Iams Wealth Management LLC Acquires New Holdings in NetEase, Inc. $NTES

Iams Wealth Management LLC acquired a new stake in NetEase, Inc. (NASDAQ:NTES) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,499 shares of the technology company’s stock, valued at approximately $619,000.

Several other institutional investors also recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in NetEase by 68,860.6% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,551,117 shares of the technology company’s stock worth $1,299,684,000 after buying an additional 8,538,717 shares during the period. Ninety One UK Ltd increased its position in NetEase by 0.5% in the 3rd quarter. Ninety One UK Ltd now owns 6,296,150 shares of the technology company’s stock worth $956,952,000 after buying an additional 28,381 shares during the period. Fisher Asset Management LLC increased its position in NetEase by 4.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,133,052 shares of the technology company’s stock worth $172,213,000 after buying an additional 50,861 shares during the period. Man Group plc increased its position in NetEase by 7.3% in the 3rd quarter. Man Group plc now owns 1,055,122 shares of the technology company’s stock worth $160,368,000 after buying an additional 71,966 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in NetEase by 15.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 841,623 shares of the technology company’s stock worth $127,823,000 after buying an additional 112,001 shares during the period. 11.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NTES has been the topic of several recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of NetEase in a research report on Wednesday, February 11th. Barclays dropped their price target on NetEase from $135.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetEase in a research report on Monday, December 22nd. Morgan Stanley reissued an “overweight” rating and set a $154.00 price objective on shares of NetEase in a report on Monday, March 2nd. Finally, Nomura decreased their price objective on NetEase from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.89.

NetEase Trading Up 2.2%

Shares of NASDAQ:NTES opened at $118.38 on Friday. NetEase, Inc. has a 1-year low of $98.36 and a 1-year high of $159.55. The firm has a market capitalization of $75.00 billion, a PE ratio of 16.13, a PEG ratio of 1.49 and a beta of 0.76. The business’s 50 day moving average is $115.96 and its 200-day moving average is $131.89.

NetEase Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 16th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, March 16th. This is a boost from NetEase’s previous quarterly dividend of $0.57. NetEase’s payout ratio is 63.08%.

About NetEase

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.