China Universal Asset Management Co. Ltd. Acquires New Stake in NetEase, Inc. (NASDAQ:NTES)

China Universal Asset Management Co. Ltd. acquired a new stake in NetEase, Inc. (NASDAQ:NTES - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,100 shares of the technology company's stock, valued at approximately $812,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Marshall Wace LLP bought a new position in NetEase in the second quarter valued at approximately $2,186,000. Cetera Investment Advisers raised its holdings in NetEase by 56.8% in the 2nd quarter. Cetera Investment Advisers now owns 17,123 shares of the technology company's stock valued at $1,637,000 after buying an additional 6,203 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in NetEase in the 2nd quarter valued at approximately $1,204,000. Guinness Asset Management LTD raised its position in NetEase by 16.7% during the 3rd quarter. Guinness Asset Management LTD now owns 86,741 shares of the technology company's stock worth $8,111,000 after purchasing an additional 12,410 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of NetEase by 1.7% during the third quarter. Exchange Traded Concepts LLC now owns 47,245 shares of the technology company's stock worth $4,418,000 after acquiring an additional 776 shares during the last quarter. Institutional investors and hedge funds own 11.07% of the company's stock.

Analyst Ratings Changes

NTES has been the topic of a number of research analyst reports. Morgan Stanley raised shares of NetEase from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $90.00 to $108.00 in a research report on Wednesday, January 8th. StockNews.com cut shares of NetEase from a "strong-buy" rating to a "buy" rating in a report on Friday, December 6th. Benchmark cut their target price on shares of NetEase from $120.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Citigroup raised their price objective on shares of NetEase from $108.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Bank of America upped their target price on NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $108.71.

NetEase Stock Performance

NASDAQ:NTES traded down $1.86 during trading hours on Tuesday, reaching $101.81. The company's stock had a trading volume of 207,330 shares, compared to its average volume of 1,310,128. The company has a market capitalization of $65.38 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 3.44 and a beta of 0.58. The stock has a 50 day moving average price of $93.98 and a two-hundred day moving average price of $88.47. NetEase, Inc. 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. Investors of record on Friday, November 29th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, November 29th. NetEase's payout ratio is 29.22%.

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.