NetEase, Inc. (NASDAQ:NTES) Stock Holdings Increased by APEIRON CAPITAL Ltd

APEIRON CAPITAL Ltd increased its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 20.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,321 shares of the technology company’s stock after purchasing an additional 22,000 shares during the quarter. NetEase makes up approximately 4.3% of APEIRON CAPITAL Ltd’s holdings, making the stock its 5th largest holding. APEIRON CAPITAL Ltd’s holdings in NetEase were worth $11,537,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Guinness Asset Management LTD grew its holdings in shares of NetEase by 16.7% during the third quarter. Guinness Asset Management LTD now owns 86,741 shares of the technology company’s stock worth $8,111,000 after buying an additional 12,410 shares in the last quarter. Assetmark Inc. boosted its position in NetEase by 27.3% during the third quarter. Assetmark Inc. now owns 38,469 shares of the technology company’s stock worth $3,597,000 after acquiring an additional 8,248 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in NetEase by 15.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 569,633 shares of the technology company’s stock worth $54,502,000 after acquiring an additional 76,446 shares during the period. Cetera Investment Advisers raised its holdings in NetEase by 56.8% in the 2nd quarter. Cetera Investment Advisers now owns 17,123 shares of the technology company’s stock valued at $1,637,000 after acquiring an additional 6,203 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of NetEase during the 2nd quarter worth $604,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Stock Performance

Shares of NASDAQ:NTES opened at $88.22 on Tuesday. The stock has a 50-day simple moving average of $87.65 and a 200-day simple moving average of $87.77. The stock has a market capitalization of $56.65 billion, a P/E ratio of 14.90, a PEG ratio of 3.53 and a beta of 0.57. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $114.50.

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 1.97%. The ex-dividend date was Friday, November 29th. NetEase’s payout ratio is currently 29.22%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NTES shares. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Benchmark lowered their price target on NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, Citigroup increased their price objective on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, NetEase currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.29.

About NetEase

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.