NetEase, Inc. $NTES Position Lifted by Ninety One North America Inc.

Key Points

• Ninety One North America Inc. increased its stake in NetEase by 52.5%, owning approximately 483,745 shares post-investment, which makes NetEase the 10th largest holding in their portfolio.
• NetEase recently announced a quarterly dividend of $0.675, translating to an annualized dividend of $2.70 with a yield of 1.8%.
• Wall Street analysts have mixed ratings on NetEase stock, with a consensus rating of "Moderate Buy" and an average target price of $132.00.

Ninety One North America Inc. boosted its stake in NetEase, Inc. (NASDAQ:NTES - Free Report) by 52.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 483,745 shares of the technology company's stock after buying an additional 166,432 shares during the quarter. NetEase makes up approximately 3.2% of Ninety One North America Inc.'s portfolio, making the stock its 10th largest holding. Ninety One North America Inc. owned approximately 0.08% of NetEase worth $65,102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTES. Brighton Jones LLC lifted its stake in NetEase by 1.1% in the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock worth $919,000 after purchasing an additional 117 shares in the last quarter. GAMMA Investing LLC lifted its stake in NetEase by 10,192.0% in the 1st 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 in the last quarter. Myriad Asset Management US LP purchased a new position in NetEase in the 1st quarter worth approximately $2,407,000. Pine Haven Investment Counsel Inc purchased a new position in NetEase in the 1st quarter worth approximately $206,000. Finally, Farther Finance Advisors LLC lifted its stake in NetEase by 191.7% in the 1st quarter. Farther Finance Advisors LLC now owns 986 shares of the technology company's stock worth $105,000 after purchasing an additional 648 shares in the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Stock Performance

NTES stock opened at $151.99 on Wednesday. NetEase, Inc. has a one year low of $75.88 and a one year high of $159.55. The firm's 50 day moving average price is $138.97 and its 200-day moving average price is $123.93. The firm has a market cap of $96.30 billion, a PE ratio of 20.57, a PEG ratio of 2.02 and a beta of 0.67.

NetEase Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Thursday, August 28th were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, August 28th. NetEase's dividend payout ratio (DPR) is 30.72%.

Wall Street Analysts Forecast Growth

NTES has been the topic of a number of research reports. Barclays set a $120.00 target price on shares of NetEase and gave the stock an "equal weight" rating in a research note on Monday, August 18th. JPMorgan Chase & Co. lowered shares of NetEase from an "overweight" rating to a "neutral" rating and raised their target price for the stock from $135.00 to $140.00 in a research note on Monday, July 28th. Zacks Research lowered shares of NetEase from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. The Goldman Sachs Group set a $161.00 price target on shares of NetEase and gave the company a "buy" rating in a research report on Monday, September 15th. Finally, Wall Street Zen lowered shares of NetEase from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $132.00.

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.

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