NetEase, Inc. $NTES Position Raised by Capital Wealth Planning LLC

Capital Wealth Planning LLC increased its position in shares of NetEase, Inc. (NASDAQ:NTES) by 37.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 105,551 shares of the technology company’s stock after buying an additional 28,800 shares during the quarter. Capital Wealth Planning LLC’s holdings in NetEase were worth $15,575,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTES. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in NetEase by 68,860.6% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,551,117 shares of the technology company’s stock worth $1,299,684,000 after purchasing an additional 8,538,717 shares in the last quarter. Bank of Montreal Can raised its holdings in NetEase by 1,636.4% during the third quarter. Bank of Montreal Can now owns 662,557 shares of the technology company’s stock worth $100,702,000 after purchasing an additional 624,399 shares in the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in NetEase during the fourth quarter worth approximately $44,214,000. Man Group plc raised its holdings in NetEase by 33.3% during the second quarter. Man Group plc now owns 983,156 shares of the technology company’s stock worth $132,313,000 after purchasing an additional 245,872 shares in the last quarter. Finally, Causeway Capital Management LLC raised its holdings in NetEase by 44.6% during the third quarter. Causeway Capital Management LLC now owns 638,315 shares of the technology company’s stock worth $97,017,000 after purchasing an additional 196,821 shares in the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

NetEase stock opened at $125.52 on Thursday. The firm has a market cap of $80.13 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.56 and a beta of 0.72. NetEase, Inc. has a 1 year low of $106.06 and a 1 year high of $159.55. The firm’s 50 day moving average price is $116.58 and its two-hundred day moving average price is $124.55.

NetEase Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be given a $0.72 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.88 annualized dividend and a yield of 2.3%. NetEase’s payout ratio is 38.11%.

Analyst Ratings Changes

NTES has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating on shares of NetEase in a report on Friday, May 22nd. Wall Street Zen raised NetEase from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Zacks Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating in a research report on Monday. 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 report on Friday, February 13th. Finally, Citigroup restated a “buy” rating on shares of NetEase in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.