Burford Brothers Inc. Purchases New Shares in NetEase, Inc. (NASDAQ:NTES)

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

Other large investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in shares of NetEase by 1.1% during the fourth quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock valued at $919,000 after acquiring an additional 117 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of NetEase in the 4th quarter valued at approximately $2,192,000. HighTower Advisors LLC raised its position in shares of NetEase by 112.1% in the 4th quarter. HighTower Advisors LLC now owns 8,330 shares of the technology company's stock valued at $743,000 after purchasing an additional 4,402 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 in the last quarter. Finally, Aurora Investment Counsel raised its position in shares of NetEase by 9.1% in the 4th quarter. Aurora Investment Counsel now owns 28,692 shares of the technology company's stock valued at $2,560,000 after purchasing an additional 2,387 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NTES. Deutsche Bank Aktiengesellschaft began coverage on shares of NetEase in a report on Monday, May 12th. They set a "buy" rating and a $130.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Barclays upped 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. Finally, Wall Street Zen upgraded 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, NetEase has a consensus rating of "Buy" and an average target price of $119.38.

NetEase Price Performance

NASDAQ:NTES traded up $0.70 during midday trading on Friday, reaching $128.28. 533,143 shares of the company traded hands, compared to its average volume of 1,477,417. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $135.32. The company has a fifty day moving average price of $124.25 and a 200 day moving average price of $108.17. The firm has a market capitalization of $81.28 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 4.44 and a beta of 0.69.

NetEase Dividend Announcement

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