NetEase, Inc. $NTES is OPTIMAS CAPITAL Ltd’s 6th Largest Position

OPTIMAS CAPITAL Ltd cut its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 6.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 40,931 shares of the technology company’s stock after selling 3,055 shares during the period. NetEase makes up 5.8% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its 6th largest holding. OPTIMAS CAPITAL Ltd’s holdings in NetEase were worth $5,508,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTES. ABN Amro Investment Solutions purchased a new stake in shares of NetEase in the second quarter valued at about $2,056,000. Cubist Systematic Strategies LLC purchased a new stake in NetEase in the 1st quarter valued at approximately $2,554,000. Edmond DE Rothschild Holding S.A. increased its position in NetEase by 5.4% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 41,100 shares of the technology company’s stock worth $4,230,000 after purchasing an additional 2,100 shares during the period. Royal Bank of Canada raised its stake in shares of NetEase by 125.0% during the 1st quarter. Royal Bank of Canada now owns 212,466 shares of the technology company’s stock worth $21,866,000 after buying an additional 118,042 shares in the last quarter. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of NetEase in the 1st quarter valued at approximately $207,000. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on NTES. Sanford C. Bernstein set a $155.00 price target on NetEase in a research note on Friday, November 21st. Wall Street Zen cut shares of NetEase from a “buy” rating to a “hold” rating in a research note on Sunday. Barclays set a $135.00 price target on shares of NetEase and gave the company an “equal weight” rating in a report on Friday, November 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of NetEase in a research note on Wednesday, November 19th. Finally, Citigroup restated a “buy” rating on shares of NetEase in a research report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $152.10.

NetEase Stock Down 1.7%

NASDAQ:NTES opened at $137.59 on Thursday. NetEase, Inc. has a 52-week low of $85.94 and a 52-week high of $159.55. The stock has a fifty day simple moving average of $145.36 and a 200-day simple moving average of $136.31. The company has a market capitalization of $87.18 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.91 and a beta of 0.65.

NetEase Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, December 5th. This represents a $2.28 dividend on an annualized basis and a yield of 1.7%. NetEase’s payout ratio is presently 29.12%.

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.