Compound Planning Inc. Acquires 2,026 Shares of NetEase, Inc. $NTES

Key Points

• Compound Planning Inc. increased its holdings in NetEase, Inc. by 51.5%, acquiring an additional 2,026 shares to own a total of 5,963 shares valued at $614,000 at the end of the last quarter.
• Several institutional investors, including Mather Group LLC and Allianz SE, have significantly increased their stakes in NetEase, indicating growing interest among hedge funds.
• NetEase recently declared a quarterly dividend of $0.675 per share, representing an annualized yield of 2.0% with a payout ratio of 36.40%.

Compound Planning Inc. increased its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 51.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,963 shares of the technology company's stock after acquiring an additional 2,026 shares during the period. Compound Planning Inc.'s holdings in NetEase were worth $614,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. lifted its stake in shares of NetEase by 1,415.0% during the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company's stock worth $31,000 after acquiring an additional 283 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in shares of NetEase during the 1st quarter worth approximately $65,000. Farther Finance Advisors LLC increased its holdings in NetEase by 191.7% during the 1st quarter. Farther Finance Advisors LLC now owns 986 shares of the technology company's stock worth $105,000 after purchasing an additional 648 shares during the period. Allianz SE purchased a new position in NetEase during the 1st quarter worth $110,000. Finally, Greykasell Wealth Strategies Inc. purchased a new position in NetEase during the 1st quarter worth $144,000. 11.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on NTES. Deutsche Bank Aktiengesellschaft began coverage on NetEase in a report on Monday, May 12th. They set a "buy" rating and a $130.00 price objective on the stock. Wall Street Zen downgraded NetEase from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Barclays set a $120.00 price objective on NetEase and gave the stock an "equal weight" rating in a report on Monday, August 18th. JPMorgan Chase & Co. downgraded NetEase from an "overweight" rating to a "neutral" rating and raised their price objective for the stock from $135.00 to $140.00 in a report on Monday, July 28th. Finally, Zacks Research downgraded NetEase from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Five 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.71.

NetEase Trading Up 0.0%

Shares of NASDAQ:NTES opened at $131.89 on Monday. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $141.45. The business's fifty day simple moving average is $131.93 and its 200-day simple moving average is $116.03. The company has a market capitalization of $83.56 billion, a PE ratio of 17.85, a P/E/G ratio of 1.74 and a beta of 0.67.

NetEase Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 28th will be issued a $0.675 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.0%. NetEase's dividend payout ratio (DPR) is currently 36.40%.

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.

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