Integrated Quantitative Investments LLC Makes New $2.71 Million Investment in NetEase, Inc. $NTES

Integrated Quantitative Investments LLC purchased a new position in shares of NetEase, Inc. (NASDAQ:NTES) during the third quarter, HoldingsChannel.com reports. The fund purchased 17,801 shares of the technology company’s stock, valued at approximately $2,706,000. NetEase accounts for 0.8% of Integrated Quantitative Investments LLC’s portfolio, making the stock its 12th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of NetEase by 1.1% in the fourth quarter. Brighton Jones LLC now owns 10,297 shares of the technology company’s stock valued at $919,000 after buying an additional 117 shares during the period. Strs Ohio bought a new stake in NetEase in the 1st quarter valued at $63,000. Bessemer Group Inc. bought a new position in shares of NetEase in the second quarter valued at about $89,000. World Investment Advisors acquired a new stake in shares of NetEase during the 2nd quarter worth about $218,000. Finally, Spire Wealth Management grew its stake in NetEase by 159.6% in the 2nd quarter. Spire Wealth Management now owns 257 shares of the technology company’s stock valued at $35,000 after buying an additional 158 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Benchmark reiterated a “buy” rating on shares of NetEase in a research note on Thursday, February 12th. Sanford C. Bernstein set a $155.00 price target on shares of NetEase in a research report on Friday, November 21st. Wall Street Zen lowered shares of NetEase from a “buy” rating to a “hold” rating in a research report on Sunday, November 23rd. Citigroup reaffirmed a “buy” rating on shares of NetEase in a report on Wednesday, February 11th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $154.00 target price on shares of NetEase in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NetEase currently has an average rating of “Moderate Buy” and an average target price of $153.89.

NetEase Trading Up 1.3%

NTES opened at $117.08 on Thursday. The company’s 50 day moving average is $129.51 and its 200-day moving average is $137.91. NetEase, Inc. has a 1-year low of $88.54 and a 1-year high of $159.55. The company has a market cap of $74.18 billion, a P/E ratio of 15.95, a PEG ratio of 1.47 and a beta of 0.74.

NetEase Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 16th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 4.0%. This is a positive change from NetEase’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, March 16th. NetEase’s dividend payout ratio is 30.93%.

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.