FNY Investment Advisers LLC Invests $894,000 in NetEase, Inc. $NTES

FNY Investment Advisers LLC bought a new stake in NetEase, Inc. (NASDAQ:NTES) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,500 shares of the technology company’s stock, valued at approximately $894,000.

Several other large investors have also modified their holdings of NTES. Brighton Jones LLC raised its stake in NetEase by 1.1% during the fourth quarter. Brighton Jones LLC now owns 10,297 shares of the technology company’s stock valued at $919,000 after buying an additional 117 shares in the last quarter. Strs Ohio acquired a new position in shares of NetEase in the 1st quarter worth approximately $63,000. Franklin Resources Inc. increased its holdings in shares of NetEase by 19.7% in the 2nd quarter. Franklin Resources Inc. now owns 13,020 shares of the technology company’s stock valued at $1,752,000 after acquiring an additional 2,147 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of NetEase by 14.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,459 shares of the technology company’s stock valued at $331,000 after acquiring an additional 313 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of NetEase by 12.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 16,436 shares of the technology company’s stock valued at $2,212,000 after acquiring an additional 1,874 shares in the last quarter. Institutional investors own 11.07% of the company’s stock.

Analyst Ratings Changes

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

NetEase Price Performance

Shares of NTES opened at $112.81 on Friday. NetEase, Inc. has a 12 month low of $88.54 and a 12 month high of $159.55. The stock has a fifty day moving average price of $118.99 and a 200 day moving average price of $134.61. The company has a market cap of $71.48 billion, a P/E ratio of 15.37, a PEG ratio of 1.45 and a beta of 0.76.

NetEase Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 16th were given a dividend of $1.16 per share. This is an increase from NetEase’s previous quarterly dividend of $0.57. This represents a $4.64 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, March 16th. NetEase’s payout ratio is currently 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.