OPTIMAS CAPITAL Ltd Purchases New Position in NetEase, Inc. (NASDAQ:NTES)

OPTIMAS CAPITAL Ltd purchased a new stake in NetEase, Inc. (NASDAQ:NTES) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 65,301 shares of the technology company’s stock, valued at approximately $5,826,000. NetEase makes up about 7.9% of OPTIMAS CAPITAL Ltd’s investment portfolio, making the stock its 3rd largest holding.

Several other large investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its stake in shares of NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock valued at $30,000 after acquiring an additional 152 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of NetEase during the fourth quarter valued at about $34,000. UMB Bank n.a. grew its stake in shares of NetEase by 33.3% during the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after acquiring an additional 111 shares in the last quarter. Live Oak Investment Partners acquired a new stake in shares of NetEase during the fourth quarter valued at about $62,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of NetEase during the third quarter valued at about $70,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Morgan Stanley increased their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Bank of America increased their price target on shares of NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Barclays increased their price target on shares of NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Finally, Benchmark increased their price target on shares of NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.57.

NetEase Stock Down 0.8 %

Shares of NASDAQ NTES opened at $101.99 on Tuesday. The firm’s 50-day moving average price is $101.17 and its two-hundred day moving average price is $91.42. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $110.15. The stock has a market capitalization of $65.49 billion, a P/E ratio of 16.01, a P/E/G ratio of 3.37 and a beta of 0.61.

NetEase (NASDAQ:NTES) last issued its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $27.16 billion. As a group, equities research analysts expect that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.71%. NetEase’s dividend payout ratio (DPR) is presently 76.45%.

NetEase Company 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.