2,058 Shares in NetEase, Inc. (NASDAQ:NTES) Bought by Burford Brothers Inc.

Burford Brothers Inc. bought a new stake in NetEase, Inc. (NASDAQ:NTES - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,058 shares of the technology company's stock, valued at approximately $212,000.

A number of other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of NetEase by 1.1% in the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock worth $919,000 after buying an additional 117 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in NetEase by 5.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,569 shares of the technology company's stock worth $264,000 after buying an additional 132 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of NetEase by 2.7% during the first quarter. Fifth Third Bancorp now owns 5,264 shares of the technology company's stock valued at $542,000 after acquiring an additional 138 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of NetEase by 81.7% in the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after purchasing an additional 152 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of NetEase by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 9,884 shares of the technology company's stock valued at $1,017,000 after purchasing an additional 153 shares during the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

NetEase Stock Performance

Shares of NTES stock traded up $1.62 on Monday, reaching $129.90. 419,917 shares of the company were exchanged, compared to its average volume of 1,325,160. The company has a market cap of $82.30 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 4.47 and a beta of 0.69. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $135.32. The business has a 50-day moving average price of $124.63 and a 200 day moving average price of $108.64.

NetEase Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.675 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.70 annualized dividend and a yield of 2.08%. NetEase's dividend payout ratio (DPR) is currently 38.71%.

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.