Vise Technologies Inc. Purchases New Stake in NetEase, Inc. (NASDAQ:NTES)

Vise Technologies Inc. purchased a new stake in NetEase, Inc. (NASDAQ:NTES - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 4,616 shares of the technology company's stock, valued at approximately $412,000.

A number of other institutional investors have also made changes to their positions in NTES. Farther Finance Advisors LLC boosted its position in NetEase by 81.7% during the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after purchasing an additional 152 shares during the period. Live Oak Investment Partners acquired a new position in NetEase during the 4th quarter valued at approximately $62,000. Avior Wealth Management LLC boosted its position in NetEase by 148.9% during the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock valued at $89,000 after purchasing an additional 594 shares during the period. SBI Securities Co. Ltd. acquired a new position in NetEase during the 4th quarter valued at approximately $110,000. Finally, Toronto Dominion Bank acquired a new position in NetEase during the 4th quarter valued at approximately $145,000. 11.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NTES shares. Morgan Stanley boosted their price target on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Barclays boosted their price target on NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, May 16th. Benchmark boosted their price target on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft started coverage on NetEase in a research report on Monday, May 12th. They set a "buy" rating and a $130.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NetEase presently has a consensus rating of "Buy" and a consensus price target of $119.38.

NetEase Stock Down 2.2%

Shares of NASDAQ NTES traded down $2.70 during mid-day trading on Friday, hitting $121.57. 1,603,751 shares of the company traded hands, compared to its average volume of 1,562,800. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $126.81. The stock has a market capitalization of $77.03 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 3.37 and a beta of 0.66. The business has a 50 day moving average of $106.68 and a two-hundred day moving average of $100.15.

NetEase Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, May 30th. NetEase's dividend payout ratio is 38.71%.

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.