GTS Securities LLC Acquires New Shares in NetEase, Inc. (NASDAQ:NTES)

GTS Securities LLC acquired a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,355 shares of the technology company's stock, valued at approximately $210,000.

Several other large investors also recently modified their holdings of NTES. WT Asset Management Ltd acquired a new stake in NetEase in the 4th quarter valued at $2,624,000. SG Americas Securities LLC bought a new stake in shares of NetEase in the 4th quarter worth about $654,000. SVB Wealth LLC bought a new stake in shares of NetEase in the 4th quarter worth about $3,817,000. Focus Partners Wealth acquired a new stake in shares of NetEase during the 4th quarter worth about $310,000. Finally, Greenwoods Asset Management Hong Kong Ltd. lifted its holdings in NetEase by 10.8% during 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 purchasing an additional 354,273 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NTES. Barclays raised their price objective on shares of NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a report on Friday, May 16th. Benchmark raised their price target on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on NetEase in a research report on Monday, May 12th. They issued a "buy" rating and a $130.00 price objective for the company. Morgan Stanley increased their target price on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, NetEase presently has a consensus rating of "Buy" and an average target price of $119.38.

NetEase Price Performance

Shares of NASDAQ NTES traded up $1.44 during midday trading on Monday, hitting $123.20. The stock had a trading volume of 801,081 shares, compared to its average volume of 1,559,749. The firm has a market cap of $78.06 billion, a P/E ratio of 19.34, 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 $126.81. The company's 50-day simple moving average is $106.68 and its 200 day simple moving average is $100.26.

NetEase Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.675 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.70 dividend on an annualized basis and a yield of 2.19%. NetEase's payout ratio is presently 38.71%.

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.