4,296 Shares in NetEase, Inc. $NTES Bought by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL purchased a new stake in NetEase, Inc. (NASDAQ:NTES) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,296 shares of the technology company’s stock, valued at approximately $653,000.

Other institutional investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC lifted its stake in shares of NetEase by 125.8% in the 3rd quarter. Ameritas Advisory Services LLC now owns 8,285 shares of the technology company’s stock valued at $1,259,000 after purchasing an additional 4,616 shares during the period. ABN Amro Investment Solutions purchased a new stake in NetEase in the second quarter worth $2,056,000. Ninety One UK Ltd grew its stake in NetEase by 0.5% in the third quarter. Ninety One UK Ltd now owns 6,296,150 shares of the technology company’s stock worth $956,952,000 after purchasing an additional 28,381 shares during the period. Renaissance Group LLC bought a new position in NetEase in the third quarter worth $6,177,000. Finally, Advisory Resource Group bought a new position in NetEase in the second quarter worth $1,313,000. 11.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on NTES. Barclays dropped their target price on shares of NetEase from $135.00 to $132.00 and set an “equal weight” rating on the stock in a report on Thursday, February 12th. Citigroup reissued a “buy” rating on shares of NetEase in a research note on Wednesday, February 11th. Weiss Ratings restated a “hold (c)” rating on shares of NetEase in a report on Monday, December 22nd. Benchmark reaffirmed a “buy” rating on shares of NetEase in a research note on Thursday, February 12th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $154.00 target price on shares of NetEase in a report on Monday, March 2nd. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NetEase has a consensus rating of “Moderate Buy” and an average price target of $153.89.

NetEase Stock Performance

Shares of NTES stock opened at $117.51 on Friday. The company has a market capitalization of $74.45 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.48 and a beta of 0.74. NetEase, Inc. has a one year low of $88.54 and a one year high of $159.55. The company’s 50-day moving average is $126.28 and its 200 day moving average is $137.15.

NetEase Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 16th will be paid a dividend of $1.16 per share. The ex-dividend date is Monday, March 16th. This represents a $4.64 annualized dividend and a yield of 3.9%. This is an increase from NetEase’s previous quarterly dividend of $0.57. NetEase’s dividend payout ratio (DPR) is currently 30.93%.

NetEase 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.