Brandes Investment Partners LP Acquires 3,627 Shares of NetEase, Inc. (NASDAQ:NTES)

Brandes Investment Partners LP increased its stake in NetEase, Inc. (NASDAQ:NTES - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,808 shares of the technology company's stock after purchasing an additional 3,627 shares during the quarter. Brandes Investment Partners LP's holdings in NetEase were worth $2,213,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NTES. Aurora Investment Counsel raised its stake in NetEase by 9.1% during the 4th quarter. Aurora Investment Counsel now owns 28,692 shares of the technology company's stock valued at $2,560,000 after purchasing an additional 2,387 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in NetEase by 81.7% in the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after acquiring an additional 152 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of NetEase by 112.1% in the 4th quarter. HighTower Advisors LLC now owns 8,330 shares of the technology company's stock worth $743,000 after acquiring an additional 4,402 shares during the period. Davis Selected Advisers acquired a new stake in shares of NetEase during the 4th quarter worth approximately $53,287,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of NetEase during the 4th quarter worth approximately $1,539,000. 11.07% of the stock is owned by institutional investors.

NetEase Stock Down 1.9 %

NASDAQ:NTES traded down $1.94 during mid-day trading on Thursday, reaching $99.97. 1,036,508 shares of the company were exchanged, compared to its average volume of 1,546,107. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $110.15. The stock has a market cap of $64.20 billion, a PE ratio of 15.69, a PEG ratio of 3.37 and a beta of 0.61. The company has a fifty day moving average of $101.58 and a 200 day moving average of $91.63.

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NetEase (NASDAQ:NTES - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. On average, equities research analysts anticipate that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.74%. NetEase's dividend payout ratio is currently 76.45%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Bank of America raised their target price on NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Benchmark upped their target price on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Morgan Stanley increased their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Barclays increased their target price on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Finally, StockNews.com downgraded NetEase from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, NetEase presently has an average rating of "Moderate Buy" and an average target price of $114.57.

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.