5,367 Shares in NetEase, Inc. $NTES Purchased by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac acquired a new position in NetEase, Inc. (NASDAQ:NTES) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 5,367 shares of the technology company’s stock, valued at approximately $739,000.

A number of other large investors have also modified their holdings of the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of NetEase in the 4th quarter worth about $217,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of NetEase by 178.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,372 shares of the technology company’s stock worth $1,015,000 after acquiring an additional 4,721 shares during the period. Expressive Wealth LLC acquired a new stake in shares of NetEase in the 4th quarter worth about $380,000. Harbour Investments Inc. increased its holdings in shares of NetEase by 7,480.0% in the 4th quarter. Harbour Investments Inc. now owns 379 shares of the technology company’s stock worth $52,000 after acquiring an additional 374 shares during the period. Finally, Summitry LLC increased its holdings in shares of NetEase by 40.6% in the 4th quarter. Summitry LLC now owns 2,772 shares of the technology company’s stock worth $381,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Trading Down 1.0%

NetEase stock opened at $122.82 on Friday. The stock has a market cap of $77.82 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 1.71 and a beta of 0.72. The company’s 50-day moving average price is $114.98 and its two-hundred day moving average price is $125.59. NetEase, Inc. has a 52 week low of $106.06 and a 52 week high of $159.55.

NetEase Cuts Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of NetEase from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Morgan Stanley reissued an “overweight” rating and set a $158.00 target price on shares of NetEase in a research note on Tuesday. Nomura lowered their target price 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. Citigroup reissued a “buy” rating on shares of NetEase in a research note on Wednesday, February 11th. Finally, Benchmark reissued a “buy” rating on shares of NetEase in a research note on Friday, May 22nd. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.38.

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.