Beck Bode LLC Takes $5.73 Million Position in NetEase Inc (NASDAQ:NTES)

Beck Bode LLC purchased a new stake in NetEase Inc (NASDAQ:NTES) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,526 shares of the technology company’s stock, valued at approximately $5,730,000. NetEase comprises 2.5% of Beck Bode LLC’s holdings, making the stock its 15th biggest holding.

Several other institutional investors have also added to or reduced their stakes in NTES. Tower Research Capital LLC TRC acquired a new stake in NetEase in the second quarter worth about $47,000. Quantamental Technologies LLC bought a new position in shares of NetEase in the 2nd quarter valued at about $49,000. FNY Investment Advisers LLC bought a new position in shares of NetEase in the 3rd quarter valued at about $51,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of NetEase during the 2nd quarter worth approximately $107,000. Finally, CSat Investment Advisory L.P. acquired a new stake in shares of NetEase during the 2nd quarter worth approximately $140,000. 48.24% of the stock is owned by institutional investors and hedge funds.

NTES traded down $1.07 during trading hours on Tuesday, hitting $312.70. 202,326 shares of the company’s stock were exchanged, compared to its average volume of 690,215. The stock has a market cap of $40.35 billion, a price-to-earnings ratio of 45.52, a PEG ratio of 0.40 and a beta of 0.81. NetEase Inc has a 1-year low of $209.01 and a 1-year high of $320.00. The stock’s 50-day moving average is $293.71 and its two-hundred day moving average is $265.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be paid a dividend of $4.14 per share. This represents a $16.56 dividend on an annualized basis and a dividend yield of 5.30%. This is an increase from NetEase’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, December 5th. NetEase’s dividend payout ratio is currently 60.41%.

A number of brokerages recently commented on NTES. Zacks Investment Research raised NetEase from a “hold” rating to a “buy” rating and set a $238.00 price objective for the company in a research note on Thursday, August 8th. Goldman Sachs Group cut shares of NetEase from a “buy” rating to a “neutral” rating in a research report on Sunday, August 11th. Macquarie began coverage on NetEase in a research note on Thursday, November 21st. They set an “outperform” rating and a $363.00 price objective on the stock. BidaskClub raised NetEase from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Jefferies Financial Group began coverage on NetEase in a report on Monday, August 5th. They set a “buy” rating and a $274.60 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $307.55.

NetEase Profile

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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