Grantham Mayo Van Otterloo & Co. LLC Takes Position in NetEase, Inc. $NTES

Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of NetEase, Inc. (NASDAQ:NTES) in the third quarter, HoldingsChannel.com reports. The fund purchased 15,400 shares of the technology company’s stock, valued at approximately $2,341,000.

Several other large investors have also bought and sold shares of NTES. Brighton Jones LLC boosted its stake in NetEase by 1.1% in the fourth quarter. Brighton Jones LLC now owns 10,297 shares of the technology company’s stock valued at $919,000 after acquiring an additional 117 shares during the last quarter. Strs Ohio acquired a new stake in NetEase during the 1st quarter worth $63,000. Bank of Montreal Can raised its position in shares of NetEase by 2.0% during the 2nd quarter. Bank of Montreal Can now owns 38,158 shares of the technology company’s stock valued at $5,135,000 after acquiring an additional 739 shares during the last quarter. Savant Capital LLC raised its position in shares of NetEase by 61.9% during the 2nd quarter. Savant Capital LLC now owns 3,692 shares of the technology company’s stock valued at $497,000 after acquiring an additional 1,412 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of NetEase by 29.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,191 shares of the technology company’s stock valued at $429,000 after purchasing an additional 723 shares during the period. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on NTES. Sanford C. Bernstein set a $155.00 price target on NetEase in a research report on Friday, November 21st. Morgan Stanley reiterated an “overweight” rating and issued a $154.00 price objective on shares of NetEase in a report on Monday, March 2nd. Benchmark reissued a “buy” rating on shares of NetEase in a research note on Thursday, February 12th. Barclays reduced their target price on NetEase from $135.00 to $132.00 and set an “equal weight” rating on the stock in a report on Thursday, February 12th. Finally, Wall Street Zen cut NetEase from a “buy” rating to a “hold” rating in a research note on Sunday, November 23rd. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $153.89.

NetEase Stock Performance

Shares of NTES stock opened at $117.75 on Wednesday. The company has a market capitalization of $74.61 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 1.50 and a beta of 0.74. The company’s 50 day moving average price is $127.76 and its two-hundred day moving average price is $137.58. NetEase, Inc. has a 52 week low of $88.54 and a 52 week high of $159.55.

NetEase Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 16th will be given a dividend of $1.16 per share. This is a positive change from NetEase’s previous quarterly dividend of $0.57. This represents a $4.64 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, March 16th. NetEase’s payout ratio is currently 30.93%.

NetEase 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.