MY.Alpha Management HK Advisors Ltd Makes New Investment in NetEase, Inc. $NTES

MY.Alpha Management HK Advisors Ltd bought a new stake in NetEase, Inc. (NASDAQ:NTES) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 87,871 shares of the technology company’s stock, valued at approximately $12,093,000. NetEase comprises 6.5% of MY.Alpha Management HK Advisors Ltd’s investment portfolio, making the stock its 8th biggest position.

A number of other institutional investors have also modified their holdings of NTES. Rehmann Capital Advisory Group lifted its holdings in shares of NetEase by 24.5% during the fourth quarter. Rehmann Capital Advisory Group now owns 2,538 shares of the technology company’s stock worth $352,000 after purchasing an additional 499 shares during the period. MidFirst Bank purchased a new position in NetEase in the 4th quarter valued at $57,000. SG Trading Solutions LLC acquired a new position in NetEase in the 4th quarter valued at $491,000. Sunbelt Securities Inc. acquired a new position in NetEase in the 4th quarter valued at $271,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in NetEase during the 4th quarter worth $126,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Stock Performance

NASDAQ:NTES opened at $121.33 on Friday. NetEase, Inc. has a 1 year low of $106.06 and a 1 year high of $159.55. The stock has a fifty day moving average price of $118.04 and a two-hundred day moving average price of $123.94. The stock has a market capitalization of $77.46 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.57 and a beta of 0.72.

NetEase Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a $0.72 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.88 annualized dividend and a dividend yield of 2.4%. NetEase’s dividend payout ratio (DPR) is 38.11%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NTES shares. Zacks Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Morgan Stanley reiterated an “overweight” rating and set a $158.00 price target on shares of NetEase in a research note on Tuesday, May 26th. Benchmark reissued a “buy” rating on shares of NetEase in a report on Friday, May 22nd. Finally, Wall Street Zen downgraded shares of NetEase from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.