2,011 Shares in NetEase, Inc. (NASDAQ:NTES) Bought by May Hill Capital LLC

May Hill Capital LLC bought a new position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,011 shares of the technology company's stock, valued at approximately $207,000.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased 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 worth $30,000 after buying an additional 152 shares during the period. Mather Group LLC. increased its stake in NetEase by 1,415.0% during the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company's stock worth $31,000 after buying an additional 283 shares during the period. TD Private Client Wealth LLC purchased a new stake in NetEase during the 1st quarter worth approximately $65,000. Toronto Dominion Bank purchased a new stake in NetEase during the 4th quarter worth approximately $145,000. Finally, Pine Haven Investment Counsel Inc purchased a new stake in NetEase during the 1st quarter worth approximately $206,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

NetEase Trading Up 0.5%

Shares of NASDAQ NTES traded up $0.70 during mid-day trading on Friday, reaching $128.28. The company had a trading volume of 533,143 shares, compared to its average volume of 1,477,417. The firm has a 50 day simple moving average of $124.63 and a two-hundred day simple moving average of $108.41. The stock has a market cap of $81.28 billion, a P/E ratio of 18.46, a PEG ratio of 4.44 and a beta of 0.69. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $135.32.

NetEase Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, May 30th. NetEase's dividend payout ratio (DPR) is 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.