Polymer Capital Management HK LTD Has $4.13 Million Stock Holdings in NetEase, Inc. $NTES

Polymer Capital Management HK LTD lifted its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 39.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,007 shares of the technology company’s stock after buying an additional 8,507 shares during the period. Polymer Capital Management HK LTD’s holdings in NetEase were worth $4,130,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NTES. Smartleaf Asset Management LLC boosted its stake in shares of NetEase by 3,381.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 383 shares of the technology company’s stock worth $51,000 after buying an additional 372 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of NetEase by 7,480.0% during the 4th quarter. Harbour Investments Inc. now owns 379 shares of the technology company’s stock worth $52,000 after buying an additional 374 shares during the last quarter. Spire Wealth Management boosted its stake in shares of NetEase by 31.3% during the 4th quarter. Spire Wealth Management now owns 436 shares of the technology company’s stock worth $60,000 after buying an additional 104 shares during the last quarter. Strs Ohio acquired a new position in shares of NetEase during the 1st quarter worth about $63,000. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of NetEase by 479.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 429 shares of the technology company’s stock worth $65,000 after buying an additional 355 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTES has been the subject of a number of recent research reports. Zacks Research upgraded shares of NetEase from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Wall Street Zen upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Nomura reduced their price objective on shares of NetEase from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Benchmark reiterated a “buy” rating on shares of NetEase in a research note on Friday, May 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $158.00 target price on shares of NetEase in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, NetEase presently has an average rating of “Moderate Buy” and an average price target of $157.38.

NetEase Stock Performance

Shares of NASDAQ:NTES opened at $125.82 on Friday. NetEase, Inc. has a 52-week low of $106.06 and a 52-week high of $159.55. The company has a market capitalization of $80.33 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 1.63 and a beta of 0.72. The company has a 50-day simple moving average of $117.11 and a 200 day simple moving average of $124.50.

NetEase Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, June 5th. NetEase’s dividend payout ratio (DPR) is 38.11%.

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.