Euro Pacific Asset Management LLC Buys 173 Shares of NetEase, Inc. (NASDAQ:NTES)

Euro Pacific Asset Management LLC boosted its stake in NetEase, Inc. (NASDAQ:NTES) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,137 shares of the technology company’s stock after acquiring an additional 173 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in NetEase were worth $1,172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new stake in shares of NetEase in the fourth quarter valued at about $34,000. Ariadne Wealth Management LP bought a new stake in NetEase in the 2nd quarter valued at approximately $35,000. UMB Bank n.a. boosted its position in NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock worth $40,000 after acquiring an additional 111 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of NetEase during the 3rd quarter worth approximately $45,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of NetEase in the third quarter valued at approximately $70,000. 11.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTES has been the subject of several recent research reports. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Citigroup increased their price objective on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Bank of America lifted their target price on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Benchmark reduced their price target on NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, Morgan Stanley raised NetEase from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $90.00 to $108.00 in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $108.71.

NetEase Stock Performance

NetEase stock opened at $103.18 on Friday. The stock has a 50-day simple moving average of $92.08 and a 200 day simple moving average of $88.09. The stock has a market capitalization of $66.26 billion, a P/E ratio of 17.43, a PEG ratio of 3.33 and a beta of 0.57. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $114.50.

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.74 dividend on an annualized basis and a yield of 1.69%. NetEase’s dividend payout ratio (DPR) is 29.22%.

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.