Handelsbanken Fonder AB Sells 23,000 Shares of NetEase, Inc. (NASDAQ:NTES)

Handelsbanken Fonder AB decreased its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 444,220 shares of the technology company's stock after selling 23,000 shares during the period. Handelsbanken Fonder AB owned about 0.07% of NetEase worth $39,629,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NTES. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NetEase by 13,747.9% during the 3rd 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 buying an additional 6,213,248 shares in the last quarter. Hhlr Advisors LTD. increased its holdings in shares of NetEase by 86.8% during the third quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company's stock valued at $242,092,000 after acquiring an additional 1,203,129 shares in the last quarter. Temasek Holdings Private Ltd bought a new position in NetEase in the 3rd quarter worth about $51,498,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in NetEase by 472.6% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,000 shares of the technology company's stock worth $39,087,000 after purchasing an additional 345,000 shares in the last quarter. Finally, FengHe Fund Management Pte. Ltd. bought a new stake in NetEase during the 4th quarter valued at about $30,563,000. Institutional investors own 11.07% of the company's stock.

NetEase Price Performance

Shares of NASDAQ:NTES traded down $4.71 during midday trading on Monday, hitting $98.51. The company had a trading volume of 1,520,397 shares, compared to its average volume of 1,368,978. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $114.50. The company has a fifty day moving average of $97.77 and a two-hundred day moving average of $89.78. The company has a market cap of $63.26 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 3.37 and a beta of 0.58.

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

NetEase Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Thursday, March 6th will be paid a $0.435 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.77%. NetEase's dividend payout ratio (DPR) is presently 76.61%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NTES shares. Barclays upped their target price on shares of NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday. Bank of America lifted their target price on NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Benchmark increased their price objective on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Friday. StockNews.com cut shares of NetEase from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th. Finally, Citigroup boosted their price objective on shares of NetEase from $108.00 to $115.00 and gave the company a "buy" rating in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $114.57.

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.