NetEase, Inc. (NASDAQ:NTES) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. cut its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 38.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,000 shares of the technology company's stock after selling 24,800 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in NetEase were worth $3,479,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Greenwoods Asset Management Hong Kong Ltd. lifted its position in NetEase by 10.8% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company's stock worth $324,088,000 after buying an additional 354,273 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of NetEase by 2.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,016,465 shares of the technology company's stock valued at $179,889,000 after acquiring an additional 54,899 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of NetEase by 1.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company's stock worth $95,400,000 after acquiring an additional 10,920 shares during the period. Mawer Investment Management Ltd. acquired a new stake in shares of NetEase in the fourth quarter worth approximately $62,593,000. Finally, Davis Selected Advisers purchased a new stake in NetEase in the fourth quarter valued at approximately $53,287,000. Institutional investors and hedge funds own 11.07% of the company's stock.

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NetEase Stock Performance

Shares of NASDAQ:NTES traded down $6.08 during mid-day trading on Friday, hitting $98.86. 3,078,182 shares of the company traded hands, compared to its average volume of 1,582,894. The firm's 50 day simple moving average is $102.39 and its 200 day simple moving average is $93.62. The firm has a market cap of $63.48 billion, a P/E ratio of 15.52, a PEG ratio of 3.37 and a beta of 0.61. 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 posted its 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. The business had revenue of $3.66 billion for 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%. Equities research analysts expect that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.435 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.76%. NetEase's dividend payout ratio is presently 76.45%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. 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 note on Wednesday, February 12th. Bank of America increased 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. Barclays boosted their price target on NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Benchmark raised their price objective on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, StockNews.com cut NetEase from a "strong-buy" rating to a "buy" rating in a report on Friday, December 6th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, NetEase presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.57.

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.