15,269 Shares in NetEase, Inc. (NASDAQ:NTES) Purchased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. bought a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 15,269 shares of the technology company's stock, valued at approximately $1,362,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake in NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock valued at $40,000 after purchasing an additional 111 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in NetEase by 1.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,190 shares of the technology company's stock valued at $641,000 after purchasing an additional 114 shares during the period. Brighton Jones LLC boosted its stake in NetEase by 1.1% during the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock valued at $919,000 after purchasing an additional 117 shares during the period. Farther Finance Advisors LLC boosted its stake in NetEase by 81.7% during 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 period. Finally, Euro Pacific Asset Management LLC boosted its stake in NetEase by 1.3% during the 4th quarter. Euro Pacific Asset Management LLC now owns 13,137 shares of the technology company's stock valued at $1,172,000 after purchasing an additional 173 shares during the period. Institutional investors own 11.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NTES shares. Morgan Stanley increased their target price on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upped their price target on NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Deutsche Bank Aktiengesellschaft assumed coverage on NetEase in a report on Monday, May 12th. They issued a "buy" rating and a $130.00 price target for the company. Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Finally, Barclays upped their price target on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $119.38.

NetEase Trading Up 0.3%

NTES stock traded up $0.41 during trading on Thursday, hitting $124.27. The company had a trading volume of 1,348,101 shares, compared to its average volume of 1,565,406. The company has a fifty day moving average price of $105.75 and a two-hundred day moving average price of $99.37. The company has a market cap of $78.74 billion, a P/E ratio of 19.51, a P/E/G 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 $128.00.

NetEase Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.675 dividend. The ex-dividend date of this dividend is Friday, May 30th. NetEase's dividend payout ratio (DPR) is presently 38.71%.

NetEase Company 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.