Ping Capital Management Inc. Has $491,000 Stock Holdings in NetEase, Inc. (NASDAQ:NTES)

Ping Capital Management Inc. grew its stake in NetEase, Inc. (NASDAQ:NTES) by 120.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,500 shares of the technology company’s stock after purchasing an additional 3,000 shares during the period. Ping Capital Management Inc.’s holdings in NetEase were worth $491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NTES. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NetEase by 13,747.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company’s stock valued at $585,227,000 after purchasing an additional 6,213,248 shares during the period. Hhlr Advisors LTD. grew its position in NetEase by 86.8% during the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock worth $242,092,000 after acquiring an additional 1,203,129 shares during the last quarter. Temasek Holdings Private Ltd bought a new stake in shares of NetEase during the third quarter worth $51,498,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of NetEase by 472.6% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,000 shares of the technology company’s stock valued at $39,087,000 after purchasing an additional 345,000 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in NetEase in the 3rd quarter valued at $11,636,000. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Down 2.4 %

Shares of NetEase stock opened at $101.21 on Wednesday. The stock has a market cap of $64.99 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 3.44 and a beta of 0.58. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $114.50. The company’s fifty day moving average is $94.35 and its 200 day moving average is $88.55.

NetEase Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.74 annualized dividend and a dividend yield of 1.72%. NetEase’s dividend payout ratio is currently 29.22%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NTES shares. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Citigroup boosted their price objective on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 15th. Morgan Stanley raised shares of NetEase from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $90.00 to $108.00 in a report on Wednesday, January 8th. Benchmark dropped their price target on NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Bank of America upped their price target on shares of NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, NetEase presently has a consensus rating of “Moderate Buy” and an average target price of $108.71.

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.