XY Capital Ltd Makes New Investment in NetEase, Inc. $NTES

Key Points

• XY Capital Ltd acquired 10,240 NetEase shares worth approximately $1.31 million in the second quarter, making NTES its 16th-largest holding and representing 1.3% of its portfolio.
• NetEase shares opened at $119.29, with a market capitalization of $76.38 billion and a 12-month trading range of $106.06 to $159.55. The company declared a quarterly dividend of $0.48, equivalent to a 1.6% annualized yield.
• Analysts maintain a generally positive view, with seven Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $160.57; however, two company insiders recently sold shares.

XY Capital Ltd acquired a new stake in NetEase, Inc. (NASDAQ:NTES - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,240 shares of the technology company's stock, valued at approximately $1,312,000. NetEase comprises approximately 1.3% of XY Capital Ltd's holdings, making the stock its 16th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. V Square Quantitative Management LLC acquired a new position in shares of NetEase in the first quarter worth about $25,000. Atlas Capital Advisors Inc. acquired a new stake in NetEase during the 4th quarter valued at approximately $47,000. Smartleaf Asset Management LLC grew its stake in NetEase by 3,381.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 383 shares of the technology company's stock valued at $51,000 after purchasing an additional 372 shares in the last quarter. Harbour Investments Inc. increased its holdings in NetEase by 7,480.0% during the 4th quarter. Harbour Investments Inc. now owns 379 shares of the technology company's stock worth $52,000 after purchasing an additional 374 shares during the last quarter. Finally, MidFirst Bank purchased a new stake in NetEase during the 4th quarter worth approximately $57,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Price Performance

NetEase stock opened at $119.29 on Friday. The company has a market cap of $76.38 billion, a PE ratio of 16.43, a P/E/G ratio of 1.38 and a beta of 0.72. The company has a fifty day moving average price of $126.98 and a two-hundred day moving average price of $120.50. NetEase, Inc. has a 12 month low of $106.06 and a 12 month high of $159.55.

NetEase Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Thursday, September 3rd will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, September 3rd. NetEase's dividend payout ratio (DPR) is presently 26.31%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NTES. The Goldman Sachs Group set a $169.00 target price on NetEase in a research note on Wednesday, July 1st. Morgan Stanley restated an "overweight" rating and issued a $158.00 price target on shares of NetEase in a research note on Tuesday, May 26th. Benchmark reaffirmed a "buy" rating on shares of NetEase in a report on Friday, May 22nd. Nomura increased their price objective on shares of NetEase from $155.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, August 25th. Finally, Wall Street Zen downgraded shares of NetEase from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, NetEase currently has an average rating of "Moderate Buy" and an average target price of $160.57.

Insider Activity

In related news, General Counsel William Jr sold 10,000 shares of the business's stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $128.30, for a total transaction of $1,283,000.00. Following the completion of the sale, the general counsel owned 12,223 shares of the company's stock, valued at $1,568,210.90. This represents a 45.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bin Mo sold 716 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $120.64, for a total transaction of $86,378.24. The disclosure for this sale is available in the SEC filing. Insiders own 54.70% of the company's stock.

NetEase Company Profile

NetEase, Inc NASDAQ: NTES is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company's founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company's primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.

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