Integrated Quantitative Investments LLC Takes $2.71 Million Position in NetEase, Inc. $NTES

Key Points

• Integrated Quantitative Investments LLC bought a new stake of 17,801 NetEase shares valued at about $2.71 million in Q3, representing roughly 0.8% of its portfolio and the firm's 12th-largest holding.
• NetEase raised its quarterly dividend to $1.16 (up from $0.57), implying a $4.64 annualized payout and a ~4.0% yield, with record/ex-dividend date on March 16 and payment on March 27.
• Wall Street consensus is a "Moderate Buy" (eight Buys, three Holds) with an average price target of $153.89 versus the recent share price around $117.08.

Integrated Quantitative Investments LLC purchased a new stake in NetEase, Inc. (NASDAQ:NTES - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,801 shares of the technology company's stock, valued at approximately $2,706,000. NetEase makes up about 0.8% of Integrated Quantitative Investments LLC's portfolio, making the stock its 12th largest position.

A number of other institutional investors and hedge funds have also modified their holdings of the company. NewSquare Capital LLC raised its stake in shares of NetEase by 137.2% in the 2nd quarter. NewSquare Capital LLC now owns 185 shares of the technology company's stock valued at $25,000 after buying an additional 107 shares in the last quarter. Cornerstone Planning Group LLC acquired a new stake in NetEase during the third quarter valued at approximately $33,000. Spire Wealth Management raised its holdings in shares of NetEase by 159.6% in the 2nd quarter. Spire Wealth Management now owns 257 shares of the technology company's stock worth $35,000 after buying an additional 158 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of NetEase during the 3rd quarter worth approximately $38,000. Finally, First Horizon Corp acquired a new stake in NetEase in the 3rd quarter valued at $45,000. 11.07% of the stock is currently owned by institutional investors.

NetEase Stock Up 1.3%

NetEase stock opened at $117.08 on Thursday. The stock has a market cap of $74.18 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.47 and a beta of 0.74. NetEase, Inc. has a 12-month low of $88.54 and a 12-month high of $159.55. The business's 50-day simple moving average is $129.51 and its 200 day simple moving average is $137.91.

NetEase Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 16th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, March 16th. This is a positive change from NetEase's previous quarterly dividend of $0.57. NetEase's payout ratio is 30.93%.

Wall Street Analysts Forecast Growth

NTES has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of NetEase from a "buy" rating to a "hold" rating in a research note on Sunday, November 23rd. Nomura decreased their price objective on shares of NetEase from $160.00 to $155.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. Benchmark reissued a "buy" rating on shares of NetEase in a report on Thursday, February 12th. Sanford C. Bernstein set a $155.00 price target on NetEase in a research report on Friday, November 21st. Finally, Citigroup reiterated a "buy" rating on shares of NetEase in a research report on Wednesday, February 11th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $153.89.

NetEase Profile

NetEase, Inc NASDAQ: NTES is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company's founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company's primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.

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