DRW Securities LLC Buys Shares of 10,814 NetEase, Inc. (NASDAQ:NTES)

DRW Securities LLC bought a new stake in NetEase, Inc. (NASDAQ:NTES) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,814 shares of the technology company’s stock, valued at approximately $1,011,000.

Several other large investors also recently bought and sold shares of NTES. Price T Rowe Associates Inc. MD acquired a new stake in NetEase in the first quarter valued at $103,658,000. Point72 Hong Kong Ltd grew its holdings in NetEase by 109.0% in the second quarter. Point72 Hong Kong Ltd now owns 1,213,323 shares of the technology company’s stock valued at $115,969,000 after purchasing an additional 632,896 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in NetEase by 65.8% in the second quarter. Assenagon Asset Management S.A. now owns 772,242 shares of the technology company’s stock valued at $73,811,000 after purchasing an additional 306,500 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of NetEase by 126.5% during the second quarter. Point72 Asset Management L.P. now owns 525,400 shares of the technology company’s stock valued at $50,218,000 after acquiring an additional 293,400 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of NetEase by 5,735.2% during the second quarter. National Bank of Canada FI now owns 281,080 shares of the technology company’s stock valued at $27,113,000 after acquiring an additional 276,263 shares during the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NTES. Jefferies Financial Group decreased their price objective on NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Citigroup increased their price objective on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Benchmark decreased their price objective on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Barclays decreased their price objective on NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, August 26th. Finally, Bank of America decreased their price objective on NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.29.

NetEase Price Performance

NetEase stock opened at $85.40 on Tuesday. The stock’s 50-day moving average is $84.92 and its 200-day moving average is $88.43. The company has a market cap of $54.84 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 3.27 and a beta of 0.57. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $115.10.

NetEase Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.435 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.04%. NetEase’s dividend payout ratio (DPR) is 29.22%.

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.