US Bancorp DE Grows Stake in NetEase, Inc. $NTES

Key Points

• US Bancorp DE increased its stake in NetEase, Inc. by 126.8% in the second quarter, owning 59,594 shares valued at approximately $8,020,000.
• NetEase recently announced a quarterly dividend of $0.675 per share, resulting in an annualized dividend yield of 1.8%.
• Analyst ratings have improved for NetEase, with one analyst upgrading the stock from a "buy" to a "strong-buy" rating, while several others set target prices ranging from $150.00 to $170.00.

US Bancorp DE raised its stake in NetEase, Inc. (NASDAQ:NTES - Free Report) by 126.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,594 shares of the technology company's stock after acquiring an additional 33,318 shares during the quarter. US Bancorp DE's holdings in NetEase were worth $8,020,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTES. Brighton Jones LLC boosted its stake in NetEase by 1.1% in the fourth quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock valued at $919,000 after acquiring an additional 117 shares during the last quarter. GAMMA Investing LLC boosted its stake in NetEase by 10,192.0% in the first quarter. GAMMA Investing LLC now owns 2,573 shares of the technology company's stock valued at $265,000 after acquiring an additional 2,548 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of NetEase by 191.7% during the 1st quarter. Farther Finance Advisors LLC now owns 986 shares of the technology company's stock valued at $105,000 after buying an additional 648 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of NetEase by 2.7% during the 1st quarter. Fifth Third Bancorp now owns 5,264 shares of the technology company's stock valued at $542,000 after buying an additional 138 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of NetEase by 36.7% during the 1st quarter. Blue Trust Inc. now owns 3,094 shares of the technology company's stock valued at $318,000 after buying an additional 831 shares in the last quarter. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

NetEase Price Performance

Shares of NASDAQ:NTES opened at $146.91 on Monday. The firm has a fifty day moving average price of $141.86 and a two-hundred day moving average price of $126.93. NetEase, Inc. has a one year low of $75.88 and a one year high of $159.55. The company has a market cap of $93.08 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.96 and a beta of 0.67.

NetEase Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Thursday, August 28th were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, August 28th. NetEase's dividend payout ratio (DPR) is presently 30.72%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of NetEase from a "buy" rating to a "strong-buy" rating in a research note on Friday, October 3rd. Weiss Ratings restated a "hold (c)" rating on shares of NetEase in a research note on Wednesday, October 8th. Arete upgraded shares of NetEase from a "sell" rating to a "buy" rating and set a $150.00 price target on the stock in a research note on Wednesday, September 3rd. Morgan Stanley restated an "overweight" rating and set a $170.00 price target on shares of NetEase in a research note on Wednesday. Finally, The Goldman Sachs Group set a $161.00 price target on shares of NetEase and gave the company a "buy" rating in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $142.30.

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.

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