Public Employees Retirement System of Ohio Raises Stake in NetEase, Inc. (NASDAQ:NTES)

Public Employees Retirement System of Ohio raised its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,316 shares of the technology company's stock after purchasing an additional 3,883 shares during the quarter. Public Employees Retirement System of Ohio's holdings in NetEase were worth $11,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after acquiring an additional 111 shares in the last quarter. Atomi Financial Group Inc. raised its position in NetEase by 25.8% in the 4th quarter. Atomi Financial Group Inc. now owns 3,937 shares of the technology company's stock worth $351,000 after purchasing an additional 808 shares during the last quarter. SG Americas Securities LLC bought a new stake in NetEase during the 4th quarter worth about $654,000. Avior Wealth Management LLC raised its stake in shares of NetEase by 148.9% during the fourth quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock worth $89,000 after buying an additional 594 shares during the last quarter. Finally, Brighton Jones LLC increased its stake in NetEase by 1.1% in the fourth 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. Institutional investors and hedge funds own 11.07% of the company's stock.

NetEase Stock Performance

NTES traded down $0.43 during trading on Wednesday, reaching $123.86. 1,116,568 shares of the company traded hands, compared to its average volume of 1,566,232. The company has a market cap of $78.48 billion, a P/E ratio of 19.44, a PEG ratio of 3.37 and a beta of 0.66. The firm has a fifty day simple moving average of $105.22 and a 200 day simple moving average of $99.20. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $125.96.

NetEase Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.675 dividend. The ex-dividend date of this dividend is Friday, May 30th. NetEase's dividend payout ratio (DPR) is 38.71%.

Analysts Set New Price Targets

NTES has been the topic of several analyst reports. Barclays upped their target price on NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a report on Friday, May 16th. Benchmark boosted their target price on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. upped 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. Morgan Stanley increased their price target on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Wall Street Zen raised shares of NetEase from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. One investment 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's stock. According to MarketBeat.com, NetEase presently has an average rating of "Buy" and an average 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.