Summit Wealth Group LLC Co. Makes New Investment in NetEase, Inc. $NTES

03 Nov 2026, 11:11 by Mitch Edgeman · The Markets Daily

Summit Wealth Group LLC Co. bought a new stake in NetEase, Inc. (NASDAQ:NTES – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,924 shares of the technology company’s stock, valued at approximately $1,687,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NTES. Bank of America Corp DE increased its position in NetEase by 111.4% in the 1st quarter. Bank of America Corp DE now owns 1,325,317 shares of the technology company’s stock worth $148,356,000 after purchasing an additional 698,318 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of NetEase by 25.2% in the 1st quarter. Renaissance Technologies LLC now owns 1,363,188 shares of the technology company’s stock valued at $152,595,000 after buying an additional 274,500 shares in the last quarter. Temasek Holdings Private Ltd increased its holdings in NetEase by 50.7% in the first quarter. Temasek Holdings Private Ltd now owns 708,114 shares of the technology company’s stock worth $79,266,000 after buying an additional 238,386 shares during the last quarter. Carrhae Capital LLP increased its holdings in NetEase by 343.2% in the second quarter. Carrhae Capital LLP now owns 306,577 shares of the technology company’s stock worth $39,285,000 after buying an additional 237,410 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in NetEase by 64.2% during the first quarter. Lazard Asset Management LLC now owns 581,720 shares of the technology company’s stock valued at $65,118,000 after acquiring an additional 227,433 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

Shares of NASDAQ NTES opened at $115.49 on Tuesday. The firm has a market cap of $73.94 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.32 and a beta of 0.68. The business’s 50-day simple moving average is $119.75 and its 200-day simple moving average is $121.18. NetEase, Inc. has a 52 week low of $106.06 and a 52 week high of $149.11.

NetEase Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Thursday, September 3rd were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This is a decrease from NetEase’s previous quarterly dividend of $0.72. This represents a $1.92 dividend on an annualized basis and a yield of 1.7%. NetEase’s dividend payout ratio (DPR) is currently 26.31%.

Insider Transactions at NetEase

In other NetEase news, VP Aileen Mo sold 716 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $120.64, for a total transaction of $86,378.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 54.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NTES. Wall Street Zen cut shares of NetEase from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. BNP Paribas Exane began coverage on shares of NetEase in a research note on Tuesday, September 22nd. They set an “outperform” rating and a $180.00 price target on the stock. Zacks Research downgraded shares of NetEase from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Nomura upped their price objective on shares of NetEase from $155.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $163.00 price objective on shares of NetEase in a report on Monday, September 28th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $159.86.

Get Our Latest Stock Analysis on NTES

NetEase Company Profile

(Free Report)

NetEase, Inc is a China-based internet and technology company founded in 1997 by William Ding. The company develops and operates online games for personal computers and mobile devices, serving players in China and international markets.

NetEase Games is the company’s primary business and offers original titles such as Fantasy Westward Journey, Justice, and Identity V, along with games developed through partnerships and international studios. NetEase also publishes and distributes games in overseas markets through its global operations.