interest Update

NetEase, Inc. (NASDAQ:NTES) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 3,590,000 shares, a decrease of 18.6% from the November 30th total of 4,410,000 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 1,710,000 shares, the short-interest ratio is currently 2.1 days.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NTES. Benchmark decreased their price objective on shares of NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Finally, Citigroup raised their price objective on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $107.29.

NetEase Stock Performance

Shares of NASDAQ:NTES traded down $0.83 during midday trading on Friday, hitting $91.48. 459,532 shares of the stock were exchanged, compared to its average volume of 1,690,029. The business’s 50-day moving average price is $86.65 and its 200 day moving average price is $87.93. NetEase has a 12 month low of $75.85 and a 12 month high of $114.50. The stock has a market capitalization of $58.74 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 3.53 and a beta of 0.57.

NetEase Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.90%. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

Institutional Trading of NetEase

Institutional investors have recently modified their holdings of the business. Raymond James & Associates boosted its holdings in NetEase by 20.5% in the second quarter. Raymond James & Associates now owns 25,823 shares of the technology company’s stock valued at $2,468,000 after acquiring an additional 4,395 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in NetEase by 6.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,508 shares of the technology company’s stock worth $813,000 after buying an additional 506 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in NetEase by 281.5% in the second quarter. Banque Cantonale Vaudoise now owns 16,093 shares of the technology company’s stock valued at $1,538,000 after buying an additional 11,875 shares during the period. Van ECK Associates Corp boosted its position in NetEase by 2.2% during the second quarter. Van ECK Associates Corp now owns 593,423 shares of the technology company’s stock valued at $56,719,000 after acquiring an additional 12,908 shares during the last quarter. Finally, Naviter Wealth LLC grew its holdings in NetEase by 22.2% during the 2nd quarter. Naviter Wealth LLC now owns 6,562 shares of the technology company’s stock worth $627,000 after acquiring an additional 1,190 shares during the period. Institutional investors own 11.07% of the company’s stock.

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.