Capstone Investment Advisors LLC Acquires Shares of 11,283 NetEase, Inc. (NASDAQ:NTES)

Capstone Investment Advisors LLC acquired a new stake in NetEase, Inc. (NASDAQ:NTES) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,283 shares of the technology company’s stock, valued at approximately $1,167,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Boston Partners acquired a new stake in shares of NetEase during the 4th quarter valued at approximately $964,000. Assenagon Asset Management S.A. lifted its position in shares of NetEase by 451.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 511,454 shares of the technology company’s stock valued at $47,647,000 after acquiring an additional 418,677 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of NetEase by 879.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 28,311 shares of the technology company’s stock valued at $2,637,000 after acquiring an additional 25,421 shares during the period. BNP Paribas Financial Markets lifted its position in shares of NetEase by 64.5% during the 4th quarter. BNP Paribas Financial Markets now owns 56,809 shares of the technology company’s stock valued at $5,292,000 after acquiring an additional 22,268 shares during the period. Finally, AI Squared Management Ltd acquired a new stake in shares of NetEase during the 4th quarter valued at approximately $7,322,000. Hedge funds and other institutional investors own 11.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NTES shares. HSBC reduced their price target on shares of NetEase from $130.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 27th. Morgan Stanley restated an “equal weight” rating and set a $100.00 price objective on shares of NetEase in a research report on Friday. Barclays began coverage on NetEase in a research report on Thursday, June 13th. They set an “equal weight” rating and a $104.00 price objective for the company. Finally, Benchmark lifted their price objective on NetEase from $144.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.00.

NetEase Price Performance

NTES stock traded down $3.96 during midday trading on Friday, hitting $91.96. The stock had a trading volume of 2,061,656 shares, compared to its average volume of 1,302,649. The firm has a market cap of $59.05 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53. NetEase, Inc. has a 12-month low of $81.30 and a 12-month high of $118.89. The company’s 50-day moving average price is $94.96 and its 200 day moving average price is $98.11.

NetEase (NASDAQ:NTES) last released its earnings results on Thursday, May 23rd. The technology company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.05). The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.61 billion. NetEase had a return on equity of 24.19% and a net margin of 28.75%. As a group, sell-side analysts anticipate that NetEase, Inc. will post 6.68 EPS for the current year.

NetEase Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Thursday, June 6th were paid a dividend of $0.495 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.98 annualized dividend and a dividend yield of 2.15%. NetEase’s dividend payout ratio is presently 30.54%.

NetEase Profile

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.