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

O Shaughnessy Asset Management LLC lifted its stake in NetEase, Inc. (NASDAQ:NTESFree Report) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,617 shares of the technology company’s stock after purchasing an additional 7,105 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in NetEase were worth $6,828,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of NetEase by 3,381.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 383 shares of the technology company’s stock worth $51,000 after purchasing an additional 372 shares during the period. Harbour Investments Inc. boosted its holdings in shares of NetEase by 7,480.0% in the 4th quarter. Harbour Investments Inc. now owns 379 shares of the technology company’s stock worth $52,000 after purchasing an additional 374 shares during the period. Spire Wealth Management boosted its holdings in shares of NetEase by 31.3% in the 4th quarter. Spire Wealth Management now owns 436 shares of the technology company’s stock worth $60,000 after purchasing an additional 104 shares during the period. Strs Ohio purchased a new position in shares of NetEase in the 1st quarter worth approximately $63,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of NetEase by 479.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 429 shares of the technology company’s stock worth $65,000 after purchasing an additional 355 shares during the period. Hedge funds and other institutional investors own 11.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NTES. Benchmark reiterated a “buy” rating on shares of NetEase in a report on Friday, May 22nd. Citigroup reissued a “buy” rating on shares of NetEase in a research note on Wednesday, February 11th. Morgan Stanley reissued an “overweight” rating and set a $158.00 price target on shares of NetEase in a research note on Tuesday, May 26th. Wall Street Zen raised NetEase from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Finally, Nomura decreased their price target on NetEase from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $157.38.

View Our Latest Report on NTES

NetEase Stock Performance

Shares of NTES stock opened at $125.52 on Thursday. NetEase, Inc. has a 52-week low of $106.06 and a 52-week high of $159.55. The firm has a market capitalization of $80.13 billion, a P/E ratio of 16.67, a P/E/G ratio of 1.56 and a beta of 0.72. The stock has a 50 day moving average price of $116.58 and a 200 day moving average price of $124.55.

NetEase Cuts Dividend

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

About NetEase

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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