4,296 Shares in NetEase, Inc. $NTES Acquired by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL bought a new position in NetEase, Inc. (NASDAQ:NTES) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,296 shares of the technology company’s stock, valued at approximately $653,000.

A number of other hedge funds have also added to or reduced their stakes in NTES. Bank of Montreal Can lifted its holdings in shares of NetEase by 1,636.4% during the 3rd quarter. Bank of Montreal Can now owns 662,557 shares of the technology company’s stock valued at $100,702,000 after buying an additional 624,399 shares during the period. Man Group plc grew its holdings in shares of NetEase by 33.3% in the second quarter. Man Group plc now owns 983,156 shares of the technology company’s stock worth $132,313,000 after acquiring an additional 245,872 shares during the period. Causeway Capital Management LLC increased its position in NetEase by 44.6% during the third quarter. Causeway Capital Management LLC now owns 638,315 shares of the technology company’s stock valued at $97,017,000 after acquiring an additional 196,821 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in NetEase by 103.0% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 332,195 shares of the technology company’s stock valued at $44,707,000 after acquiring an additional 168,573 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in NetEase by 351.5% in the second quarter. Ameriprise Financial Inc. now owns 187,415 shares of the technology company’s stock valued at $25,221,000 after acquiring an additional 145,906 shares during the period. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTES has been the topic of a number of recent research reports. Sanford C. Bernstein set a $155.00 target price on NetEase in a report on Friday, November 21st. Nomura reduced their price target on shares of NetEase from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Barclays lowered their price objective on shares of NetEase from $135.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 12th. Benchmark reissued a “buy” rating on shares of NetEase in a report on Thursday, February 12th. Finally, Wall Street Zen lowered shares of NetEase from a “buy” rating to a “hold” rating in a research report on Sunday, November 23rd. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $153.89.

NetEase Stock Performance

NASDAQ NTES opened at $117.51 on Friday. The company has a market capitalization of $74.45 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.48 and a beta of 0.74. The business’s fifty day moving average is $126.28 and its 200 day moving average is $137.15. NetEase, Inc. has a fifty-two week low of $88.54 and a fifty-two week high of $159.55.

NetEase Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 16th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 3.9%. This is an increase from NetEase’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, March 16th. NetEase’s dividend payout ratio is 30.93%.

About NetEase

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.