Retireful LLC Takes $222,000 Position in NetEase, Inc. (NASDAQ:NTES)

Retireful LLC acquired a new position in shares of NetEase, Inc. (NASDAQ:NTES) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,492 shares of the technology company’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SYSTM Wealth Solutions LLC grew 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 worth $31,000 after buying an additional 117 shares during the last quarter. Ariadne Wealth Management LP acquired a new stake in shares of NetEase during the 2nd quarter valued at $35,000. Highline Wealth Partners LLC bought 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 about $70,000. Finally, Allspring Global Investments Holdings LLC bought a new position in NetEase in the third quarter valued at about $76,000. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Down 4.4 %

Shares of NASDAQ NTES opened at $99.31 on Friday. The company has a market capitalization of $63.77 billion, a PE ratio of 16.78, a P/E/G ratio of 3.08 and a beta of 0.57. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $114.50. The firm has a fifty day simple moving average of $89.60 and a 200 day simple moving average of $87.84.

NetEase Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Friday, November 29th. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Benchmark reduced their price target on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Morgan Stanley raised shares of NetEase from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $90.00 to $108.00 in a report on Wednesday, January 8th. Citigroup raised their price target on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Finally, Bank of America raised their target price on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.71.

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.