Keystone Investors PTE Ltd. acquired a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 46,674 shares of the technology company's stock, valued at approximately $4,164,000.
Other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of 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 worth $585,227,000 after buying an additional 6,213,248 shares during the period. Greenwoods Asset Management Hong Kong Ltd. lifted its position in NetEase by 10.8% during 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 acquiring an additional 354,273 shares during the last quarter. Hhlr Advisors LTD. grew its position in shares of NetEase by 86.8% in the third quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company's stock valued at $242,092,000 after purchasing an additional 1,203,129 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of NetEase by 7.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company's stock worth $107,130,000 after purchasing an additional 82,474 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings 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 buying an additional 10,920 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on NTES. 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 company an "equal weight" rating in a research note on Monday, February 24th. Morgan Stanley lifted their price target on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. StockNews.com cut shares of NetEase from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th. Finally, Benchmark lifted their target price on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.57.
Check Out Our Latest Stock Report on NTES
NetEase Stock Performance
Shares of NASDAQ NTES traded down $1.03 during trading on Friday, reaching $100.72. The company had a trading volume of 743,353 shares, compared to its average volume of 1,586,748. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $110.15. The business's 50 day moving average price is $102.05 and its 200-day moving average price is $92.69. The stock has a market cap of $64.68 billion, a PE ratio of 15.81, a PEG ratio of 3.37 and a beta of 0.61.
NetEase (NASDAQ:NTES - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. Equities analysts anticipate that NetEase, Inc. will post 6.91 earnings per share 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 $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Thursday, March 6th. NetEase's dividend payout ratio (DPR) is presently 76.45%.
NetEase Company Profile
(
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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