Caas Capital Management LP Acquires 10,200 Shares of NetEase, Inc. (NASDAQ:NTES)

Caas Capital Management LP raised its holdings in NetEase, Inc. (NASDAQ:NTES) by 62.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,467 shares of the technology company’s stock after purchasing an additional 10,200 shares during the period. NetEase makes up about 0.4% of Caas Capital Management LP’s portfolio, making the stock its 15th largest holding. Caas Capital Management LP’s holdings in NetEase were worth $2,361,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Guinness Asset Management LTD lifted its stake in shares of NetEase by 16.7% in 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 in the last quarter. Assetmark Inc. raised its holdings in shares of NetEase by 27.3% in 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 last quarter. Cetera Investment Advisers raised its holdings in shares of NetEase by 56.8% in the second quarter. Cetera Investment Advisers now owns 17,123 shares of the technology company’s stock valued at $1,637,000 after purchasing an additional 6,203 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in NetEase by 87.0% during the third 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 buying an additional 35,031 shares during the last quarter. Finally, APEIRON CAPITAL Ltd increased its holdings in NetEase by 20.5% during the fourth quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company’s stock worth $11,537,000 after buying an additional 22,000 shares during the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

NTES stock opened at $103.67 on Tuesday. The firm has a fifty day moving average price of $93.98 and a 200 day moving average price of $88.47. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $114.50. The firm has a market cap of $66.57 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 3.44 and a beta of 0.58.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.74 annualized dividend and a dividend yield of 1.68%. NetEase’s dividend payout ratio (DPR) is 29.22%.

Analyst Upgrades and Downgrades

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

NetEase Company 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.