Grantham Mayo Van Otterloo & Co. LLC Makes New $2.34 Million Investment in NetEase, Inc. $NTES

Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of NetEase, Inc. (NASDAQ:NTES) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,400 shares of the technology company’s stock, valued at approximately $2,341,000.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of NetEase by 19.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 457 shares of the technology company’s stock worth $69,000 after acquiring an additional 74 shares in the last quarter. Spire Wealth Management increased its holdings in NetEase by 29.2% during the 3rd quarter. Spire Wealth Management now owns 332 shares of the technology company’s stock valued at $50,000 after purchasing an additional 75 shares in the last quarter. Hardy Reed LLC increased its holdings in NetEase by 0.9% during the 3rd quarter. Hardy Reed LLC now owns 8,538 shares of the technology company’s stock valued at $1,298,000 after purchasing an additional 79 shares in the last quarter. AdvisorNet Financial Inc raised its position in NetEase by 7.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,501 shares of the technology company’s stock valued at $228,000 after purchasing an additional 101 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its stake in NetEase by 1.6% in the second quarter. Frank Rimerman Advisors LLC now owns 6,422 shares of the technology company’s stock worth $864,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

NASDAQ NTES opened at $117.75 on Wednesday. The stock has a market capitalization of $74.61 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 1.50 and a beta of 0.74. NetEase, Inc. has a 52 week low of $88.54 and a 52 week high of $159.55. The stock has a fifty day moving average of $127.76 and a 200-day moving average of $137.58.

NetEase Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 16th will be given a $1.16 dividend. The ex-dividend date is Monday, March 16th. This is a positive change from NetEase’s previous quarterly dividend of $0.57. This represents a $4.64 dividend on an annualized basis and a yield of 3.9%. NetEase’s dividend payout ratio is 30.93%.

Analyst Ratings Changes

Several analysts have recently commented on NTES shares. Benchmark restated a “buy” rating on shares of NetEase in a report on Thursday, February 12th. Barclays cut their price target on NetEase from $135.00 to $132.00 and set an “equal weight” rating for the company in a report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of NetEase in a research report on Monday, December 22nd. Wall Street Zen lowered shares of NetEase from a “buy” rating to a “hold” rating in a report on Sunday, November 23rd. Finally, Sanford C. Bernstein set a $155.00 target price on shares of NetEase in a research note on Friday, November 21st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.89.

NetEase Company Profile

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.