Inspire Investing LLC Has $1.09 Million Stake in NetEase, Inc. (NASDAQ:NTES)

Inspire Investing LLC raised its stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 27.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,194 shares of the technology company's stock after purchasing an additional 2,614 shares during the quarter. Inspire Investing LLC's holdings in NetEase were worth $1,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in NetEase by 33.3% during the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after buying an additional 111 shares in the last quarter. State Street Corp grew its holdings in NetEase by 0.3% in the 3rd quarter. State Street Corp now owns 56,729 shares of the technology company's stock valued at $5,305,000 after buying an additional 156 shares in the last quarter. Financial Advocates Investment Management increased its position in NetEase by 5.4% during the third quarter. Financial Advocates Investment Management now owns 4,647 shares of the technology company's stock worth $435,000 after purchasing an additional 237 shares during the last quarter. Brandes Investment Partners LP raised its position in shares of NetEase by 1.2% during the 2nd quarter. Brandes Investment Partners LP now owns 20,880 shares of the technology company's stock valued at $2,000,000 after buying an additional 248 shares during the period. Finally, Financial Counselors Inc. increased its position in shares of NetEase by 8.0% during the 3rd quarter. Financial Counselors Inc. now owns 3,404 shares of the technology company's stock worth $318,000 after purchasing an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 11.07% of the company's stock.

NetEase Trading Up 3.8 %

NTES stock traded up $3.73 during trading hours on Friday, hitting $103.18. 1,196,104 shares of the stock traded hands, compared to its average volume of 1,500,526. NetEase, Inc. has a one year low of $75.85 and a one year high of $114.50. The stock has a 50-day simple moving average of $92.08 and a 200 day simple moving average of $88.09. The company has a market cap of $66.26 billion, a P/E ratio of 17.43, a P/E/G ratio of 3.33 and a beta of 0.57.

NetEase Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given 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 currently 29.22%.

Analyst Ratings Changes

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

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.