Ninety One UK Ltd Boosts Holdings in NetEase, Inc. $NTES

Ninety One UK Ltd grew its position in NetEase, Inc. (NASDAQ:NTES) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,267,769 shares of the technology company’s stock after buying an additional 134,967 shares during the period. NetEase accounts for approximately 2.0% of Ninety One UK Ltd’s investment portfolio, making the stock its 13th largest position. Ninety One UK Ltd owned 0.99% of NetEase worth $843,516,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NTES. Brighton Jones LLC grew its stake in shares of NetEase by 1.1% in the 4th 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 during the period. GAMMA Investing LLC grew its stake in shares of NetEase by 10,192.0% in the 1st quarter. GAMMA Investing LLC now owns 2,573 shares of the technology company’s stock valued at $265,000 after buying an additional 2,548 shares during the period. Myriad Asset Management US LP purchased a new stake in shares of NetEase in the 1st quarter valued at approximately $2,407,000. Pine Haven Investment Counsel Inc purchased a new stake in shares of NetEase in the 1st quarter valued at approximately $206,000. Finally, Farther Finance Advisors LLC grew its stake in shares of NetEase by 191.7% in the 1st quarter. Farther Finance Advisors LLC now owns 986 shares of the technology company’s stock valued at $105,000 after buying an additional 648 shares during the period. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Trading Up 0.4%

Shares of NTES opened at $151.99 on Wednesday. NetEase, Inc. has a twelve month low of $75.88 and a twelve month high of $159.55. The firm’s fifty day simple moving average is $138.97 and its 200-day simple moving average is $123.93. The firm has a market capitalization of $96.30 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 2.02 and a beta of 0.67.

NetEase Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Thursday, August 28th were issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Thursday, August 28th. NetEase’s dividend payout ratio (DPR) is presently 30.72%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NTES shares. Arete Research raised shares of NetEase to a “strong-buy” rating in a research report on Wednesday, September 3rd. Zacks Research cut shares of NetEase from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Wall Street Zen cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. JPMorgan Chase & Co. cut shares of NetEase from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $135.00 to $140.00 in a research report on Monday, July 28th. Finally, Arete raised shares of NetEase from a “sell” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

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.