Dodge & Cox Boosts Position in NetEase, Inc. (NASDAQ:NTES)

Dodge & Cox raised its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,649,876 shares of the technology company's stock after buying an additional 15,900 shares during the period. Dodge & Cox owned 0.41% of NetEase worth $236,395,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after buying an additional 152 shares during the period. Brooklyn Investment Group bought a new position in shares of NetEase during the 4th quarter valued at approximately $34,000. UMB Bank n.a. increased its stake in shares of NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after purchasing an additional 111 shares during the last quarter. Live Oak Investment Partners purchased a new position in NetEase in the fourth quarter valued at approximately $62,000. Finally, Avior Wealth Management LLC grew its holdings in NetEase by 148.9% during the fourth quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock valued at $89,000 after purchasing an additional 594 shares during the period. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Benchmark boosted their target price on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Barclays upped their price objective on shares of NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Bank of America lifted their target price on shares of NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Finally, Morgan Stanley upped their price target on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $114.57.

NetEase Trading Up 1.4 %

Shares of NetEase stock traded up $1.32 during trading on Friday, hitting $98.73. The stock had a trading volume of 1,353,037 shares, compared to its average volume of 1,606,011. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $110.15. The firm has a market cap of $63.40 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 3.37 and a beta of 0.65. The business's 50-day moving average is $100.60 and its 200 day moving average is $94.29.

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 for the quarter, beating the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. As a group, equities analysts expect that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Thursday, March 6th. NetEase's payout ratio is 76.45%.

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.