6,534 Shares in NetEase, Inc. (NASDAQ:NTES) Acquired by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd acquired a new stake in NetEase, Inc. (NASDAQ:NTES) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,534 shares of the technology company’s stock, valued at approximately $624,000.

Several other large investors have also modified their holdings of NTES. Tairen Capital Ltd acquired a new position in shares of NetEase in the 4th quarter valued at $164,307,000. Wellington Management Group LLP increased its stake in NetEase by 226.4% in the fourth quarter. Wellington Management Group LLP now owns 1,896,495 shares of the technology company’s stock valued at $176,677,000 after purchasing an additional 1,315,410 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in shares of NetEase in the first quarter valued at about $103,658,000. Lazard Asset Management LLC raised its holdings in shares of NetEase by 804.5% in the first quarter. Lazard Asset Management LLC now owns 792,357 shares of the technology company’s stock valued at $81,983,000 after buying an additional 704,753 shares during the last quarter. Finally, Aspex Management HK Ltd acquired a new stake in shares of NetEase during the fourth quarter worth about $59,354,000. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Price Performance

NetEase stock opened at $78.17 on Thursday. The stock’s 50 day moving average price is $87.98 and its 200 day moving average price is $94.64. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $118.89. The company has a market cap of $50.20 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.71 and a beta of 0.54.

NetEase (NASDAQ:NTES) last released its earnings results on Thursday, August 22nd. The technology company reported $12.05 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $10.43. NetEase had a return on equity of 22.30% and a net margin of 26.98%. The company had revenue of $25.49 billion during the quarter, compared to the consensus estimate of $26.01 billion. During the same quarter last year, the company earned $1.75 earnings per share. NetEase’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that NetEase, Inc. will post 6.05 EPS for the current fiscal year.

NetEase Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Friday, September 6th. NetEase’s dividend payout ratio is currently 26.82%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Bank of America dropped their price target on NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 20th. Morgan Stanley reiterated an “equal weight” rating and issued a $100.00 price objective on shares of NetEase in a research report on Friday, July 5th. Benchmark boosted their price objective on shares of NetEase from $144.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, Barclays reduced their target price on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.67.

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.