Leonteq Securities AG Has $1.02 Million Stock Position in NetEase, Inc. $NTES

Leonteq Securities AG grew its stake in NetEase, Inc. (NASDAQ:NTES) by 91.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,155 shares of the technology company’s stock after purchasing an additional 4,365 shares during the period. Leonteq Securities AG’s holdings in NetEase were worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. 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 worth $621,000 after buying an additional 85 shares during the period. Allworth Financial LP raised its stake in NetEase by 15.2% during the third quarter. Allworth Financial LP now owns 718 shares of the technology company’s stock worth $109,000 after acquiring an additional 95 shares in the last quarter. Arkadios Wealth Advisors raised its stake in NetEase by 5.9% during the fourth quarter. Arkadios Wealth Advisors now owns 1,859 shares of the technology company’s stock worth $256,000 after acquiring an additional 103 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of NetEase by 31.3% during the fourth 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 period. Finally, Cookson Peirce & Co. Inc. boosted its stake in shares of NetEase by 2.2% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 4,961 shares of the technology company’s stock valued at $683,000 after purchasing an additional 106 shares in the last quarter. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Stock Performance

Shares of NASDAQ:NTES opened at $127.24 on Friday. NetEase, Inc. has a twelve month low of $106.06 and a twelve month high of $159.55. The firm has a market cap of $81.23 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The business has a fifty day moving average of $119.78 and a 200-day moving average of $122.86.

NetEase Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, June 5th. NetEase’s dividend payout ratio (DPR) is presently 38.11%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NTES shares. Benchmark reiterated a “buy” rating on shares of NetEase in a research report on Friday, May 22nd. Morgan Stanley restated an “overweight” rating and issued a $158.00 price target on shares of NetEase in a research report on Tuesday, May 26th. Zacks Research raised shares of NetEase from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Wall Street Zen raised shares of NetEase from a “hold” rating to a “buy” rating in a report on Sunday, June 28th. Finally, The Goldman Sachs Group set a $169.00 target price on shares of NetEase in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, NetEase presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.38.

Insider Buying and Selling at NetEase

In other NetEase news, General Counsel Paul William Boltz, 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 value of $1,283,000.00. Following the completion of the transaction, the general counsel directly owned 12,223 shares of the company’s stock, valued at approximately $1,568,210.90. The trade was a 45.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 54.70% of the company’s stock.

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.