OPTIMAS CAPITAL Ltd Increases Stock Holdings in NetEase, Inc. $NTES

OPTIMAS CAPITAL Ltd lifted its holdings in NetEase, Inc. (NASDAQ:NTES) by 51.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,100 shares of the technology company’s stock after buying an additional 21,169 shares during the quarter. NetEase makes up about 6.0% of OPTIMAS CAPITAL Ltd’s holdings, making the stock its 5th biggest holding. OPTIMAS CAPITAL Ltd’s holdings in NetEase were worth $9,439,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in NetEase by 19.3% in the third quarter. Smartleaf Asset Management LLC now owns 457 shares of the technology company’s stock worth $69,000 after purchasing an additional 74 shares during the period. Spire Wealth Management grew its stake in shares of NetEase by 29.2% in the 3rd quarter. Spire Wealth Management now owns 332 shares of the technology company’s stock worth $50,000 after buying an additional 75 shares during the last quarter. Bridgewater Advisors Inc. increased its position in NetEase by 3.3% during the 2nd quarter. Bridgewater Advisors Inc. now owns 2,527 shares of the technology company’s stock valued at $332,000 after buying an additional 80 shares in the last quarter. AdvisorNet Financial Inc increased its position in NetEase by 7.2% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,501 shares of the technology company’s stock valued at $228,000 after buying an additional 101 shares in the last quarter. Finally, Frank Rimerman Advisors LLC raised its stake in NetEase by 1.6% during the second quarter. Frank Rimerman Advisors LLC now owns 6,422 shares of the technology company’s stock valued at $864,000 after buying an additional 104 shares during the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NTES. Sanford C. Bernstein set a $155.00 price target on NetEase in a report on Friday, November 21st. Benchmark increased their price objective on shares of NetEase from $145.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Wall Street Zen cut shares of NetEase from a “buy” rating to a “hold” rating in a report on Sunday, November 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of NetEase in a research note on Monday, December 22nd. Finally, Barclays set a $135.00 price target on shares of NetEase and gave the company an “equal weight” rating in a research report on Friday, November 21st. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.13.

NetEase Stock Up 2.2%

Shares of NTES stock opened at $122.92 on Monday. The company has a 50 day moving average price of $136.66 and a 200-day moving average price of $139.59. NetEase, Inc. has a 52 week low of $88.54 and a 52 week high of $159.55. The firm has a market capitalization of $77.88 billion, a PE ratio of 15.70, a P/E/G ratio of 1.37 and a beta of 0.71.

NetEase Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, December 5th. NetEase’s dividend payout ratio (DPR) is 28.99%.

NetEase Company Profile

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.