Greenwoods Asset Management Hong Kong Ltd. boosted its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 10.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,632,870 shares of the technology company's stock after purchasing an additional 354,273 shares during the period. NetEase makes up 10.3% of Greenwoods Asset Management Hong Kong Ltd.'s investment portfolio, making the stock its 3rd largest holding. Greenwoods Asset Management Hong Kong Ltd. owned about 0.57% of NetEase worth $324,088,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. increased its holdings in shares of NetEase by 94.9% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 5,296 shares of the technology company's stock valued at $472,000 after purchasing an additional 2,579 shares during the period. Raymond James Financial Inc. purchased a new position in NetEase in the 4th quarter valued at $2,192,000. Assetmark Inc. increased its stake in NetEase by 2.8% in the 4th quarter. Assetmark Inc. now owns 39,555 shares of the technology company's stock valued at $3,529,000 after buying an additional 1,086 shares during the period. Live Oak Investment Partners purchased a new position in NetEase during the 4th quarter worth $62,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of NetEase in the 4th quarter worth $110,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on NTES shares. Benchmark boosted their price target on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. StockNews.com downgraded NetEase from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th. Morgan Stanley raised their price target on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Bank of America upped their price target 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, Citigroup raised their price objective on shares of NetEase from $108.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $114.57.
Check Out Our Latest Stock Analysis on NetEase
NetEase Stock Performance
NASDAQ:NTES traded up $2.02 during mid-day trading on Tuesday, hitting $104.42. 1,773,841 shares of the company's stock traded hands, compared to its average volume of 1,548,776. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $111.12. The company has a market cap of $67.05 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. The firm's 50 day simple moving average is $99.68 and its 200 day simple moving average is $90.65.
NetEase (NASDAQ:NTES - Get Free Report) last announced its 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 during the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. On average, research analysts expect that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.
NetEase Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, March 6th. NetEase's dividend payout ratio (DPR) is 76.45%.
About NetEase
(
Free Report)
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.
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