103,300 Shares in NetEase, Inc. (NASDAQ:NTES) Acquired by Ariose Capital Management Ltd

Ariose Capital Management Ltd purchased a new position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 103,300 shares of the technology company's stock, valued at approximately $10,632,000. NetEase comprises about 11.7% of Ariose Capital Management Ltd's investment portfolio, making the stock its 5th largest holding.

Several other hedge funds have also added to or reduced their stakes in NTES. Capital World Investors increased its stake in NetEase by 40.6% during the 4th quarter. Capital World Investors now owns 3,725,046 shares of the technology company's stock worth $332,311,000 after acquiring an additional 1,074,818 shares during the period. Lazard Asset Management LLC increased its position in shares of NetEase by 2.0% in the fourth quarter. Lazard Asset Management LLC now owns 3,599,794 shares of the technology company's stock worth $321,137,000 after purchasing an additional 69,789 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position 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 purchasing an additional 2,780,897 shares during the period. Dodge & Cox raised its stake in NetEase by 0.6% in the fourth quarter. Dodge & Cox now owns 2,649,876 shares of the technology company's stock valued at $236,395,000 after purchasing an additional 15,900 shares in the last quarter. Finally, Invesco Ltd. lifted its position in NetEase by 88.0% during the fourth quarter. Invesco Ltd. now owns 2,365,464 shares of the technology company's stock worth $211,023,000 after purchasing an additional 1,107,363 shares during the period. 11.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of NetEase in a research report on Monday, May 12th. They set a "buy" rating and a $130.00 price target on the stock. Barclays raised their target price on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. JPMorgan Chase & Co. upped their price objective on NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $119.38.

NetEase Price Performance

NTES stock traded up $0.70 during midday trading on Friday, reaching $128.28. 533,143 shares of the stock were exchanged, compared to its average volume of 1,477,417. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $135.32. The company has a fifty day moving average price of $124.63 and a 200 day moving average price of $108.41. The stock has a market capitalization of $81.28 billion, a PE ratio of 18.46, a P/E/G ratio of 4.44 and a beta of 0.69.

NetEase Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.10%. NetEase's dividend payout ratio (DPR) is presently 38.71%.

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.