Woodline Partners LP Purchases Shares of 113,580 NetEase, Inc. (NASDAQ:NTES)

Woodline Partners LP bought a new stake in NetEase, Inc. (NASDAQ:NTES - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 113,580 shares of the technology company's stock, valued at approximately $10,132,000.

A number of other institutional investors have also bought and sold shares of NTES. Farther Finance Advisors LLC lifted its stake in shares of NetEase by 81.7% in 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. UMB Bank n.a. grew its holdings in NetEase by 33.3% in the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after purchasing an additional 111 shares during the period. Live Oak Investment Partners bought a new stake in NetEase in the fourth quarter valued at $62,000. Avior Wealth Management LLC raised its holdings in shares of NetEase by 148.9% during the fourth 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. Finally, SBI Securities Co. Ltd. acquired a new position in shares of NetEase during the fourth quarter valued at about $110,000. Institutional investors own 11.07% of the company's stock.

NetEase Trading Up 3.5%

Shares of NASDAQ:NTES traded up $4.24 during trading on Tuesday, reaching $123.99. The company had a trading volume of 1,097,654 shares, compared to its average volume of 1,464,063. The company has a fifty day moving average of $104.73 and a two-hundred day moving average of $99.02. The stock has a market capitalization of $78.56 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $124.00.

NetEase Dividend Announcement

The company also recently announced a 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 is Friday, May 30th. NetEase's dividend payout ratio is presently 38.71%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen raised NetEase from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Morgan Stanley increased their target price on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Barclays boosted their price objective 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 raised their price target on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of NetEase in a research report on Monday, May 12th. They set a "buy" rating and a $130.00 target price for the company. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus 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.