Exchange Traded Concepts LLC Has $6.05 Million Stock Position in NetEase, Inc. (NASDAQ:NTES)

Exchange Traded Concepts LLC grew its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 43.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,797 shares of the technology company's stock after buying an additional 20,552 shares during the quarter. Exchange Traded Concepts LLC's holdings in NetEase were worth $6,048,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new position in NetEase in the 4th quarter worth approximately $34,000. Ariadne Wealth Management LP purchased a new stake in shares of NetEase in the second quarter valued at $35,000. UMB Bank n.a. grew its holdings in shares of NetEase by 33.3% during the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock valued at $40,000 after buying an additional 111 shares in the last quarter. Highline Wealth Partners LLC purchased a new position in shares of NetEase during the third quarter valued at $45,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of NetEase during the third quarter valued at $70,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

NetEase Stock Up 3.8 %

NTES stock traded up $3.73 during trading hours on Friday, hitting $103.18. The company's stock had a trading volume of 1,196,104 shares, compared to its average volume of 1,121,390. The stock has a 50 day moving average price of $92.43 and a two-hundred day moving average price of $88.17. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $114.50. The company has a market capitalization of $66.26 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 3.33 and a beta of 0.57.

NetEase Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued 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 yield of 1.69%. NetEase's dividend payout ratio (DPR) 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.