UMB Bank n.a. Acquires 111 Shares of NetEase, Inc. (NASDAQ:NTES)

UMB Bank n.a. lifted its holdings in NetEase, Inc. (NASDAQ:NTES) by 33.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 444 shares of the technology company’s stock after acquiring an additional 111 shares during the period. UMB Bank n.a.’s holdings in NetEase were worth $40,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Guinness Asset Management LTD grew its stake in shares of NetEase by 16.7% during the third quarter. Guinness Asset Management LTD now owns 86,741 shares of the technology company’s stock valued at $8,111,000 after buying an additional 12,410 shares during the last quarter. Assetmark Inc. boosted its stake in shares of NetEase by 27.3% during the third quarter. Assetmark Inc. now owns 38,469 shares of the technology company’s stock valued at $3,597,000 after purchasing an additional 8,248 shares during the period. Dimensional Fund Advisors LP increased its stake in NetEase by 15.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 569,633 shares of the technology company’s stock worth $54,502,000 after buying an additional 76,446 shares during the period. Cetera Investment Advisers boosted its position in NetEase by 56.8% in the 2nd quarter. Cetera Investment Advisers now owns 17,123 shares of the technology company’s stock valued at $1,637,000 after buying an additional 6,203 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in NetEase by 87.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 75,282 shares of the technology company’s stock worth $7,040,000 after acquiring an additional 35,031 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NTES. Benchmark dropped their price target on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Bank of America raised their price target on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Morgan Stanley upgraded NetEase from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $90.00 to $108.00 in a research note on Wednesday, January 8th. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Finally, Citigroup boosted their price target on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, NetEase currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.71.

NetEase Trading Up 3.8 %

Shares of NetEase stock opened at $103.18 on Friday. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $114.50. The firm’s 50-day moving average price is $92.43 and its 200 day moving average price is $88.17. The firm has a market capitalization of $66.26 billion, a PE ratio of 17.43, a P/E/G ratio of 3.33 and a beta of 0.57.

NetEase Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Friday, November 29th. NetEase’s dividend payout ratio is currently 29.22%.

About NetEase

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.