Keystone Investors PTE Ltd. Acquires Shares of 4,546 NetEase, Inc. $NTES

Keystone Investors PTE Ltd. acquired a new stake in shares of NetEase, Inc. (NASDAQ:NTES) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,546 shares of the technology company’s stock, valued at approximately $626,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTES. Brighton Jones LLC raised its stake in NetEase by 1.1% during the fourth quarter. Brighton Jones LLC now owns 10,297 shares of the technology company’s stock valued at $919,000 after buying an additional 117 shares in the last quarter. Strs Ohio acquired a new stake in NetEase during the first quarter valued at approximately $63,000. EverSource Wealth Advisors LLC raised its stake in NetEase by 106.9% during the second quarter. EverSource Wealth Advisors LLC now owns 542 shares of the technology company’s stock valued at $73,000 after buying an additional 280 shares in the last quarter. First Trust Advisors LP raised its stake in NetEase by 287.4% during the second quarter. First Trust Advisors LP now owns 91,571 shares of the technology company’s stock valued at $12,324,000 after buying an additional 67,934 shares in the last quarter. Finally, Walleye Capital LLC raised its stake in NetEase by 670.9% during the second quarter. Walleye Capital LLC now owns 5,265 shares of the technology company’s stock valued at $709,000 after buying an additional 4,582 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen upgraded NetEase from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Morgan Stanley restated an “overweight” rating and set a $158.00 price objective on shares of NetEase in a research note on Tuesday, May 26th. Benchmark restated a “buy” rating on shares of NetEase in a research note on Friday, May 22nd. Nomura cut their price objective on NetEase from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Finally, Zacks Research raised NetEase from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NetEase presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.38.

NetEase Trading Up 0.2%

NASDAQ:NTES opened at $125.82 on Friday. The firm has a market capitalization of $80.33 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.63 and a beta of 0.72. The stock has a 50 day moving average of $117.11 and a 200-day moving average of $124.50. NetEase, Inc. has a 52 week low of $106.06 and a 52 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 issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.88 annualized dividend and a dividend yield of 2.3%. NetEase’s dividend payout ratio is 38.11%.

NetEase Company Profile

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.