Regal Partners Ltd Purchases Shares of 4,800 NetEase, Inc. $NTES

Regal Partners Ltd purchased a new position in shares of NetEase, Inc. (NASDAQ:NTES) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 4,800 shares of the technology company’s stock, valued at approximately $730,000.

Other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC acquired a new position in shares of NetEase in the third quarter valued at approximately $33,000. Steigerwald Gordon & Koch Inc. bought a new stake in NetEase during the third quarter worth $38,000. First Horizon Corp bought a new position in NetEase in the third quarter valued at about $45,000. Mather Group LLC. bought a new position in NetEase in the third quarter valued at about $46,000. Finally, Spire Wealth Management grew its stake in shares of NetEase by 29.2% in the third quarter. Spire Wealth Management now owns 332 shares of the technology company’s stock worth $50,000 after purchasing an additional 75 shares during the last quarter. 11.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NTES has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of NetEase in a research note on Monday, December 22nd. Morgan Stanley reissued an “overweight” rating and issued a $154.00 price target on shares of NetEase in a research report on Monday, March 2nd. Nomura lowered their target price on shares of NetEase from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Citigroup reiterated a “buy” rating on shares of NetEase in a research report on Wednesday, February 11th. Finally, Benchmark reissued a “buy” rating on shares of NetEase in a report on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, NetEase presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.89.

NetEase Price Performance

Shares of NASDAQ:NTES opened at $117.82 on Friday. The stock’s fifty day moving average price is $128.64 and its 200-day moving average price is $137.72. 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 $74.65 billion, a P/E ratio of 16.05, a PEG ratio of 1.50 and a beta of 0.74.

NetEase Increases Dividend

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

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.