NetEase, Inc. $NTES Stock Position Cut by OPTIMAS CAPITAL Ltd

OPTIMAS CAPITAL Ltd lowered its stake in NetEase, Inc. (NASDAQ:NTES) by 50.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,477 shares of the technology company’s stock after selling 31,623 shares during the quarter. NetEase accounts for 4.7% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its 5th largest position. OPTIMAS CAPITAL Ltd’s holdings in NetEase were worth $4,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTES. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of NetEase by 68,860.6% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,551,117 shares of the technology company’s stock worth $1,299,684,000 after acquiring an additional 8,538,717 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of NetEase by 4.7% during the 3rd quarter. Fisher Asset Management LLC now owns 1,133,052 shares of the technology company’s stock worth $172,213,000 after acquiring an additional 50,861 shares during the last quarter. Man Group plc boosted its stake in shares of NetEase by 7.3% during the 3rd quarter. Man Group plc now owns 1,055,122 shares of the technology company’s stock worth $160,368,000 after acquiring an additional 71,966 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of NetEase by 15.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 841,623 shares of the technology company’s stock worth $127,823,000 after acquiring an additional 112,001 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of NetEase by 7.3% during the 3rd 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. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

Shares of NASDAQ NTES opened at $122.73 on Friday. The company has a market cap of $78.35 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.70 and a beta of 0.72. The firm’s fifty day moving average is $115.73 and its two-hundred day moving average is $124.97. NetEase, Inc. has a 52-week low of $106.06 and a 52-week high of $159.55.

NetEase Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a $0.72 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.3%. NetEase’s payout ratio is 61.49%.

Analyst Ratings Changes

Several research analysts have recently weighed in on NTES shares. Nomura dropped their price target 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. Wall Street Zen upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Citigroup reiterated a “buy” rating on shares of NetEase in a research note on Wednesday, February 11th. 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. Finally, Barclays dropped their price target on shares of NetEase from $135.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 12th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.38.

About NetEase

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.