NetEase, Inc. (NASDAQ:NTES) Short Interest Update

NetEase, Inc. (NASDAQ:NTES) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 3,590,000 shares, a decline of 18.6% from the November 30th total of 4,410,000 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 1,710,000 shares, the days-to-cover ratio is currently 2.1 days.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NTES shares. Citigroup boosted their price objective on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Benchmark decreased their price target on NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.29.

NetEase Trading Down 2.4 %

Shares of NASDAQ:NTES traded down $2.23 during trading on Monday, hitting $89.25. 701,647 shares of the stock were exchanged, compared to its average volume of 1,686,091. The company has a market cap of $57.31 billion, a PE ratio of 15.08, a P/E/G ratio of 3.53 and a beta of 0.57. The company has a fifty day moving average price of $86.65 and a two-hundred day moving average price of $87.90. NetEase has a 12-month low of $75.85 and a 12-month high of $114.50.

NetEase Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.95%. The ex-dividend date was Friday, November 29th. NetEase’s dividend payout ratio (DPR) is 29.22%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NTES. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 acquiring an additional 6,213,248 shares during the last quarter. Hhlr Advisors LTD. grew its position in shares of NetEase by 86.8% in the third quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock valued at $242,092,000 after purchasing an additional 1,203,129 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position 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 valued at $161,789,000 after purchasing an additional 103,102 shares during the last quarter. Point72 Hong Kong Ltd increased its stake in shares of NetEase by 109.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,213,323 shares of the technology company’s stock worth $115,969,000 after purchasing an additional 632,896 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of NetEase by 7.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company’s stock worth $107,130,000 after purchasing an additional 82,474 shares during the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

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.