OLD Mission Capital LLC Acquires Shares of 83,446 NetEase, Inc. $NTES

Key Points

• OLD Mission Capital LLC acquired 83,446 shares of NetEase, Inc., valued at approximately $8.6 million, during the first quarter of the year.
• NetEase announced a quarterly dividend of $0.675 per share, which will be paid on September 11th, representing a 2.0% yield.
• The stock is currently rated as a "Moderate Buy" with an average price target of $122.71 based on recent analyst reports.

OLD Mission Capital LLC acquired a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 83,446 shares of the technology company's stock, valued at approximately $8,588,000.

Several other institutional investors also recently bought and sold shares of NTES. Brighton Jones LLC grew its position in NetEase by 1.1% during the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock valued at $919,000 after purchasing an additional 117 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in NetEase during the 4th quarter valued at about $2,192,000. First Trust Advisors LP grew its position in NetEase by 129.0% during the 4th quarter. First Trust Advisors LP now owns 5,821 shares of the technology company's stock valued at $519,000 after purchasing an additional 3,279 shares during the last quarter. Dimensional Fund Advisors LP grew its position in NetEase by 11.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 715,882 shares of the technology company's stock valued at $63,874,000 after purchasing an additional 73,349 shares during the last quarter. Finally, Northern Trust Corp grew its position in NetEase by 138.5% during the 4th quarter. Northern Trust Corp now owns 430,653 shares of the technology company's stock valued at $38,419,000 after purchasing an additional 250,111 shares during the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Stock Performance

NTES traded down $0.48 during trading on Tuesday, reaching $135.71. 782,809 shares of the company traded hands, compared to its average volume of 1,211,190. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $141.45. The firm has a fifty day simple moving average of $132.75 and a 200 day simple moving average of $117.33. The company has a market cap of $85.98 billion, a P/E ratio of 18.36, a PEG ratio of 1.82 and a beta of 0.67.

NetEase Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, August 28th. NetEase's dividend payout ratio (DPR) is 30.72%.

Analyst Ratings Changes

Several equities analysts have issued reports on NTES shares. JPMorgan Chase & Co. cut shares of NetEase from an "overweight" rating to a "neutral" rating and upped their target price for the company from $135.00 to $140.00 in a research note on Monday, July 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of NetEase in a research note on Monday, May 12th. They set a "buy" rating and a $130.00 target price on the stock. Barclays set a $120.00 target price on shares of NetEase and gave the company an "equal weight" rating in a research note on Monday, August 18th. Zacks Research cut shares of NetEase from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Wall Street Zen upgraded shares of NetEase from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $122.71.

NetEase Company 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.