XTX Topco Ltd Takes $274,000 Position in NetEase, Inc. (NASDAQ:NTES)

XTX Topco Ltd acquired a new stake in shares of NetEase, Inc. (NASDAQ:NTES) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,926 shares of the technology company’s stock, valued at approximately $274,000.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NetEase by 13,747.9% in the 3rd 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 buying an additional 6,213,248 shares in the last quarter. Hhlr Advisors LTD. grew its stake in NetEase by 86.8% in the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock valued at $242,092,000 after buying an additional 1,203,129 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of NetEase by 6.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,692,705 shares of the technology company’s stock worth $161,789,000 after purchasing an additional 103,102 shares during the period. Point72 Hong Kong Ltd increased its position in NetEase by 109.0% in the 2nd 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 period. Finally, Fisher Asset Management LLC increased its position in NetEase by 7.8% during the third quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company’s stock worth $107,130,000 after acquiring an additional 82,474 shares during the period. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

NetEase Stock Performance

Shares of NTES stock opened at $91.40 on Thursday. The firm’s 50 day moving average price is $85.51 and its two-hundred day moving average price is $87.94. The stock has a market cap of $58.69 billion, a PE ratio of 15.44, a PEG ratio of 3.53 and a beta of 0.57. NetEase, Inc. has a 52-week low of $75.85 and a 52-week 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. 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 1.90%. NetEase’s dividend payout ratio (DPR) is presently 29.22%.

Analyst Upgrades and Downgrades

NTES has been the topic of several research 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 report on Friday, December 6th. Barclays decreased their target price on NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, August 26th. Jefferies Financial Group lowered their price target on shares of NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, Bank of America dropped their price objective on shares of NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $107.29.

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.