4,546 Shares in NetEase, Inc. $NTES Acquired by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. acquired a new position in NetEase, Inc. (NASDAQ:NTES) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,546 shares of the technology company’s stock, valued at approximately $626,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NTES. Smartleaf Asset Management LLC boosted its stake in NetEase by 19.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 457 shares of the technology company’s stock valued at $69,000 after purchasing an additional 74 shares in the last quarter. Hardy Reed LLC lifted its position in shares of NetEase by 0.9% during the 3rd quarter. Hardy Reed LLC now owns 8,538 shares of the technology company’s stock valued at $1,298,000 after acquiring an additional 79 shares during the last quarter. Main Street Research LLC lifted its position in shares of NetEase by 2.1% during the 3rd quarter. Main Street Research LLC now owns 4,085 shares of the technology company’s stock valued at $621,000 after acquiring an additional 85 shares during the last quarter. Allworth Financial LP lifted its position in shares of NetEase by 15.2% during the 3rd quarter. Allworth Financial LP now owns 718 shares of the technology company’s stock valued at $109,000 after acquiring an additional 95 shares during the last quarter. Finally, Spire Wealth Management lifted its position in shares of NetEase by 31.3% during the 4th quarter. Spire Wealth Management now owns 436 shares of the technology company’s stock valued at $60,000 after acquiring an additional 104 shares during the last quarter. 11.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Nomura cut their price objective on NetEase from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Zacks Research upgraded NetEase from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Wall Street Zen upgraded NetEase from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Benchmark reiterated a “buy” rating on shares of NetEase in a research report on Friday, May 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $158.00 price objective on shares of NetEase in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.38.

NetEase Stock Up 0.2%

NTES opened at $125.82 on Friday. The stock has a fifty day moving average of $117.11 and a 200-day moving average of $124.50. The firm has a market capitalization of $80.33 billion, a P/E ratio of 16.71, a PEG ratio of 1.63 and a beta of 0.72. 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 announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a $0.72 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.3%. NetEase’s dividend payout ratio is presently 38.11%.

About NetEase

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.