7,000 Shares in NetEase, Inc. (NASDAQ:NTES) Acquired by Nkcfo LLC

Key Points

• Nkcfo LLC has invested $720,000 in NetEase, Inc. by acquiring 7,000 shares of the company's stock during the first quarter.
• Several institutional investors, including Capital World Investors and Mirae Asset Global Investments, have significantly increased their holdings in NetEase, reflecting growing interest in the company.
• NetEase announced a quarterly dividend of $0.675, boasting an annual yield of 1.99%, with a dividend payout ratio of 38.71%.

Nkcfo LLC acquired a new stake in NetEase, Inc. (NASDAQ:NTES - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,000 shares of the technology company's stock, valued at approximately $720,000.

Several other hedge funds also recently bought and sold shares of the business. Capital World Investors grew its position in NetEase by 40.6% in the 4th quarter. Capital World Investors now owns 3,725,046 shares of the technology company's stock valued at $332,311,000 after acquiring an additional 1,074,818 shares during the last quarter. Lazard Asset Management LLC grew its position in NetEase by 2.0% in the 4th quarter. Lazard Asset Management LLC now owns 3,599,794 shares of the technology company's stock valued at $321,137,000 after acquiring an additional 69,789 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in NetEase by 7,698.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,817,021 shares of the technology company's stock valued at $289,928,000 after acquiring an additional 2,780,897 shares during the last quarter. Dodge & Cox grew its position in NetEase by 0.6% in the 4th quarter. Dodge & Cox now owns 2,649,876 shares of the technology company's stock valued at $236,395,000 after acquiring an additional 15,900 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of NetEase by 88.0% during the 4th quarter. Invesco Ltd. now owns 2,365,464 shares of the technology company's stock worth $211,023,000 after buying an additional 1,107,363 shares in the last quarter. Institutional investors own 11.07% of the company's stock.

NetEase Price Performance

NASDAQ NTES traded down $3.60 during trading on Monday, hitting $131.88. The company's stock had a trading volume of 546,805 shares, compared to its average volume of 588,291. The company has a market cap of $83.56 billion, a PE ratio of 18.98, a P/E/G ratio of 4.70 and a beta of 0.69. The business's 50 day simple moving average is $130.01 and its 200-day simple moving average is $112.12. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $141.45.

NetEase Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Friday, May 30th. NetEase's dividend payout ratio (DPR) is 38.71%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NTES. JPMorgan Chase & Co. downgraded NetEase from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $135.00 to $140.00 in a research report on Monday. Barclays increased their price target on NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, May 16th. Deutsche Bank Aktiengesellschaft began coverage on NetEase in a research report on Monday, May 12th. They set a "buy" rating and a $130.00 price target on the stock. Finally, Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.00.

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.