NetEase Inc. (NASDAQ:NTES) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,316,763 shares, a decrease of 31.9% from the October 14th total of 1,933,622 shares. Based on an average daily trading volume, of 817,713 shares, the days-to-cover ratio is presently 1.6 days.

Shares of NetEase (NASDAQ:NTES) opened at 234.57 on Monday. NetEase has a 12-month low of $129.60 and a 12-month high of $272.58. The company has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 25th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.33%. The ex-dividend date is Tuesday, November 22nd. NetEase’s dividend payout ratio (DPR) is presently 23.26%.

A number of analysts have recently commented on NTES shares. Vetr downgraded NetEase from a “buy” rating to a “hold” rating and set a $266.16 target price on the stock. in a research note on Monday, October 10th. Jefferies Group started coverage on NetEase in a research note on Thursday, September 29th. They issued a “hold” rating and a $245.00 target price on the stock. Credit Suisse Group AG started coverage on NetEase in a research note on Friday, August 19th. They issued a “neutral” rating and a $230.00 target price on the stock. Credit Agricole SA upgraded NetEase from an “underperform” rating to an “outperform” rating and set a $272.00 target price on the stock in a research note on Monday, October 3rd. Finally, CICC Research upgraded NetEase to a “buy” rating and set a $345.00 target price on the stock in a research note on Wednesday, October 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $247.53.

Institutional investors have recently modified their holdings of the stock. DUPONT CAPITAL MANAGEMENT Corp boosted its position in NetEase by 1.7% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 221,349 shares of the company’s stock valued at $42,769,000 after buying an additional 3,620 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in NetEase by 50.5% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 184,958 shares of the company’s stock valued at $35,738,000 after buying an additional 62,070 shares during the last quarter. Bank of Montreal Can acquired a new position in NetEase during the second quarter valued at about $36,500,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in NetEase by 68.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 211,298 shares of the company’s stock valued at $40,827,000 after buying an additional 85,926 shares during the last quarter. Finally, Maple Brown Abbott Ltd boosted its position in NetEase by 9.2% in the second quarter. Maple Brown Abbott Ltd now owns 149,716 shares of the company’s stock valued at $28,928,000 after buying an additional 12,670 shares during the last quarter. Hedge funds and other institutional investors own 59.38% of the company’s stock.

NetEase Company Profile

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.

5 Day Chart for NASDAQ:NTES

Receive News & Stock Ratings for NetEase Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase Inc. and related stocks with our FREE daily email newsletter.