PBU The Pension Fund of Early Childhood & Youth Educators Takes Position in NetEase, Inc. $NTES

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in NetEase, Inc. (NASDAQ:NTES) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 321,279 shares of the technology company’s stock, valued at approximately $44,214,000. NetEase makes up about 1.6% of PBU The Pension Fund of Early Childhood & Youth Educators’ investment portfolio, making the stock its 6th biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cornerstone Planning Group LLC acquired a new position in NetEase during the third quarter worth about $33,000. 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 acquiring an additional 372 shares in 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 acquiring an additional 374 shares in 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 acquiring an additional 104 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of NetEase during the 1st quarter worth approximately $63,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NTES. Morgan Stanley reissued an “overweight” rating and set a $158.00 price target on shares of NetEase in a research note on Tuesday, May 26th. Benchmark reissued a “buy” rating on shares of NetEase in a research note on Friday, May 22nd. Barclays decreased their price target on NetEase from $135.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 12th. Nomura decreased their price target on NetEase from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Finally, Wall Street Zen raised shares of NetEase from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, NetEase presently has an average rating of “Moderate Buy” and an average price target of $157.38.

NetEase Trading Down 2.6%

Shares of NASDAQ NTES opened at $119.48 on Friday. The stock has a market cap of $76.28 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.71 and a beta of 0.72. NetEase, Inc. has a 52 week low of $106.06 and a 52 week high of $159.55. The company’s 50-day moving average price is $115.86 and its 200 day moving average price is $124.93.

NetEase Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, June 5th. NetEase’s dividend payout ratio is presently 38.11%.

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.