Euro Pacific Asset Management LLC Has $1.17 Million Stake in NetEase, Inc. (NASDAQ:NTES)

Euro Pacific Asset Management LLC lifted its position in shares of NetEase, Inc. (NASDAQ:NTES) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,137 shares of the technology company’s stock after purchasing an additional 173 shares during the period. Euro Pacific Asset Management LLC’s holdings in NetEase were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NTES. Exchange Traded Concepts LLC boosted its position in shares of NetEase by 43.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 67,797 shares of the technology company’s stock valued at $6,048,000 after acquiring an additional 20,552 shares during the period. Brighton Jones LLC raised its stake in NetEase by 1.1% in the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company’s stock worth $919,000 after purchasing an additional 117 shares in the last quarter. Inspire Investing LLC boosted its holdings in NetEase by 27.3% in the 4th quarter. Inspire Investing LLC now owns 12,194 shares of the technology company’s stock valued at $1,088,000 after purchasing an additional 2,614 shares during the period. Avior Wealth Management LLC grew its position in shares of NetEase by 148.9% during the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company’s stock worth $89,000 after purchasing an additional 594 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of NetEase during the fourth quarter worth approximately $654,000. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Stock Up 3.8 %

NetEase stock opened at $103.18 on Friday. The stock has a market cap of $66.26 billion, a PE ratio of 17.43, a P/E/G ratio of 3.33 and a beta of 0.57. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $114.50. The business’s 50-day moving average price is $92.08 and its two-hundred day moving average price is $88.09.

NetEase Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, November 29th. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NTES. Bank of America increased their price target on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Citigroup boosted their price target on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Morgan Stanley upgraded shares of NetEase from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $90.00 to $108.00 in a research note on Wednesday, January 8th. Finally, Benchmark dropped 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, NetEase presently has a consensus rating of “Moderate Buy” and an average price target 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.