NetEase, Inc. (NASDAQ:NTES) Stock Holdings Cut by Capital International Sarl

Capital International Sarl lessened its stake in NetEase, Inc. (NASDAQ:NTES - Free Report) by 20.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,431 shares of the technology company's stock after selling 7,030 shares during the period. Capital International Sarl's holdings in NetEase were worth $2,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTES. CANADA LIFE ASSURANCE Co increased its holdings in NetEase by 38.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 36,366 shares of the technology company's stock worth $3,241,000 after purchasing an additional 10,137 shares during the period. NewEdge Advisors LLC boosted its stake in NetEase by 14.3% in the fourth quarter. NewEdge Advisors LLC now owns 3,850 shares of the technology company's stock valued at $343,000 after acquiring an additional 481 shares in the last quarter. Dodge & Cox boosted its position in shares of NetEase by 0.6% in the 4th quarter. Dodge & Cox now owns 2,649,876 shares of the technology company's stock valued at $236,395,000 after purchasing an additional 15,900 shares during the period. XTX Topco Ltd grew its stake in NetEase by 320.9% during the 4th quarter. XTX Topco Ltd now owns 12,315 shares of the technology company's stock worth $1,099,000 after buying an additional 9,389 shares during the last quarter. Finally, Mariner LLC increased its position in NetEase by 13.2% during the fourth quarter. Mariner LLC now owns 8,569 shares of the technology company's stock worth $764,000 after buying an additional 998 shares during the period. Hedge funds and other institutional investors own 11.07% of the company's stock.

Analysts Set New Price Targets

NTES has been the topic of a number of research reports. Bank of America raised their target price on shares of 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 report on Friday, February 21st. Morgan Stanley raised their price target on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Barclays upped their price objective on NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $114.57.

NetEase Trading Up 2.0 %

NASDAQ:NTES traded up $2.03 during mid-day trading on Thursday, hitting $105.74. The company had a trading volume of 349,683 shares, compared to its average volume of 1,523,855. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $110.15. The business has a fifty day simple moving average of $100.36 and a 200-day simple moving average of $94.27. The firm has a market capitalization of $67.90 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 3.37 and a beta of 0.65.

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

NetEase Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase's dividend payout ratio (DPR) is presently 76.45%.

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.