Moseley Investment Management Inc. Acquires Shares of 2,000 NetEase, Inc. (NASDAQ:NTES)

Moseley Investment Management Inc. purchased a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 2,000 shares of the technology company's stock, valued at approximately $206,000.

A number of other hedge funds have also recently made changes to their positions in NTES. Brighton Jones LLC grew its position in shares of NetEase by 1.1% during the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock valued at $919,000 after purchasing an additional 117 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of NetEase by 1.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,190 shares of the technology company's stock worth $641,000 after acquiring an additional 114 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of NetEase during the 4th quarter worth $174,000. Focus Financial Network Inc. bought a new stake in shares of NetEase during the 4th quarter worth $318,000. Finally, V Square Quantitative Management LLC lifted its holdings in shares of NetEase by 17.8% during the 4th quarter. V Square Quantitative Management LLC now owns 4,694 shares of the technology company's stock worth $421,000 after acquiring an additional 710 shares during the last quarter. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NTES. Benchmark lifted their price objective on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of NetEase in a report on Monday, May 12th. They set a "buy" rating and a $130.00 price objective for the company. Morgan Stanley lifted their price objective on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. boosted their price target on shares of NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Finally, Wall Street Zen raised shares of 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 assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $119.38.

NetEase Trading Up 1.2%

Shares of NTES stock traded up $1.63 during mid-day trading on Wednesday, reaching $132.97. The stock had a trading volume of 1,135,644 shares, compared to its average volume of 1,539,587. The stock's 50-day moving average price is $110.07 and its two-hundred day moving average price is $102.15. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $133.70. The firm has a market capitalization of $84.25 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 3.37 and a beta of 0.67.

NetEase Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, May 30th. NetEase's payout ratio is 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.