Quantinno Capital Management LP Acquires 8,116 Shares of NetEase, Inc. $NTES

Key Points

• Quantinno Capital Management increased its NetEase stake by 29.7% in the first quarter, acquiring 8,116 shares and bringing its holdings to 35,444 shares valued at approximately $3.97 million.
• Analyst sentiment remains broadly positive, with seven Buy ratings and three Hold ratings producing a “Moderate Buy” consensus and an average price target of $158.38. However, several firms recently downgraded the stock to Hold.
• NetEase shares opened at $132.22, while the company paid a quarterly dividend of $0.72, equivalent to a 2.2% annualized yield; meanwhile, General Counsel Paul William Boltz Jr. sold 10,000 shares worth $1.28 million.

Quantinno Capital Management LP lifted its stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 29.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,444 shares of the technology company's stock after buying an additional 8,116 shares during the quarter. Quantinno Capital Management LP's holdings in NetEase were worth $3,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of NTES. V Square Quantitative Management LLC acquired a new stake in NetEase in the first quarter worth $25,000. Atlas Capital Advisors Inc. acquired a new position in shares of NetEase during the fourth quarter valued at about $47,000. Smartleaf Asset Management LLC raised its holdings in shares of NetEase by 3,381.8% during the second quarter. Smartleaf Asset Management LLC now owns 383 shares of the technology company's stock valued at $51,000 after purchasing an additional 372 shares during the period. Harbour Investments Inc. boosted its position in shares of NetEase by 7,480.0% during the 4th quarter. Harbour Investments Inc. now owns 379 shares of the technology company's stock worth $52,000 after purchasing an additional 374 shares in the last quarter. Finally, MidFirst Bank bought a new position in shares of NetEase during the 4th quarter worth about $57,000. Institutional investors and hedge funds own 11.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Weiss Ratings downgraded NetEase from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday. Wall Street Zen cut NetEase from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Zacks Research downgraded NetEase from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Benchmark reiterated a "buy" rating on shares of NetEase in a report on Friday, May 22nd. Finally, Morgan Stanley reissued an "overweight" rating and issued a $158.00 price target on shares of NetEase in a research report on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, NetEase has an average rating of "Moderate Buy" and a consensus price target of $158.38.

Insider Activity at NetEase

In other news, General Counsel Paul William Boltz, Jr. sold 10,000 shares of the business's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $128.30, for a total value of $1,283,000.00. Following the transaction, the general counsel owned 12,223 shares in the company, valued at $1,568,210.90. The trade was a 45.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 54.70% of the stock is currently owned by corporate insiders.

NetEase Price Performance

NASDAQ NTES opened at $132.22 on Friday. The company has a fifty day moving average price of $126.21 and a 200-day moving average price of $121.07. The firm has a market cap of $84.65 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.69 and a beta of 0.73. NetEase, Inc. has a 1 year low of $106.06 and a 1 year high of $159.55.

NetEase Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a $0.72 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.88 annualized dividend and a yield of 2.2%. NetEase's dividend payout ratio (DPR) is 38.11%.

About NetEase

NetEase, Inc NASDAQ: NTES is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company's founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company's primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.

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