Focus Partners Wealth Invests $310,000 in NetEase, Inc. (NASDAQ:NTES)

Focus Partners Wealth acquired a new stake in NetEase, Inc. (NASDAQ:NTES - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,458 shares of the technology company's stock, valued at approximately $310,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WT Asset Management Ltd purchased a new position in shares of NetEase in the 4th quarter valued at about $2,624,000. SG Americas Securities LLC purchased a new position in shares of NetEase in the 4th quarter valued at about $654,000. SVB Wealth LLC purchased a new position in shares of NetEase in the 4th quarter valued at about $3,817,000. Greenwoods Asset Management Hong Kong Ltd. boosted its stake in shares of NetEase by 10.8% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company's stock valued at $324,088,000 after buying an additional 354,273 shares during the period. Finally, Focus Financial Network Inc. purchased a new stake in NetEase during the fourth quarter worth approximately $318,000. Hedge funds and other institutional investors own 11.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NTES shares. Barclays boosted their target price on NetEase from $104.00 to $118.00 and gave the stock 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 price objective for the company. JPMorgan Chase & Co. boosted their target price on NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a report on Thursday. Finally, Benchmark upped their price objective on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $119.38.

NetEase Stock Up 0.6%

Shares of NTES traded up $0.73 during trading hours on Friday, reaching $119.75. 1,023,305 shares of the company traded hands, compared to its average volume of 1,576,050. The stock has a market capitalization of $75.87 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $123.56. The stock has a fifty day simple moving average of $104.37 and a 200 day simple moving average of $98.47.

NetEase (NASDAQ:NTES - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.14. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. Research analysts predict that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.675 per share. The ex-dividend date of this dividend is Friday, May 30th. NetEase's dividend payout ratio is presently 38.85%.

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.