Capital Wealth Planning LLC Takes Position in NetEase, Inc. $NTES

Key Points

• Capital Wealth Planning LLC opened a new position in NetEase (NASDAQ:NTES) in Q3, buying 76,751 shares valued at about $11.665 million, according to its Form 13F filing.
• NetEase raised its quarterly dividend to $1.16 from $0.57 (annualized $4.64), implying a 3.9% yield and a dividend payout ratio of 30.93%; the record date is March 16 and payment date March 27.
• Analysts rate NetEase a Moderate Buy (eight Buys, three Holds) with a consensus target of $153.89, while the stock trades near $117.51 with a P/E of 16.01 and a market cap of $74.45 billion.

Capital Wealth Planning LLC acquired a new position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,751 shares of the technology company's stock, valued at approximately $11,665,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Vise Technologies Inc. lifted its position in NetEase by 1.9% in the 3rd quarter. Vise Technologies Inc. now owns 7,197 shares of the technology company's stock valued at $1,094,000 after acquiring an additional 134 shares in the last quarter. Sei Investments Co. increased its holdings in NetEase by 13.8% during the 3rd quarter. Sei Investments Co. now owns 28,343 shares of the technology company's stock worth $4,308,000 after purchasing an additional 3,441 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of NetEase by 38.2% in the 3rd quarter. Mackenzie Financial Corp now owns 188,782 shares of the technology company's stock valued at $28,693,000 after purchasing an additional 52,207 shares during the period. Quadrant Capital Group LLC raised its stake in shares of NetEase by 16.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,664 shares of the technology company's stock valued at $405,000 after purchasing an additional 386 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of NetEase by 18.6% in the third quarter. Van ECK Associates Corp now owns 681,808 shares of the technology company's stock valued at $103,628,000 after purchasing an additional 107,004 shares in the last quarter. 11.07% of the stock is owned by institutional investors.

NetEase Trading Up 1.1%

NASDAQ NTES opened at $117.51 on Friday. The firm has a market capitalization of $74.45 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.48 and a beta of 0.74. The firm's fifty day moving average price is $126.28 and its two-hundred day moving average price is $137.15. NetEase, Inc. has a 1 year low of $88.54 and a 1 year high of $159.55.

NetEase Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 16th will be paid a $1.16 dividend. This is an increase from NetEase's previous quarterly dividend of $0.57. The ex-dividend date is Monday, March 16th. This represents a $4.64 annualized dividend and a yield of 3.9%. NetEase's dividend payout ratio (DPR) is 30.93%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of NetEase in a report on Monday, December 22nd. Sanford C. Bernstein set a $155.00 target price on NetEase in a research note on Friday, November 21st. Benchmark reaffirmed a "buy" rating on shares of NetEase in a research report on Thursday, February 12th. Barclays decreased their price target on shares of NetEase from $135.00 to $132.00 and set an "equal weight" rating for the company in a research note on Thursday, February 12th. Finally, Wall Street Zen downgraded shares of NetEase from a "buy" rating to a "hold" rating in a report on Sunday, November 23rd. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, NetEase has an average rating of "Moderate Buy" and a consensus target price of $153.89.

NetEase Company Profile

NetEase, Inc NASDAQ: NTES is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company's founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company's primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.

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