Two Sigma Advisers LP Grows Stock Holdings in NetEase, Inc. (NASDAQ:NTES)

Two Sigma Advisers LP grew its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 145.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,800 shares of the technology company's stock after buying an additional 5,800 shares during the quarter. Two Sigma Advisers LP's holdings in NetEase were worth $874,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of NetEase by 1.1% during the 4th 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 during the period. Caprock Group LLC bought a new position in shares of NetEase during the 4th quarter worth approximately $239,000. China Universal Asset Management Co. Ltd. acquired a new position in NetEase during the 4th quarter valued at approximately $812,000. Caas Capital Management LP boosted its holdings in shares of NetEase by 62.7% in the 4th quarter. Caas Capital Management LP now owns 26,467 shares of the technology company's stock valued at $2,361,000 after acquiring an additional 10,200 shares during the last quarter. Finally, Ping Capital Management Inc. boosted its holdings in shares of NetEase by 120.0% in the 4th quarter. Ping Capital Management Inc. now owns 5,500 shares of the technology company's stock valued at $491,000 after acquiring an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 11.07% of the company's stock.

NetEase Price Performance

Shares of NetEase stock traded up $1.41 during trading hours on Thursday, hitting $128.63. The company's stock had a trading volume of 944,923 shares, compared to its average volume of 1,545,828. The company has a market capitalization of $81.50 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66. The stock has a 50 day moving average of $108.14 and a 200 day moving average of $100.89. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $129.05.

NetEase Dividend Announcement

The company also recently disclosed a quarterly 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. This represents a $2.70 annualized dividend and a yield of 2.10%. NetEase's payout ratio is 38.71%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NTES. Deutsche Bank Aktiengesellschaft assumed coverage on shares of NetEase in a research report on Monday, May 12th. They set a "buy" rating and a $130.00 price objective for the company. Benchmark lifted their target price on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, February 21st. Morgan Stanley boosted their price objective 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. Barclays boosted their price objective on shares of NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, May 16th. Finally, Wall Street Zen raised shares of NetEase from a "buy" rating to a "strong-buy" rating in a research note 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average 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.