Retireful LLC Purchases Shares of 2,492 NetEase, Inc. (NASDAQ:NTES)

Retireful LLC acquired a new position in shares of NetEase, Inc. (NASDAQ:NTES) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,492 shares of the technology company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NTES. APEIRON CAPITAL Ltd grew its stake in NetEase by 20.5% in the 4th quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company’s stock valued at $11,537,000 after buying an additional 22,000 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of NetEase by 7.9% during the third quarter. Franklin Resources Inc. now owns 6,915 shares of the technology company’s stock worth $588,000 after acquiring an additional 507 shares during the period. World Investment Advisors LLC acquired a new position in shares of NetEase in the third quarter valued at approximately $4,138,000. Sanctuary Advisors LLC increased its stake in shares of NetEase by 5.6% during the third quarter. Sanctuary Advisors LLC now owns 13,245 shares of the technology company’s stock worth $1,145,000 after purchasing an additional 701 shares during the period. Finally, Advisory Resource Group lifted its holdings in NetEase by 22.0% during the 3rd quarter. Advisory Resource Group now owns 12,626 shares of the technology company’s stock worth $1,181,000 after purchasing an additional 2,281 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors and hedge funds.

NetEase Trading Down 4.4 %

Shares of NetEase stock opened at $99.31 on Friday. The company has a 50 day moving average of $89.60 and a 200-day moving average of $87.84. The company has a market cap of $63.77 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 3.08 and a beta of 0.57. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $114.50.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Friday, November 29th. NetEase’s dividend payout ratio is presently 29.22%.

Wall Street Analyst Weigh In

A number of research analysts have commented on NTES shares. Benchmark decreased their price objective on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Citigroup raised their price target on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Morgan Stanley upgraded shares of NetEase from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $90.00 to $108.00 in a research note on Wednesday, January 8th. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Finally, Bank of America lifted their price target on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.71.

NetEase 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.