APEIRON CAPITAL Ltd Acquires 22,000 Shares of NetEase, Inc. (NASDAQ:NTES)

APEIRON CAPITAL Ltd lifted its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 20.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,321 shares of the technology company's stock after buying an additional 22,000 shares during the period. NetEase comprises 4.3% of APEIRON CAPITAL Ltd's holdings, making the stock its 5th largest position. APEIRON CAPITAL Ltd's holdings in NetEase were worth $11,537,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NetEase by 13,747.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company's stock valued at $585,227,000 after acquiring an additional 6,213,248 shares during the last quarter. Hhlr Advisors LTD. raised its stake in NetEase by 86.8% during the third quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company's stock worth $242,092,000 after buying an additional 1,203,129 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in NetEase by 109.0% during the second quarter. Point72 Hong Kong Ltd now owns 1,213,323 shares of the technology company's stock worth $115,969,000 after buying an additional 632,896 shares during the last quarter. Temasek Holdings Private Ltd bought a new stake in NetEase in the third quarter valued at $51,498,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in NetEase by 472.6% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,000 shares of the technology company's stock valued at $39,087,000 after purchasing an additional 345,000 shares in the last quarter. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Price Performance

NASDAQ NTES traded up $1.50 during trading hours on Tuesday, hitting $89.72. The company's stock had a trading volume of 1,190,209 shares, compared to its average volume of 962,977. The company's 50 day simple moving average is $87.65 and its two-hundred day simple moving average is $87.77. The company has a market cap of $57.61 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 3.53 and a beta of 0.57. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $114.50.

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, November 29th. NetEase's dividend payout ratio (DPR) is currently 29.22%.

Analyst Ratings Changes

Several analysts have recently issued reports on NTES shares. Citigroup upped 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. Benchmark dropped their price objective 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. Finally, StockNews.com downgraded shares of NetEase from a "strong-buy" rating to a "buy" rating in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $107.29.

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.