Quantinno Capital Management LP Takes Position in NetEase, Inc. (NASDAQ:NTES)

Quantinno Capital Management LP acquired a new position in NetEase, Inc. (NASDAQ:NTES - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,029 shares of the technology company's stock, valued at approximately $449,000.

Several other large investors also recently added to or reduced their stakes in the business. Capital World Investors boosted its stake in shares of NetEase by 40.6% during the 4th quarter. Capital World Investors now owns 3,725,046 shares of the technology company's stock worth $332,311,000 after acquiring an additional 1,074,818 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. grew its holdings in NetEase by 10.8% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company's stock valued at $324,088,000 after purchasing an additional 354,273 shares during the period. Lazard Asset Management LLC increased its position in NetEase by 2.0% in the fourth quarter. Lazard Asset Management LLC now owns 3,599,794 shares of the technology company's stock worth $321,137,000 after buying an additional 69,789 shares in the last quarter. Dodge & Cox increased its position in NetEase by 0.6% in the fourth quarter. Dodge & Cox now owns 2,649,876 shares of the technology company's stock worth $236,395,000 after buying an additional 15,900 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of NetEase by 88.0% in the fourth 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 during the period. 11.07% of the stock is currently owned by institutional investors.

NetEase Stock Performance

Shares of NTES traded down $2.17 during midday trading on Friday, hitting $121.43. 269,872 shares of the company traded hands, compared to its average volume of 1,559,943. The stock has a market cap of $76.93 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 3.37 and a beta of 0.66. The firm has a 50 day moving average of $106.24 and a 200-day moving average of $99.69. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $126.81.

NetEase Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.675 per share. The ex-dividend date of this dividend is Friday, May 30th. NetEase's payout ratio is 38.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NTES shares. Deutsche Bank Aktiengesellschaft began coverage on shares of NetEase in a report on Monday, May 12th. They issued a "buy" rating and a $130.00 target price for the company. JPMorgan Chase & Co. raised their price objective 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 lifted their target price on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Benchmark increased their price target on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Wall Street Zen upgraded 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 issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price 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.