Arrowstreet Capital Limited Partnership Acquires 40,871 Shares of NetEase, Inc. $NTES

Arrowstreet Capital Limited Partnership increased its holdings in NetEase, Inc. by 2.1% in the second quarter, acquiring an additional 40,871 shares. The fund now owns 1,977,146 shares, valued at $266,084,000. Other institutional investors also increased their stakes in NetEase. Analysts have set new price targets for NetEase, with an average rating of 'Moderate Buy' and an average price target of $152.10. NetEase's stock is trading at $144.95, with a market cap of $91.84 billion. The company recently announced a quarterly dividend of $0.57 per share.

Arrowstreet Capital Limited Partnership boosted its holdings in NetEase, Inc. (NASDAQ:NTES - Free Report) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,977,146 shares of the technology company's stock after purchasing an additional 40,871 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.31% of NetEase worth $266,084,000 as of its most recent SEC filing.

Overlooked Analyst-Approved Dividend Plays You Can Count On

Other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC raised its stake in shares of NetEase by 137.2% during the 2nd quarter. NewSquare Capital LLC now owns 185 shares of the technology company's stock worth $25,000 after purchasing an additional 107 shares during the period. Private Trust Co. NA increased its holdings in NetEase by 266.0% during the second quarter. Private Trust Co. NA now owns 194 shares of the technology company's stock worth $26,000 after buying an additional 141 shares during the last quarter. USA Financial Formulas bought a new stake in NetEase in the second quarter worth about $30,000. Reyes Financial Architecture Inc. boosted its stake in NetEase by 1,189.5% in the second quarter. Reyes Financial Architecture Inc. now owns 245 shares of the technology company's stock valued at $33,000 after acquiring an additional 226 shares during the last quarter. Finally, Richardson Financial Services Inc. bought a new position in shares of NetEase during the 2nd quarter valued at approximately $33,000. Institutional investors own 11.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on NTES shares. The Goldman Sachs Group set a $161.00 price objective on NetEase and gave the company a "buy" rating in a research note on Monday, September 15th. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price target on shares of NetEase in a research report on Wednesday, October 8th. Sanford C. Bernstein set a $155.00 price target on NetEase in a research note on Friday, November 21st. JPMorgan Chase & Co. upgraded NetEase from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $138.00 to $190.00 in a research note on Friday, October 10th. Finally, Arete Research raised shares of NetEase to a "strong-buy" rating in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, NetEase currently has an average rating of "Moderate Buy" and an average price target of $152.10.

David Tepper Loads Up on China—These 5 Stocks Stand Out

Check Out Our Latest Stock Analysis on NetEase

NetEase Trading Up 5.0%

Shares of NASDAQ:NTES opened at $144.95 on Tuesday. The company has a 50 day moving average of $144.61 and a 200 day moving average of $137.11. The stock has a market cap of $91.84 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.91 and a beta of 0.65. NetEase, Inc. has a 12 month low of $87.67 and a 12 month high of $159.55.

NetEase Cuts Dividend

Cash Flow Focus: Thermo Fisher, Energy Transfer, and NetEase

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, December 5th. NetEase's dividend payout ratio (DPR) is 28.99%.

NetEase Company Profile

(Free Report)

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.

Should You Invest $1,000 in NetEase Right Now?

Before you consider NetEase, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NetEase wasn't on the list.

While NetEase currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here