Fideuram Asset Management Ireland dac Acquires Shares of 5,367 NetEase, Inc. $NTES

Fideuram Asset Management Ireland dac acquired a new stake in shares of NetEase, Inc. (NASDAQ:NTES) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,367 shares of the technology company’s stock, valued at approximately $739,000.

Other large investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC boosted its stake in NetEase by 125.8% during the 3rd quarter. Ameritas Advisory Services LLC now owns 8,285 shares of the technology company’s stock valued at $1,259,000 after acquiring an additional 4,616 shares during the last quarter. Range Financial Group LLC bought a new position in NetEase during the 4th quarter valued at $1,759,000. Renaissance Group LLC bought a new position in NetEase during the 3rd quarter valued at $6,177,000. American Century Companies Inc. boosted its stake in NetEase by 7.3% during the 3rd quarter. American Century Companies Inc. now owns 803,379 shares of the technology company’s stock valued at $122,106,000 after acquiring an additional 54,929 shares during the last quarter. Finally, Ovata Capital Management Ltd boosted its stake in NetEase by 228.6% during the 3rd quarter. Ovata Capital Management Ltd now owns 25,300 shares of the technology company’s stock valued at $3,850,000 after acquiring an additional 17,600 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors.

NetEase Stock Performance

NetEase stock opened at $122.82 on Friday. The firm’s 50-day moving average is $114.98 and its 200-day moving average is $125.59. NetEase, Inc. has a 1 year low of $106.06 and a 1 year high of $159.55. The company has a market cap of $77.82 billion, a P/E ratio of 16.31, a PEG ratio of 1.71 and a beta of 0.72.

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 issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, June 5th. NetEase’s dividend payout ratio (DPR) is 38.11%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Benchmark reiterated a “buy” rating on shares of NetEase in a research note on Friday, May 22nd. Citigroup restated a “buy” rating on shares of NetEase in a research report on Wednesday, February 11th. Morgan Stanley restated an “overweight” rating and issued a $158.00 price target on shares of NetEase in a research report on Tuesday. Wall Street Zen upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Barclays reduced their price target on shares of NetEase from $135.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently 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.