Caprock Group LLC Invests $239,000 in NetEase, Inc. (NASDAQ:NTES)

Caprock Group LLC acquired a new stake in NetEase, Inc. (NASDAQ:NTES) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,680 shares of the technology company’s stock, valued at approximately $239,000.

Several other large investors also recently modified their holdings of NTES. Brooklyn Investment Group bought a new stake in NetEase during the fourth quarter valued at $34,000. UMB Bank n.a. lifted its stake in shares of NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after purchasing an additional 111 shares during the period. Highline Wealth Partners LLC acquired a new position in shares of NetEase in the 3rd quarter valued at about $45,000. RPg Family Wealth Advisory LLC bought a new stake in shares of NetEase during the 3rd quarter valued at about $70,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in NetEase during the third quarter worth approximately $76,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.

NetEase Trading Up 1.9 %

NTES opened at $103.21 on Friday. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $114.50. The company has a market cap of $66.28 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 3.44 and a beta of 0.58. The company’s fifty day moving average price is $94.94 and its two-hundred day moving average price is $88.70.

NetEase Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.435 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.69%. NetEase’s dividend payout ratio is presently 29.22%.

Wall Street Analysts Forecast Growth

NTES has been the topic of several recent analyst reports. Citigroup boosted their price target on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Benchmark reduced their price target on shares of NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a report on Friday, November 15th. Morgan Stanley raised shares of NetEase from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $90.00 to $108.00 in a research note on Wednesday, January 8th. Finally, Bank of America increased their price objective on shares of NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.71.

NetEase Profile

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.