10,696 Shares in NetEase, Inc. $NTES Acquired by Myriad Asset Management Advisors LLC

Myriad Asset Management Advisors LLC acquired a new position in shares of NetEase, Inc. (NASDAQ:NTES) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,696 shares of the technology company’s stock, valued at approximately $1,472,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Deutsche Bank AG boosted its position in shares of NetEase by 111.1% during the 4th quarter. Deutsche Bank AG now owns 71,468 shares of the technology company’s stock worth $9,835,000 after purchasing an additional 37,610 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of NetEase during the 4th quarter worth approximately $981,000. O Shaughnessy Asset Management LLC boosted its position in NetEase by 16.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 49,617 shares of the technology company’s stock valued at $6,828,000 after buying an additional 7,105 shares during the period. Syon Capital LLC boosted its position in NetEase by 49.5% in the 4th quarter. Syon Capital LLC now owns 2,091 shares of the technology company’s stock valued at $288,000 after buying an additional 692 shares during the period. Finally, Capital International Inc. CA boosted its position in NetEase by 1.9% in the 4th quarter. Capital International Inc. CA now owns 193,997 shares of the technology company’s stock valued at $26,698,000 after buying an additional 3,687 shares during the period. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Trading Up 4.0%

Shares of NTES opened at $125.52 on Thursday. NetEase, Inc. has a twelve month low of $106.06 and a twelve month high of $159.55. The firm’s fifty day simple moving average is $116.58 and its 200-day simple moving average is $124.55. The firm has a market capitalization of $80.13 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.56 and a beta of 0.72.

NetEase Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, June 5th. NetEase’s dividend payout ratio (DPR) is currently 38.11%.

Analyst Ratings Changes

NTES has been the subject of several recent research reports. Zacks Research raised shares of NetEase from a “hold” rating to a “strong-buy” rating in a research report on Monday. Morgan Stanley reissued an “overweight” rating and issued a $158.00 price target on shares of NetEase in a research report on Tuesday, May 26th. Barclays decreased their price target on shares of NetEase from $135.00 to $132.00 and set an “equal weight” rating for the company in a research report on Thursday, February 12th. Nomura decreased their price target on shares of NetEase from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, Wall Street Zen raised shares of NetEase from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.38.

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.