Fisher Asset Management LLC Buys 82,474 Shares of NetEase, Inc. (NASDAQ:NTES)

Fisher Asset Management LLC raised its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,145,657 shares of the technology company’s stock after purchasing an additional 82,474 shares during the period. Fisher Asset Management LLC owned 0.18% of NetEase worth $107,130,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. increased its stake in NetEase by 1,415.0% in the 2nd quarter. Mather Group LLC. now owns 303 shares of the technology company’s stock worth $31,000 after acquiring an additional 283 shares during the last quarter. SYSTM Wealth Solutions LLC grew its stake in shares of NetEase by 55.5% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 328 shares of the technology company’s stock worth $31,000 after buying an additional 117 shares in the last quarter. Ariadne Wealth Management LP bought a new stake in shares of NetEase in the 2nd quarter worth about $35,000. Highline Wealth Partners LLC purchased a new stake in shares of NetEase during the 3rd quarter valued at about $45,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of NetEase in the 3rd quarter valued at approximately $76,000. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

NASDAQ:NTES opened at $85.40 on Tuesday. The firm has a 50-day simple moving average of $84.92 and a 200-day simple moving average of $88.43. NetEase, Inc. has a one year low of $75.85 and a one year high of $115.10. The firm has a market cap of $54.84 billion, a P/E ratio of 14.43, a P/E/G ratio of 3.27 and a beta of 0.57.

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, November 29th. NetEase’s dividend payout ratio (DPR) is currently 29.22%.

Analysts Set New Price Targets

NTES has been the topic of several recent research reports. Citigroup increased their price target on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 15th. Barclays cut their target price on NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, August 26th. Bank of America decreased their target price on NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Jefferies Financial Group reduced their price target on shares of NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Finally, Benchmark lowered their price objective on shares of NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.