Employees Retirement System of Texas increased its position in shares of NetEase (NASDAQ:NTES) by 14.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,713 shares of the technology company’s stock after acquiring an additional 11,943 shares during the quarter. Employees Retirement System of Texas owned about 0.07% of NetEase worth $26,837,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of NTES. Icon Wealth Partners LLC purchased a new stake in NetEase during the 4th quarter worth approximately $176,000. We Are One Seven LLC purchased a new stake in NetEase during the 4th quarter worth approximately $203,000. Mariner Wealth Advisors LLC purchased a new stake in NetEase during the 4th quarter worth approximately $233,000. Financial Advocates Investment Management purchased a new stake in NetEase during the 4th quarter worth approximately $254,000. Finally, Rehmann Capital Advisory Group purchased a new stake in NetEase during the 4th quarter worth approximately $259,000. Hedge funds and other institutional investors own 48.96% of the company’s stock.
Several analysts have weighed in on NTES shares. Vetr raised shares of NetEase from a “buy” rating to a “strong-buy” rating and set a $363.00 target price on the stock in a research report on Tuesday, January 30th. Benchmark boosted their target price on shares of NetEase to $355.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. CLSA raised shares of NetEase from a “sell” rating to an “underperform” rating in a research report on Thursday, February 8th. Sanford C. Bernstein set a $285.00 target price on shares of NetEase and gave the stock a “sell” rating in a research report on Tuesday, February 27th. Finally, Zacks Investment Research raised shares of NetEase from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Six analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $329.40.
NTES stock opened at $228.56 on Friday. The firm has a market capitalization of $29.29 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.68 and a beta of 0.89. NetEase has a 12 month low of $222.32 and a 12 month high of $377.64.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Friday, June 1st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Thursday, May 31st. NetEase’s dividend payout ratio (DPR) is currently 15.47%.
NetEase Company Profile
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others segments. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.
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