Fox Run Management L.L.C. Buys New Holdings in NetEase, Inc. $NTES

Fox Run Management L.L.C. bought a new stake in NetEase, Inc. (NASDAQ:NTES) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,126 shares of the technology company’s stock, valued at approximately $981,000.

Several other hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC lifted its position in NetEase by 125.8% during the third quarter. Ameritas Advisory Services LLC now owns 8,285 shares of the technology company’s stock worth $1,259,000 after acquiring an additional 4,616 shares during the last quarter. Range Financial Group LLC acquired a new stake in NetEase during the fourth quarter worth approximately $1,759,000. American Century Companies Inc. lifted its position in NetEase by 7.3% during the third quarter. American Century Companies Inc. now owns 803,379 shares of the technology company’s stock worth $122,106,000 after acquiring an additional 54,929 shares during the last quarter. Ovata Capital Management Ltd lifted its position in NetEase by 228.6% during the third quarter. Ovata Capital Management Ltd now owns 25,300 shares of the technology company’s stock worth $3,850,000 after acquiring an additional 17,600 shares during the last quarter. Finally, Hel Ved Capital Management Ltd lifted its position in NetEase by 172.9% during the third quarter. Hel Ved Capital Management Ltd now owns 35,200 shares of the technology company’s stock worth $5,350,000 after acquiring an additional 22,300 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NTES shares. Barclays cut their price objective 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. Zacks Research raised shares of NetEase from a “hold” rating to a “strong-buy” rating in a report on Monday. Citigroup reaffirmed a “buy” rating on shares of NetEase in a report on Wednesday, February 11th. Wall Street Zen raised shares of NetEase from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $158.00 target price on shares of NetEase in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.38.

NetEase Price Performance

Shares of NASDAQ:NTES opened at $125.52 on Thursday. The company’s 50 day simple moving average is $116.58 and its 200 day simple moving average is $124.55. The stock has a market capitalization of $80.13 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.56 and a beta of 0.72. NetEase, Inc. has a 1 year low of $106.06 and a 1 year high of $159.55.

NetEase Cuts Dividend

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

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.