NetEase, Inc. (NASDAQ:NTES) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 6.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 568,454 shares of the technology company's stock after purchasing an additional 34,255 shares during the period. American Century Companies Inc. owned 0.09% of NetEase worth $50,712,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. WT Asset Management Ltd purchased a new position in shares of NetEase in the fourth quarter worth about $2,624,000. SG Americas Securities LLC acquired a new stake in NetEase in the 4th quarter valued at about $654,000. APEIRON CAPITAL Ltd lifted its stake in NetEase by 20.5% in the 4th quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company's stock worth $11,537,000 after purchasing an additional 22,000 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of NetEase during the 4th quarter worth approximately $3,817,000. Finally, Greenwoods Asset Management Hong Kong Ltd. grew its position in shares of NetEase by 10.8% in the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company's stock valued at $324,088,000 after purchasing an additional 354,273 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NTES shares. Barclays boosted their price objective on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Bank of America boosted their price target on shares of NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Benchmark raised their price objective on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. StockNews.com lowered shares of NetEase from a "strong-buy" rating to a "buy" rating in a report on Friday, December 6th. Finally, Morgan Stanley raised their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $114.57.

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NetEase Stock Performance

Shares of NetEase stock traded down $1.03 on Friday, reaching $100.72. The company had a trading volume of 743,353 shares, compared to its average volume of 1,586,748. The firm has a market cap of $64.68 billion, a PE ratio of 15.81, a PEG ratio of 3.37 and a beta of 0.61. The firm's 50 day moving average price is $102.05 and its two-hundred day moving average price is $92.79. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $110.15.

NetEase (NASDAQ:NTES - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The company had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $27.16 billion. As a group, sell-side analysts predict that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase's dividend payout ratio is currently 76.45%.

NetEase Company 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.