Guinness Asset Management LTD Acquires 780 Shares of NetEase, Inc. (NASDAQ:NTES)

Guinness Asset Management LTD grew its stake in NetEase, Inc. (NASDAQ:NTES) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,521 shares of the technology company’s stock after acquiring an additional 780 shares during the period. Guinness Asset Management LTD’s holdings in NetEase were worth $7,808,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ariadne Wealth Management LP bought a new stake in NetEase in the second quarter valued at approximately $35,000. Brooklyn Investment Group bought a new stake in shares of NetEase during the 4th quarter worth about $34,000. UMB Bank n.a. grew its stake in NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after buying an additional 111 shares during the last quarter. Highline Wealth Partners LLC bought a new position in NetEase in the 3rd quarter valued at about $45,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of NetEase during the third quarter worth approximately $70,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Stock Up 0.5 %

NTES stock opened at $99.76 on Monday. The company’s 50-day moving average price is $90.42 and its two-hundred day moving average price is $87.90. The firm has a market cap of $64.06 billion, a P/E ratio of 16.85, a P/E/G ratio of 3.08 and a beta of 0.57. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $114.50.

NetEase Dividend Announcement

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

Analyst Ratings Changes

NTES has been the subject of several recent research reports. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Benchmark reduced their target price on shares of NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Bank of America raised 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. Morgan Stanley raised shares of NetEase from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $90.00 to $108.00 in a report on Wednesday, January 8th. Finally, Citigroup raised their target price on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.71.

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.