Bailard Inc. Maintains Stake in NetEase, Inc. (NTES)

Bailard Inc. maintained its position in shares of NetEase, Inc. (NASDAQ:NTES) during the first quarter, according to its most recent filing with the SEC. The firm owned 3,000 shares of the technology company’s stock at the end of the first quarter. Bailard Inc.’s holdings in NetEase were worth $852,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Advisory Inc. acquired a new position in shares of NetEase during the fourth quarter valued at approximately $233,000. Asset Management One Co. Ltd. raised its position in shares of NetEase by 897.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 146,163 shares of the technology company’s stock valued at $31,569,000 after buying an additional 131,510 shares during the period. Prudence Asset Management Ltd acquired a new position in shares of NetEase during the fourth quarter valued at approximately $646,000. Aviva PLC raised its position in shares of NetEase by 2.4% in the fourth quarter. Aviva PLC now owns 12,900 shares of the technology company’s stock valued at $2,778,000 after buying an additional 300 shares during the period. Finally, Marshall Wace LLP raised its position in shares of NetEase by 2,334.8% in the fourth quarter. Marshall Wace LLP now owns 26,466 shares of the technology company’s stock valued at $5,700,000 after buying an additional 25,379 shares during the period. Institutional investors own 54.59% of the company’s stock.

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

Shares of NetEase, Inc. (NASDAQ NTES) traded up 5.37% during mid-day trading on Monday, reaching $312.93. 1,495,308 shares of the company’s stock were exchanged. The stock has a market cap of $41.16 billion, a price-to-earnings ratio of 21.72 and a beta of 0.85. NetEase, Inc. has a 52-week low of $161.32 and a 52-week high of $323.10. The stock’s 50-day moving average is $286.52 and its 200-day moving average is $265.74.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 26th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 1.38%. The ex-dividend date was Wednesday, May 24th. NetEase’s payout ratio is 25.09%.

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NTES has been the subject of several recent analyst reports. Instinet reaffirmed a “buy” rating and set a $307.00 price objective on shares of NetEase in a report on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of NetEase in a report on Wednesday, April 26th. Vetr raised shares of NetEase from a “buy” rating to a “strong-buy” rating and set a $362.33 price objective for the company in a report on Tuesday, May 30th. Nomura reaffirmed a “hold” rating and set a $297.00 price objective (down from $305.00) on shares of NetEase in a report on Thursday, May 11th. Finally, Benchmark Co. initiated coverage on shares of NetEase in a report on Tuesday, April 18th. They set a “buy” rating and a $325.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. NetEase currently has a consensus rating of “Buy” and a consensus price target of $295.84.

About NetEase

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

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