Two Sigma Investments LP Has $27.49 Million Stake in NetEase, Inc. (NASDAQ:NTES)

Two Sigma Investments LP decreased its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,130 shares of the technology company's stock after selling 46,486 shares during the period. Two Sigma Investments LP's holdings in NetEase were worth $27,488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in shares of NetEase by 81.7% in the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after buying an additional 152 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of NetEase by 33.3% in the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock valued at $40,000 after buying an additional 111 shares in the last quarter. Live Oak Investment Partners bought a new position in shares of NetEase in the fourth quarter valued at $62,000. Avior Wealth Management LLC increased its holdings in shares of NetEase by 148.9% in the fourth quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock valued at $89,000 after buying an additional 594 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of NetEase in the fourth quarter valued at $110,000. Institutional investors own 11.07% of the company's stock.

NetEase Stock Performance

Shares of NASDAQ NTES traded up $3.22 during mid-day trading on Tuesday, reaching $122.97. The company had a trading volume of 471,200 shares, compared to its average volume of 1,571,733. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $123.71. The stock has a market capitalization of $77.91 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66. The stock's 50 day moving average is $104.73 and its 200-day moving average is $99.02.

NetEase Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on NTES shares. JPMorgan Chase & Co. upped their price target on NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Benchmark increased their target price on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, February 21st. Barclays increased their target price on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. Morgan Stanley increased their target price on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Wall Street Zen upgraded NetEase from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, NetEase has an average rating of "Buy" and a consensus price target of $119.38.

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.