May Hill Capital LLC Acquires Shares of 2,011 NetEase, Inc. (NASDAQ:NTES)

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

Other hedge funds also recently bought and sold shares of the company. Mather Group LLC. raised its holdings in NetEase by 1,415.0% in the 1st quarter. Mather Group LLC. now owns 303 shares of the technology company's stock valued at $31,000 after acquiring an additional 283 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in NetEase by 81.7% in 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 last quarter. TD Private Client Wealth LLC acquired a new stake in NetEase in the 1st quarter valued at approximately $65,000. Toronto Dominion Bank acquired a new stake in NetEase in the 4th quarter valued at approximately $145,000. Finally, Pine Haven Investment Counsel Inc acquired a new stake in NetEase in the 1st quarter valued at approximately $206,000. Institutional investors and hedge funds own 11.07% of the company's stock.

NetEase Stock Down 2.0%

NTES traded down $2.63 on Thursday, reaching $127.62. The company had a trading volume of 1,378,602 shares, compared to its average volume of 1,482,300. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $135.32. The stock has a market capitalization of $80.86 billion, a PE ratio of 18.36, a P/E/G ratio of 4.64 and a beta of 0.69. The stock has a 50-day moving average price of $123.83 and a 200-day moving average price of $107.92.

NetEase Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.675 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.70 dividend on an annualized basis and a yield of 2.12%. NetEase's dividend payout ratio is presently 38.71%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of NetEase in a report on Monday, May 12th. They issued a "buy" rating and a $130.00 target price for the company. Wall Street Zen raised shares of NetEase from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Barclays raised their price target 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. Finally, JPMorgan Chase & Co. raised their price target 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 analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $119.38.

NetEase 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.