HighTower Advisors LLC Purchases 4,402 Shares of NetEase, Inc. (NASDAQ:NTES)

HighTower Advisors LLC grew its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 112.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,330 shares of the technology company's stock after purchasing an additional 4,402 shares during the quarter. HighTower Advisors LLC's holdings in NetEase were worth $743,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of NetEase by 13,747.9% in 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 worth $585,227,000 after buying an additional 6,213,248 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. grew its holdings in shares of NetEase by 10.8% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company's stock worth $324,088,000 after purchasing an additional 354,273 shares during 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 worth $242,092,000 after buying an additional 1,203,129 shares in the last quarter. Wellington Management Group LLP raised its position in NetEase by 1.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company's stock valued at $95,400,000 after purchasing an additional 10,920 shares during the last quarter. Finally, Davis Selected Advisers acquired a new position in NetEase during the 4th quarter worth about $53,287,000. 11.07% of the stock is owned by institutional investors and hedge funds.

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NetEase Stock Performance

NetEase stock traded up $0.05 during mid-day trading on Wednesday, hitting $106.40. 646,431 shares of the company traded hands, compared to its average volume of 1,572,841. NetEase, Inc. has a one year low of $75.85 and a one year high of $110.15. The stock has a market cap of $68.33 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. The stock has a fifty day moving average price of $102.36 and a 200-day moving average price of $93.27.

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

NetEase Dividend Announcement

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 was Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.64%. NetEase's dividend payout ratio (DPR) is presently 76.45%.

Wall Street Analysts Forecast Growth

NTES has been the topic of a number of analyst reports. Bank of America increased their price target on NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. StockNews.com downgraded shares of NetEase from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 6th. Morgan Stanley boosted their target price on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Barclays lifted their target price on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Finally, Benchmark increased their price target on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, NetEase presently has an average rating of "Moderate Buy" and a consensus price target of $114.57.

NetEase 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.