Axiom Investors LLC DE Has $8.28 Million Position in NetEase, Inc. $NTES

Axiom Investors LLC DE reduced its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,162 shares of the technology company’s stock after selling 18,814 shares during the quarter. Axiom Investors LLC DE’s holdings in NetEase were worth $8,279,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NTES. Smartleaf Asset Management LLC raised its stake in NetEase by 3,381.8% during the second quarter. Smartleaf Asset Management LLC now owns 383 shares of the technology company’s stock worth $51,000 after acquiring an additional 372 shares in the last quarter. Harbour Investments Inc. raised its stake in NetEase by 7,480.0% during the fourth quarter. Harbour Investments Inc. now owns 379 shares of the technology company’s stock worth $52,000 after acquiring an additional 374 shares in the last quarter. Spire Wealth Management raised its stake in NetEase by 31.3% during the fourth quarter. Spire Wealth Management now owns 436 shares of the technology company’s stock worth $60,000 after acquiring an additional 104 shares in the last quarter. Strs Ohio acquired a new position in NetEase during the first quarter worth $63,000. Finally, Brown Brothers Harriman & Co. raised its stake in NetEase by 479.7% during the third quarter. Brown Brothers Harriman & Co. now owns 429 shares of the technology company’s stock worth $65,000 after acquiring an additional 355 shares in the last quarter. 11.07% of the stock is currently owned by institutional investors and hedge funds.

NetEase Stock Performance

Shares of NASDAQ:NTES opened at $120.73 on Wednesday. The business has a fifty day moving average of $116.27 and a 200-day moving average of $124.61. The firm has a market cap of $77.08 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.54 and a beta of 0.72. NetEase, Inc. has a twelve month low of $106.06 and a twelve month high of $159.55.

NetEase Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, June 5th. NetEase’s dividend payout ratio (DPR) is presently 38.11%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NTES. Barclays dropped their price objective on NetEase from $135.00 to $132.00 and set an “equal weight” rating for the company in a research note on Thursday, February 12th. Citigroup restated a “buy” rating on shares of NetEase in a research note on Wednesday, February 11th. Benchmark restated a “buy” rating on shares of NetEase in a research note on Friday, May 22nd. Nomura lowered their target price on NetEase from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, Morgan Stanley restated an “overweight” rating and issued a $158.00 target price on shares of NetEase in a research note on Tuesday, May 26th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.38.

NetEase 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.