NetEase, Inc. (NASDAQ:NTES) is Genesis Investment Management LLP's 4th Largest Position

Genesis Investment Management LLP cut its holdings in NetEase, Inc. (NASDAQ:NTES - Free Report) by 76.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,209 shares of the technology company's stock after selling 277,794 shares during the period. NetEase accounts for 8.4% of Genesis Investment Management LLP's holdings, making the stock its 4th biggest holding. Genesis Investment Management LLP's holdings in NetEase were worth $7,691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NetEase by 13,747.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company's stock valued at $585,227,000 after purchasing an additional 6,213,248 shares during the period. Hhlr Advisors LTD. raised its holdings in NetEase by 86.8% during the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company's stock valued at $242,092,000 after buying an additional 1,203,129 shares during the period. Point72 Hong Kong Ltd lifted its position in NetEase by 109.0% in the second quarter. Point72 Hong Kong Ltd now owns 1,213,323 shares of the technology company's stock worth $115,969,000 after buying an additional 632,896 shares during the last quarter. Fisher Asset Management LLC boosted its stake in NetEase by 7.8% during the third quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company's stock worth $107,130,000 after buying an additional 82,474 shares during the period. Finally, Wellington Management Group LLP boosted its stake in NetEase by 1.1% during the third quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company's stock worth $95,400,000 after buying an additional 10,920 shares during the period. 11.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. StockNews.com downgraded shares of NetEase from a "strong-buy" rating to a "buy" rating in a report on Friday, December 6th. Morgan Stanley upgraded NetEase from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $90.00 to $108.00 in a research note on Wednesday, January 8th. Citigroup upped their price target on shares of NetEase from $108.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Benchmark reduced their price target on shares of NetEase from $120.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Finally, Bank of America lifted their target price on NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $108.71.

NetEase Stock Up 1.0 %

Shares of NetEase stock traded up $0.95 on Tuesday, reaching $100.71. The stock had a trading volume of 1,808,788 shares, compared to its average volume of 1,613,740. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $114.50. The company has a 50 day moving average price of $90.87 and a 200 day moving average price of $87.87. The stock has a market capitalization of $64.67 billion, a P/E ratio of 17.01, a P/E/G ratio of 3.32 and a beta of 0.57.

NetEase Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.74 annualized dividend and a dividend yield of 1.73%. NetEase's dividend payout ratio is presently 29.22%.

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.