Infini Capital Management Ltd Makes New $7.32 Million Investment in NetEase, Inc. (NASDAQ:NTES)

Infini Capital Management Ltd purchased a new stake in NetEase, Inc. (NASDAQ:NTES - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 82,000 shares of the technology company's stock, valued at approximately $7,315,000. NetEase makes up about 9.2% of Infini Capital Management Ltd's investment portfolio, making the stock its 5th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of NTES. Allspring Global Investments Holdings LLC bought a new stake in NetEase during the third quarter worth $76,000. Outlook Wealth Advisors LLC raised its holdings in shares of NetEase by 10.3% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 4,154 shares of the technology company's stock worth $388,000 after buying an additional 388 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in shares of NetEase during the 3rd quarter worth $297,000. Highline Wealth Partners LLC acquired a new stake in NetEase in the third quarter valued at about $45,000. Finally, Financial Advocates Investment Management grew its position in NetEase by 5.4% in the third quarter. Financial Advocates Investment Management now owns 4,647 shares of the technology company's stock valued at $435,000 after acquiring an additional 237 shares during the last quarter. Institutional investors own 11.07% of the company's stock.

NetEase Stock Performance

Shares of NTES stock traded up $1.66 on Wednesday, hitting $101.27. The company had a trading volume of 1,382,842 shares, compared to its average volume of 1,391,782. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $114.50. The firm has a market cap of $65.03 billion, a P/E ratio of 15.90, a P/E/G ratio of 3.37 and a beta of 0.58. The stock's 50-day moving average is $98.00 and its two-hundred day moving average is $89.91.

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NetEase (NASDAQ:NTES - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $27.16 billion. Equities research analysts predict that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Announces Dividend

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 given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, March 6th. NetEase's dividend payout ratio (DPR) is presently 76.61%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NTES. Citigroup increased their target price on shares of NetEase from $108.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Bank of America increased their price objective on shares of NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Barclays boosted 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. Benchmark increased their price target on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Morgan Stanley boosted their price objective on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently 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.