NetEase, Inc. (NASDAQ:NTES) Short Interest Up 48.8% in September

Key Points

• Short interest in NetEase increased significantly by 48.8% in September, reaching 3,170,000 shares, indicating heightened investor skepticism.
• Recent trading activity saw NetEase's stock price at $149.59 and a market cap of $94.78 billion, with notable investors like Mirae Asset Global Investments boosting their stakes substantially.
• Analysts' ratings for NetEase are varied, with one recommending a Strong Buy, while others have adjusted their ratings from strong-buy to hold or neutral.

NetEase, Inc. (NASDAQ:NTES - Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 3,170,000 shares, a growth of 48.8% from the August 31st total of 2,130,000 shares. Based on an average daily volume of 732,100 shares, the short-interest ratio is currently 4.3 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 732,100 shares, the short-interest ratio is currently 4.3 days.

Institutional Trading of NetEase

Several large investors have recently bought and sold shares of the business. Ninety One UK Ltd lifted its holdings in shares of NetEase by 2.2% in the second quarter. Ninety One UK Ltd now owns 6,267,769 shares of the technology company's stock worth $843,516,000 after acquiring an additional 134,967 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in NetEase by 7,698.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,817,021 shares of the technology company's stock worth $289,928,000 after purchasing an additional 2,780,897 shares in the last quarter. Dodge & Cox lifted its stake in NetEase by 5.8% in the 1st quarter. Dodge & Cox now owns 2,803,664 shares of the technology company's stock valued at $288,553,000 after purchasing an additional 153,788 shares during the last quarter. Hhlr Advisors LTD. lifted its stake in NetEase by 3.1% in the 1st quarter. Hhlr Advisors LTD. now owns 2,668,697 shares of the technology company's stock valued at $274,662,000 after purchasing an additional 79,754 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in NetEase by 111.7% in the first quarter. Wellington Management Group LLP now owns 1,988,541 shares of the technology company's stock valued at $204,661,000 after buying an additional 1,049,023 shares in the last quarter. 11.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Zacks Research cut NetEase from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Arete Research raised NetEase to a "strong-buy" rating in a report on Wednesday, September 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of NetEase in a report on Saturday, September 27th. JPMorgan Chase & Co. cut shares of NetEase from an "overweight" rating to a "neutral" rating and increased their price target for the company from $135.00 to $140.00 in a report on Monday, July 28th. Finally, Barclays set a $120.00 price objective on NetEase and gave the stock an "equal weight" rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, NetEase currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.00.

NetEase Price Performance

NTES traded down $1.45 during trading on Tuesday, hitting $149.59. 304,069 shares of the stock traded hands, compared to its average volume of 1,135,198. The business has a 50 day moving average price of $140.21 and a 200 day moving average price of $125.53. NetEase has a twelve month low of $75.88 and a twelve month high of $159.55. The company has a market cap of $94.78 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.02 and a beta of 0.67.

NetEase Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Thursday, August 28th were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, August 28th. NetEase's dividend payout ratio is currently 30.72%.

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.

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