O Shaughnessy Asset Management LLC Raises Stock Holdings in NetEase, Inc. $NTES

O Shaughnessy Asset Management LLC increased its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 16.7% in the fourth quarter, HoldingsChannel reports. The firm owned 49,617 shares of the technology company’s stock after buying an additional 7,105 shares during the period. O Shaughnessy Asset Management LLC’s holdings in NetEase were worth $6,828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in NetEase by 68,860.6% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,551,117 shares of the technology company’s stock worth $1,299,684,000 after buying an additional 8,538,717 shares during the last quarter. Fisher Asset Management LLC grew its stake in NetEase by 4.7% during the 3rd quarter. Fisher Asset Management LLC now owns 1,133,052 shares of the technology company’s stock worth $172,213,000 after buying an additional 50,861 shares during the last quarter. Man Group plc grew its stake in NetEase by 7.3% during the 3rd quarter. Man Group plc now owns 1,055,122 shares of the technology company’s stock worth $160,368,000 after buying an additional 71,966 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in NetEase by 15.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 841,623 shares of the technology company’s stock worth $127,823,000 after buying an additional 112,001 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in NetEase by 7.3% during the 3rd quarter. American Century Companies Inc. now owns 803,379 shares of the technology company’s stock worth $122,106,000 after buying an additional 54,929 shares during the last quarter. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

NetEase Stock Performance

NetEase stock opened at $125.52 on Thursday. The business’s 50-day simple moving average is $116.58 and its two-hundred day simple moving average is $124.55. The company has a market cap of $80.13 billion, a PE ratio of 16.67, a PEG ratio of 1.56 and a beta of 0.72. NetEase, Inc. has a fifty-two week low of $106.06 and a fifty-two week high of $159.55.

NetEase Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a $0.72 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.3%. NetEase’s dividend payout ratio is presently 38.11%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NTES. Benchmark reiterated a “buy” rating on shares of NetEase in a research note on Friday, May 22nd. Zacks Research upgraded NetEase from a “hold” rating to a “strong-buy” rating in a research note on Monday. Wall Street Zen upgraded NetEase from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Citigroup reiterated a “buy” rating on shares of NetEase in a research note on Wednesday, February 11th. Finally, Nomura dropped their price target on NetEase from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.38.

About NetEase

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.