NetEase, Inc. $NTES Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its stake in NetEase, Inc. (NASDAQ:NTESFree Report) by 23.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,961 shares of the technology company’s stock after purchasing an additional 6,097 shares during the quarter. Squarepoint Ops LLC’s holdings in NetEase were worth $4,095,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in NetEase during the 1st quarter worth approximately $25,000. Atlas Capital Advisors Inc. purchased a new position in shares of NetEase in the fourth quarter worth $47,000. Smartleaf Asset Management LLC raised its holdings in shares of NetEase by 3,381.8% in the second quarter. Smartleaf Asset Management LLC now owns 383 shares of the technology company’s stock worth $51,000 after buying an additional 372 shares during the last quarter. Harbour Investments Inc. lifted its stake in shares of NetEase by 7,480.0% during the fourth quarter. Harbour Investments Inc. now owns 379 shares of the technology company’s stock worth $52,000 after buying an additional 374 shares during the period. Finally, MidFirst Bank acquired a new stake in shares of NetEase during the fourth quarter worth $57,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Paul William Boltz, Jr. sold 10,000 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $128.30, for a total value of $1,283,000.00. Following the completion of the transaction, the general counsel directly owned 12,223 shares in the company, valued at $1,568,210.90. The trade was a 45.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Aileen Mo sold 716 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $120.64, for a total transaction of $86,378.24. The SEC filing for this sale provides additional information. 54.70% of the stock is owned by company insiders.

NetEase Stock Down 0.0%

Shares of NTES opened at $115.61 on Friday. NetEase, Inc. has a 52 week low of $106.06 and a 52 week high of $159.55. The company has a market capitalization of $74.02 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 1.34 and a beta of 0.72. The stock’s 50-day moving average price is $125.87 and its 200-day moving average price is $120.42.

NetEase Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Thursday, September 3rd will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, September 3rd. NetEase’s dividend payout ratio is currently 26.31%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NTES. The Goldman Sachs Group set a $169.00 price objective on shares of NetEase in a report on Wednesday, July 1st. Weiss Ratings cut NetEase from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Wall Street Zen downgraded NetEase from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Zacks Research lowered NetEase from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $158.00 price objective on shares of NetEase in a report on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $160.57.

Read Our Latest Stock Analysis on NTES

NetEase Company Profile

(Free Report)

NetEase, Inc is a Chinese internet and technology company that develops and operates online games, digital content services and other internet-related products. Founded in 1997 by Ding Lei, the company has grown into a global developer and publisher of games for personal computers and mobile devices.

NetEase Games is the company’s primary business and offers original titles across genres including role-playing, strategy, action and competitive gaming. The company also publishes games through partnerships with international developers and operates game studios in China and overseas.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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