Stock Traders Buy High Volume of Call Options on NetEase (NTES)
NetEase Inc (NASDAQ:NTES) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 2,720 call options on the company. This represents an increase of 138% compared to the typical volume of 1,145 call options.
Shares of NetEase (NASDAQ:NTES) traded down 0.55% on Tuesday, reaching $292.06. The company’s stock had a trading volume of 917,679 shares. The stock has a market capitalization of $38.41 billion, a P/E ratio of 20.38 and a beta of 0.70. The company has a 50 day moving average of $273.09 and a 200 day moving average of $258.02. NetEase has a 1-year low of $161.00 and a 1-year high of $308.66.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 26th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, May 24th. NetEase’s dividend payout ratio (DPR) is 25.15%.
A number of analysts have weighed in on the stock. Deutsche Bank AG set a $298.00 price objective on shares of NetEase and gave the company a “buy” rating in a research note on Thursday, February 16th. Benchmark Co. assumed coverage on shares of NetEase in a research note on Tuesday, April 18th. They issued a “buy” rating and a $325.00 price target for the company. Vetr lowered shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price target for the company. in a research note on Monday. Zacks Investment Research upgraded shares of NetEase from a “sell” rating to a “hold” rating in a research note on Tuesday, January 31st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $300.00 price target on shares of NetEase in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $292.09.
A number of hedge funds have recently bought and sold shares of the stock. Assetmark Inc. raised its stake in NetEase by 51.0% in the first quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock valued at $104,000 after buying an additional 124 shares during the period. Howe & Rusling Inc. increased its stake in shares of NetEase by 7.2% in the first quarter. Howe & Rusling Inc. now owns 715 shares of the technology company’s stock valued at $203,000 after buying an additional 48 shares in the last quarter. Private Advisory Group LLC bought a new stake in shares of NetEase during the first quarter valued at about $205,000. Wetherby Asset Management Inc. increased its stake in shares of NetEase by 2.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 1,003 shares of the technology company’s stock valued at $216,000 after buying an additional 28 shares in the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA bought a new stake in shares of NetEase during the first quarter valued at about $227,000. 56.72% of the stock is currently owned by institutional investors.
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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