Ballentine Partners LLC Takes $288,000 Position in NetEase, Inc. (NASDAQ:NTES)

Ballentine Partners LLC bought a new stake in shares of NetEase, Inc. (NASDAQ:NTES) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 3,223 shares of the technology company’s stock, valued at approximately $288,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Guinness Asset Management LTD boosted its holdings in NetEase by 0.9% during the fourth quarter. Guinness Asset Management LTD now owns 87,521 shares of the technology company’s stock valued at $7,808,000 after purchasing an additional 780 shares in the last quarter. UMB Bank n.a. lifted its position in shares of NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock worth $40,000 after buying an additional 111 shares during the period. Brooklyn Investment Group acquired a new stake in NetEase in the 4th quarter valued at $34,000. Retireful LLC bought a new stake in NetEase in the fourth quarter valued at $222,000. Finally, APEIRON CAPITAL Ltd raised its stake in NetEase by 20.5% during the fourth quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company’s stock worth $11,537,000 after acquiring an additional 22,000 shares in the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Price Performance

NTES stock opened at $103.18 on Friday. The stock has a market capitalization of $66.26 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 3.33 and a beta of 0.57. The company has a 50 day moving average price of $92.08 and a 200 day moving average price of $88.09. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $114.50.

NetEase Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Friday, November 29th. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley raised shares of NetEase from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $90.00 to $108.00 in a report on Wednesday, January 8th. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Benchmark cut their target price on shares of NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Bank of America boosted their target price on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Citigroup lifted their price objective on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, NetEase currently has a consensus rating of “Moderate Buy” and an average price target of $108.71.

About NetEase

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.