Hel Ved Capital Management Ltd Buys 22,300 Shares of NetEase, Inc. $NTES

Hel Ved Capital Management Ltd grew its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 172.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,200 shares of the technology company’s stock after buying an additional 22,300 shares during the quarter. NetEase accounts for 1.1% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 19th biggest position. Hel Ved Capital Management Ltd’s holdings in NetEase were worth $5,350,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. NewSquare Capital LLC increased its stake in NetEase by 137.2% in the second quarter. NewSquare Capital LLC now owns 185 shares of the technology company’s stock valued at $25,000 after acquiring an additional 107 shares during the last quarter. Cornerstone Planning Group LLC purchased a new position in shares of NetEase in the 3rd quarter worth about $33,000. Spire Wealth Management boosted its holdings in shares of NetEase by 159.6% in the 2nd quarter. Spire Wealth Management now owns 257 shares of the technology company’s stock worth $35,000 after purchasing an additional 158 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of NetEase during the 3rd quarter valued at about $38,000. Finally, First Horizon Corp bought a new position in shares of NetEase during the 3rd quarter valued at about $45,000. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on NTES shares. Wall Street Zen downgraded NetEase from a “buy” rating to a “hold” rating in a research report on Sunday, November 23rd. Nomura decreased 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. Benchmark restated a “buy” rating on shares of NetEase in a report on Thursday, February 12th. Sanford C. Bernstein set a $155.00 price objective on shares of NetEase in a research note on Friday, November 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $154.00 target price on shares of NetEase in a report on Monday. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $153.89.

NetEase Price Performance

Shares of NTES stock opened at $117.82 on Friday. The business has a 50-day moving average of $128.64 and a 200 day moving average of $137.66. NetEase, Inc. has a 1-year low of $88.54 and a 1-year high of $159.55. The stock has a market capitalization of $74.65 billion, a PE ratio of 16.05, a P/E/G ratio of 1.45 and a beta of 0.74.

NetEase Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 16th will be issued a $1.16 dividend. This is a positive change from NetEase’s previous quarterly dividend of $0.57. This represents a $4.64 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, March 16th. NetEase’s dividend payout ratio (DPR) is 30.93%.

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.