Polymer Capital Management HK LTD Purchases 8,507 Shares of NetEase, Inc. $NTES

Polymer Capital Management HK LTD lifted its position in NetEase, Inc. (NASDAQ:NTES) by 39.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,007 shares of the technology company’s stock after buying an additional 8,507 shares during the period. Polymer Capital Management HK LTD’s holdings in NetEase were worth $4,130,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of NetEase by 18.7% in the 4th quarter. Wells Fargo & Company MN now owns 52,041 shares of the technology company’s stock valued at $7,162,000 after buying an additional 8,200 shares in the last quarter. Keystone Investors PTE Ltd. bought a new stake in shares of NetEase in the 4th quarter valued at $626,000. Advisors Asset Management Inc. increased its position in shares of NetEase by 5.0% in the 4th quarter. Advisors Asset Management Inc. now owns 16,285 shares of the technology company’s stock valued at $2,241,000 after buying an additional 780 shares in the last quarter. CI Investments Inc. increased its position in shares of NetEase by 9.1% in the 4th quarter. CI Investments Inc. now owns 72,356 shares of the technology company’s stock valued at $9,958,000 after buying an additional 6,011 shares in the last quarter. Finally, Rossby Financial LCC increased its position in shares of NetEase by 5,328.6% in the 4th quarter. Rossby Financial LCC now owns 760 shares of the technology company’s stock valued at $105,000 after buying an additional 746 shares in the last quarter. Institutional investors own 11.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Benchmark restated a “buy” rating on shares of NetEase in a research report on Friday, May 22nd. Zacks Research upgraded NetEase from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Nomura lowered their target price on NetEase from $160.00 to $155.00 and set a “buy” rating for the company in a report on Friday, February 13th. Finally, Morgan Stanley reiterated 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $157.38.

NetEase Trading Up 0.2%

NTES stock opened at $125.82 on Friday. The stock has a 50-day moving average price of $117.11 and a two-hundred day moving average price of $124.50. The stock has a market cap of $80.33 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.63 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 announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, June 5th. NetEase’s dividend payout ratio is 38.11%.

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.