GSA Capital Partners LLP Has $389,000 Position in NetEase Inc (NTES)

GSA Capital Partners LLP decreased its stake in shares of NetEase Inc (NASDAQ:NTES) by 36.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,805 shares of the company’s stock after selling 1,027 shares during the period. GSA Capital Partners LLP’s holdings in NetEase were worth $389,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NTES. Catalyst Capital Advisors LLC bought a new stake in NetEase during the third quarter valued at approximately $110,000. Nippon Life Insurance Co. increased its stake in NetEase by 8.9% in the third quarter. Nippon Life Insurance Co. now owns 783 shares of the company’s stock valued at $189,000 after buying an additional 64 shares in the last quarter. GRATRY & Co LLC bought a new stake in NetEase during the third quarter valued at approximately $203,000. Roberts Glore & Co. Inc. IL bought a new stake in NetEase during the third quarter valued at approximately $229,000. Finally, Navellier & Associates Inc bought a new stake in NetEase during the third quarter valued at approximately $240,000. 56.72% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

Shares of NetEase Inc (NASDAQ:NTES) opened at 288.98 on Friday. NetEase Inc has a 12-month low of $130.82 and a 12-month high of $308.66. The company has a 50 day moving average price of $284.32 and a 200-day moving average price of $250.37. The firm has a market cap of $37.93 billion, a PE ratio of 22.77 and a beta of 0.70.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, March 3rd were issued a $1.01 dividend. The ex-dividend date was Wednesday, March 1st. This represents a $4.04 dividend on an annualized basis and a yield of 1.40%. This is a boost from NetEase’s previous quarterly dividend of $0.78. NetEase’s dividend payout ratio (DPR) is currently 25.15%.

ILLEGAL ACTIVITY WARNING: This news story was reported by Web Breaking News and is the property of of Web Breaking News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at http://www.webbreakingnews.com/2017/03/25/gsa-capital-partners-llp-has-389000-position-in-netease-inc-ntes.html.

Several equities analysts have issued reports on the company. Standpoint Research reiterated a “buy” rating and set a $340.00 target price (up previously from $295.00) on shares of NetEase in a research report on Thursday, February 23rd. Vetr upgraded NetEase from a “sell” rating to a “hold” rating and set a $294.49 target price on the stock in a research report on Monday, February 27th. Deutsche Bank AG set a $298.00 target price on NetEase and gave the stock a “buy” rating in a research report on Thursday, February 16th. Zacks Investment Research cut NetEase from a “buy” rating to a “hold” rating in a research report on Tuesday, February 21st. Finally, Jefferies Group LLC boosted their target price on NetEase from $261.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $281.77.

About NetEase

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

5 Day Chart for NASDAQ:NTES

Want to see what other hedge funds are holding NTES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetEase Inc (NASDAQ:NTES).

Receive News & Ratings for NetEase Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.