2,001 Shares in NetEase, Inc. $NTES Bought by Maseco LLP

Key Points

• Maseco LLP has acquired 2,001 shares of NetEase, Inc. valued at approximately $269,000, indicating increasing interest from institutional investors in the company.
• A significant increase in positions by other hedge funds includes Mirae Asset Global Investments, which raised its stake by 7,698.2%, now owning over 2.8 million shares valued at $289.9 million.
• NetEase's stock currently has an average rating of "Moderate Buy" among analysts, with a target price of $132.00, despite recent downgrades from some firms.

Maseco LLP bought a new position in NetEase, Inc. (NASDAQ:NTES - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,001 shares of the technology company's stock, valued at approximately $269,000.

Several other hedge funds also recently made changes to their positions in NTES. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of NetEase by 7,698.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,817,021 shares of the technology company's stock worth $289,928,000 after buying an additional 2,780,897 shares during the period. Wellington Management Group LLP increased its stake in shares of NetEase by 111.7% in the first quarter. Wellington Management Group LLP now owns 1,988,541 shares of the technology company's stock worth $204,661,000 after buying an additional 1,049,023 shares during the period. Price T Rowe Associates Inc. MD increased its position in NetEase by 54.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,977,835 shares of the technology company's stock valued at $203,560,000 after purchasing an additional 697,192 shares during the period. New York State Common Retirement Fund purchased a new position in NetEase during the 1st quarter valued at $28,765,000. Finally, TT International Asset Management LTD purchased a new position in NetEase during the 1st quarter valued at $21,918,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. downgraded shares of NetEase from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $135.00 to $140.00 in a research report on Monday, July 28th. Arete Research raised shares of NetEase to a "strong-buy" rating in a research report on Wednesday, September 3rd. Barclays set a $120.00 price objective on shares of NetEase and gave the company an "equal weight" rating in a research report on Monday, August 18th. Arete raised shares of NetEase from a "sell" rating to a "buy" rating and set a $150.00 price objective on the stock in a research report on Wednesday, September 3rd. Finally, Zacks Research downgraded shares of NetEase from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, NetEase currently has an average rating of "Moderate Buy" and an average target price of $132.00.

NetEase Stock Performance

NTES opened at $152.94 on Wednesday. The stock has a market capitalization of $96.90 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.03 and a beta of 0.67. The company's 50-day simple moving average is $137.51 and its two-hundred day simple moving average is $122.31. NetEase, Inc. has a 52-week low of $75.88 and a 52-week high of $159.55.

NetEase Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Thursday, August 28th were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.70 annualized dividend and a dividend yield of 1.8%. NetEase's dividend payout ratio is presently 30.72%.

About NetEase

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.

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