376 Shares in NetEase, Inc. (NASDAQ:NTES) Purchased by Brooklyn Investment Group

Brooklyn Investment Group acquired a new stake in NetEase, Inc. (NASDAQ:NTES) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 376 shares of the technology company’s stock, valued at approximately $34,000.

Several other hedge funds have also added to or reduced their stakes in the company. Ariadne Wealth Management LP bought a new position in shares of NetEase during the second quarter worth $35,000. Highline Wealth Partners LLC acquired a new stake in NetEase during the 3rd quarter worth $45,000. RPg Family Wealth Advisory LLC acquired a new position in NetEase in the third quarter valued at about $70,000. Allspring Global Investments Holdings LLC bought a new stake in shares of NetEase in the third quarter worth about $76,000. Finally, Retireful LLC acquired a new stake in shares of NetEase during the fourth quarter worth about $222,000. Institutional investors own 11.07% of the company’s stock.

Analysts Set New Price Targets

NTES has been the subject of several research analyst reports. Bank of America boosted their price objective on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Benchmark reduced their price target on shares of NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a report on Friday, November 15th. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Morgan Stanley raised shares of NetEase from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $90.00 to $108.00 in a research note on Wednesday, January 8th. Finally, Citigroup increased their target price on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.71.

NetEase Price Performance

Shares of NASDAQ NTES opened at $99.76 on Monday. The business has a 50-day moving average of $90.42 and a 200-day moving average of $87.90. The stock has a market capitalization of $64.06 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 3.08 and a beta of 0.57. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $114.50.

NetEase Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Friday, November 29th. NetEase’s dividend payout ratio (DPR) is 29.22%.

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.