NetEase, Inc. (NTES) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 25.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 402,632 shares of the technology company’s stock after buying an additional 82,410 shares during the period. Dimensional Fund Advisors LP owned approximately 0.31% of NetEase worth $114,300,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Assetmark Inc. raised its position in shares of NetEase by 51.0% in the first quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock valued at $104,000 after buying an additional 124 shares during the last quarter. Howe & Rusling Inc. raised its position in shares of NetEase by 7.2% in the first quarter. Howe & Rusling Inc. now owns 715 shares of the technology company’s stock valued at $203,000 after buying an additional 48 shares during the last quarter. Blair William & Co. IL bought a new position in shares of NetEase during the first quarter valued at $229,000. Dixon Hubard Feinour & Brown Inc. VA bought a new position in shares of NetEase during the first quarter valued at $227,000. Finally, AXA bought a new position in shares of NetEase during the first quarter valued at $227,000. 54.59% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

NetEase, Inc. (NTES) traded up 1.39% during trading on Wednesday, reaching $320.90. 450,560 shares of the company were exchanged. The stock has a market capitalization of $42.21 billion, a price-to-earnings ratio of 22.08 and a beta of 0.85. The firm’s 50 day moving average price is $289.21 and its 200-day moving average price is $267.72. NetEase, Inc. has a one year low of $165.02 and a one year high of $323.10.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Friday, May 26th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, May 24th. NetEase’s payout ratio is 25.09%.

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Several brokerages have recently weighed in on NTES. Jefferies Group LLC reissued a “buy” rating and issued a $330.00 price objective on shares of NetEase in a research report on Friday, June 16th. BidaskClub lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Vetr lowered shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $318.49 price objective on the stock. in a research report on Monday, May 22nd. Standpoint Research reissued a “buy” rating and issued a $340.00 price objective (up from $295.00) on shares of NetEase in a research report on Thursday, February 23rd. Finally, Zacks Investment Research lowered shares of NetEase from a “buy” rating to a “hold” rating in a research report on Tuesday, February 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $295.84.

NetEase Company Profile

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

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