70,297 Shares in NetEase, Inc. $NTES Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP has acquired a new stake in NetEase, Inc. ($NTES), purchasing 70,297 shares valued at approximately $7.2 million during the 1st quarter.
• Several other institutional investors also increased their stakes in NetEase, resulting in a total institutional ownership of 11.07% of the company's stock.
• NetEase recently declared a quarterly dividend of $0.675 per share, with an annualized dividend yield of 2.0%.

Trexquant Investment LP purchased a new position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 70,297 shares of the technology company's stock, valued at approximately $7,235,000.

A number of other large investors have also recently bought and sold shares of the business. Lazard Asset Management LLC raised its position in NetEase by 2.0% during the 4th 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in NetEase by 7,698.2% during 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 in the last quarter. Dodge & Cox increased its holdings in NetEase by 5.8% during the 1st quarter. Dodge & Cox now owns 2,803,664 shares of the technology company's stock valued at $288,553,000 after acquiring an additional 153,788 shares in the last quarter. Wellington Management Group LLP increased its holdings in NetEase by 111.7% during the 1st quarter. Wellington Management Group LLP now owns 1,988,541 shares of the technology company's stock valued at $204,661,000 after acquiring an additional 1,049,023 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of NetEase by 54.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,977,835 shares of the technology company's stock worth $203,560,000 after purchasing an additional 697,192 shares during the last quarter. Institutional investors and hedge funds own 11.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NTES shares. Zacks Research cut shares of NetEase from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Arete raised shares of NetEase from a "sell" rating to a "buy" rating and set a $150.00 price target on the stock in a research report on Wednesday. JPMorgan Chase & Co. lowered shares of NetEase from an "overweight" rating to a "neutral" rating and raised their price target for the company from $135.00 to $140.00 in a report on Monday, July 28th. Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of NetEase in a report on Monday, May 12th. They issued a "buy" rating and a $130.00 price target on the stock. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, NetEase presently has an average rating of "Moderate Buy" and a consensus price target of $128.78.

NetEase Stock Performance

NASDAQ NTES traded down $1.68 on Thursday, reaching $133.17. The company's stock had a trading volume of 250,245 shares, compared to its average volume of 1,201,430. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $141.45. The stock has a market cap of $84.37 billion, a PE ratio of 18.02, a PEG ratio of 1.82 and a beta of 0.67. The firm's 50 day moving average is $132.81 and its two-hundred day moving average is $117.58.

NetEase Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 28th will be issued a $0.675 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.0%. NetEase's dividend payout ratio is currently 30.72%.

NetEase Company 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.