GTS Securities LLC Takes Position in NetEase, Inc. (NASDAQ:NTES)

GTS Securities LLC purchased a new position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,355 shares of the technology company's stock, valued at approximately $210,000.

Other large investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of NetEase by 1.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,190 shares of the technology company's stock valued at $641,000 after buying an additional 114 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of 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 buying an additional 117 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of 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 buying an additional 152 shares during the period. Polar Capital Holdings Plc raised its holdings in NetEase by 11.1% in the 4th quarter. Polar Capital Holdings Plc now owns 2,397 shares of the technology company's stock worth $214,000 after acquiring an additional 240 shares during the period. Finally, Cerity Partners LLC increased its holdings in shares of NetEase by 5.8% during the 4th quarter. Cerity Partners LLC now owns 5,837 shares of the technology company's stock worth $529,000 after purchasing an additional 318 shares during the period. Institutional investors own 11.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of NetEase from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Barclays upped their target price on shares of NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a research note on Friday, May 16th. Benchmark increased their price objective on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their price target on shares of NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of NetEase in a research report on Monday, May 12th. They set a "buy" rating and a $130.00 price target on the stock. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $119.38.

NetEase Price Performance

NetEase stock traded up $1.16 during mid-day trading on Wednesday, reaching $127.22. 942,520 shares of the company traded hands, compared to its average volume of 1,553,598. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $127.62. The firm has a market capitalization of $80.61 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 3.37 and a beta of 0.66. The firm's 50 day moving average price is $108.14 and its 200 day moving average price is $100.89.

NetEase Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.675 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.70 annualized dividend and a dividend yield of 2.12%. NetEase's dividend payout ratio is currently 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.