May Hill Capital LLC Invests $207,000 in NetEase, Inc. (NASDAQ:NTES)

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

Several other hedge funds have also recently bought and sold shares of NTES. Mather Group LLC. increased its position in NetEase by 1,415.0% in the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company's stock worth $31,000 after purchasing an additional 283 shares during the last quarter. 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. TD Private Client Wealth LLC bought a new stake in shares of NetEase during the first quarter valued at approximately $65,000. Toronto Dominion Bank bought a new stake in shares of NetEase during the fourth quarter valued at approximately $145,000. Finally, Pine Haven Investment Counsel Inc acquired a new stake in NetEase in the 1st quarter valued at $206,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on NTES. JPMorgan Chase & Co. boosted their price objective on NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Deutsche Bank Aktiengesellschaft assumed coverage on NetEase in a research report on Monday, May 12th. They set a "buy" rating and a $130.00 price objective for the company. Barclays upped their price objective on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a research note on Friday, May 16th. Finally, Wall Street Zen upgraded NetEase from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $119.38.

NetEase Stock Down 2.3%

NTES traded down $3.03 during midday trading on Wednesday, hitting $130.25. 670,382 shares of the company were exchanged, compared to its average volume of 1,482,389. The firm's 50 day moving average price is $123.37 and its 200-day moving average price is $107.77. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $135.32. The firm has a market capitalization of $82.53 billion, a P/E ratio of 18.74, a P/E/G ratio of 4.64 and a beta of 0.69.

NetEase Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Friday, May 30th. NetEase's dividend payout ratio (DPR) 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.