NetEase, Inc. (NASDAQ:NTES) is APEIRON CAPITAL Ltd’s 5th Largest Position

APEIRON CAPITAL Ltd lifted its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 20.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 129,321 shares of the technology company’s stock after acquiring an additional 22,000 shares during the period. NetEase makes up 4.3% of APEIRON CAPITAL Ltd’s holdings, making the stock its 5th biggest holding. APEIRON CAPITAL Ltd’s holdings in NetEase were worth $11,537,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTES. SYSTM Wealth Solutions LLC raised its stake in shares of NetEase by 55.5% during the second quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock valued at $31,000 after purchasing an additional 117 shares during the period. Ariadne Wealth Management LP purchased a new stake in NetEase during the 2nd quarter worth $35,000. Highline Wealth Partners LLC purchased a new stake in NetEase during the 3rd quarter worth $45,000. RPg Family Wealth Advisory LLC acquired a new position in NetEase in the 3rd quarter worth $70,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in NetEase in the 3rd quarter valued at about $76,000. 11.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTES has been the topic of a number of analyst reports. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Benchmark dropped their price objective on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Citigroup increased their target price on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Two research 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, NetEase currently has an average rating of “Moderate Buy” and an average target price of $107.29.

NetEase Stock Down 0.0 %

Shares of NASDAQ NTES opened at $88.22 on Tuesday. The stock’s 50 day moving average price is $87.65 and its two-hundred day moving average price is $87.77. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $114.50. The stock has a market capitalization of $56.65 billion, a P/E ratio of 14.90, a PEG ratio of 3.53 and a beta of 0.57.

NetEase Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, November 29th. NetEase’s dividend payout ratio is currently 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.