Hel Ved Capital Management Ltd Purchases 22,300 Shares of NetEase, Inc. $NTES

Hel Ved Capital Management Ltd grew its position in shares of NetEase, Inc. (NASDAQ:NTES) by 172.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,200 shares of the technology company’s stock after acquiring an additional 22,300 shares during the period. NetEase comprises 1.1% of Hel Ved Capital Management Ltd’s portfolio, making the stock its 19th largest position. Hel Ved Capital Management Ltd’s holdings in NetEase were worth $5,350,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NTES. Ameritas Advisory Services LLC raised its position in NetEase by 125.8% during the 3rd quarter. Ameritas Advisory Services LLC now owns 8,285 shares of the technology company’s stock valued at $1,259,000 after purchasing an additional 4,616 shares during the last quarter. ABN Amro Investment Solutions purchased a new stake in NetEase in the 2nd quarter worth approximately $2,056,000. Ninety One UK Ltd grew its position in shares of 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 last quarter. Renaissance Group LLC bought a new stake in shares of NetEase in the 3rd quarter worth approximately $6,177,000. Finally, Advisory Resource Group purchased a new position in shares of NetEase during the second quarter valued at approximately $1,313,000. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wall Street Zen downgraded NetEase from a “buy” rating to a “hold” rating in a report on Sunday, November 23rd. Nomura reduced their price objective on shares of NetEase from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Morgan Stanley restated an “overweight” rating and issued a $154.00 price objective on shares of NetEase in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetEase in a research report on Monday, December 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of NetEase in a research note on Wednesday, February 11th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, NetEase currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.89.

NetEase Stock Up 3.4%

NTES opened at $117.82 on Friday. NetEase, Inc. has a 52 week low of $88.54 and a 52 week high of $159.55. The stock has a market cap of $74.65 billion, a PE ratio of 16.05, a PEG ratio of 1.45 and a beta of 0.74. The business has a 50 day moving average of $128.64 and a 200-day moving average of $137.66.

NetEase Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 16th will be 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 yield of 3.9%. The ex-dividend date of this dividend is Monday, March 16th. NetEase’s payout ratio is 30.93%.

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.