OPTIMAS CAPITAL Ltd Has $4.19 Million Stock Position in NetEase, Inc. $NTES

OPTIMAS CAPITAL Ltd decreased its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 50.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,477 shares of the technology company’s stock after selling 31,623 shares during the period. NetEase accounts for 4.7% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its 5th largest position. OPTIMAS CAPITAL Ltd’s holdings in NetEase were worth $4,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC bought a new position in shares of NetEase during the third quarter valued at approximately $33,000. Smartleaf Asset Management LLC increased its position in shares of NetEase by 3,381.8% during the second quarter. Smartleaf Asset Management LLC now owns 383 shares of the technology company’s stock valued at $51,000 after acquiring an additional 372 shares in the last quarter. Harbour Investments Inc. increased its position in shares of NetEase by 7,480.0% during the fourth quarter. Harbour Investments Inc. now owns 379 shares of the technology company’s stock valued at $52,000 after acquiring an additional 374 shares in the last quarter. Spire Wealth Management increased its position in shares of NetEase by 31.3% during the fourth quarter. Spire Wealth Management now owns 436 shares of the technology company’s stock valued at $60,000 after acquiring an additional 104 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of NetEase during the first quarter valued at approximately $63,000. Institutional investors own 11.07% of the company’s stock.

NetEase Trading Up 0.1%

Shares of NTES stock opened at $122.73 on Friday. NetEase, Inc. has a 12-month low of $106.06 and a 12-month high of $159.55. The firm’s 50 day moving average is $115.73 and its 200 day moving average is $124.97. The stock has a market capitalization of $78.35 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.70 and a beta of 0.72.

NetEase Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a $0.72 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.88 annualized dividend and a yield of 2.3%. NetEase’s dividend payout ratio (DPR) is currently 61.49%.

Wall Street Analyst Weigh In

NTES has been the subject of several analyst reports. Barclays reduced their price target on shares of NetEase from $135.00 to $132.00 and set an “equal weight” rating for the company in a research report on Thursday, February 12th. Wall Street Zen raised shares of NetEase from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Morgan Stanley reissued an “overweight” rating and set a $158.00 price target on shares of NetEase in a research report on Tuesday, May 26th. Citigroup reissued a “buy” rating on shares of NetEase in a research report on Wednesday, February 11th. Finally, Nomura reduced their price target on shares of NetEase from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NetEase has an average rating of “Moderate Buy” and a consensus target price of $157.38.

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.