NetEase, Inc. (NASDAQ:NTES) is APEIRON CAPITAL Ltd's 7th Largest Position

APEIRON CAPITAL Ltd trimmed its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 24.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,821 shares of the technology company's stock after selling 31,500 shares during the quarter. NetEase comprises about 4.6% of APEIRON CAPITAL Ltd's holdings, making the stock its 7th largest position. APEIRON CAPITAL Ltd's holdings in NetEase were worth $10,068,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Pine Haven Investment Counsel Inc purchased a new stake in shares of NetEase during the first quarter valued at approximately $206,000. GAMMA Investing LLC boosted its holdings in shares of NetEase by 10,192.0% during the first quarter. GAMMA Investing LLC now owns 2,573 shares of the technology company's stock worth $265,000 after purchasing an additional 2,548 shares during the period. Farther Finance Advisors LLC grew its stake in shares of NetEase by 191.7% in the first quarter. Farther Finance Advisors LLC now owns 986 shares of the technology company's stock worth $105,000 after purchasing an additional 648 shares during the last quarter. Moseley Investment Management Inc. purchased a new position in NetEase during the 1st quarter valued at about $206,000. Finally, Public Employees Retirement System of Ohio raised its position in NetEase by 3.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 128,316 shares of the technology company's stock valued at $11,447,000 after purchasing an additional 3,883 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors.

NetEase Trading Up 2.9%

NASDAQ:NTES traded up $3.72 on Tuesday, reaching $134.05. 992,793 shares of the stock traded hands, compared to its average volume of 1,528,337. The company has a market capitalization of $84.93 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 4.48 and a beta of 0.67. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $134.04. The company's fifty day simple moving average is $116.42 and its 200 day simple moving average is $104.88.

NetEase Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, May 30th. NetEase's dividend payout ratio is currently 38.71%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on NetEase in a research note on Monday, May 12th. They set a "buy" rating and a $130.00 target price on the stock. JPMorgan Chase & Co. upped their target price on NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Finally, Barclays boosted their target price on shares of NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. One investment 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 stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $119.38.

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.