Massachusetts Financial Services Co. MA Increases Stake in NetEase, Inc. (NASDAQ:NTES)

Massachusetts Financial Services Co. MA increased its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,766,327 shares of the technology company's stock after acquiring an additional 100,922 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.28% of NetEase worth $157,574,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. WT Asset Management Ltd bought a new stake in NetEase in the 4th quarter valued at $2,624,000. SG Americas Securities LLC bought a new stake in shares of NetEase in the 4th quarter worth about $654,000. APEIRON CAPITAL Ltd grew its position in NetEase by 20.5% in the fourth quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company's stock worth $11,537,000 after acquiring an additional 22,000 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of NetEase in the 4th quarter worth approximately $3,817,000. Finally, Greenwoods Asset Management Hong Kong Ltd. increased its position in shares of 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 valued at $324,088,000 after purchasing an additional 354,273 shares during the last quarter. Hedge funds and other institutional investors own 11.07% of the company's stock.

NetEase Trading Up 0.2 %

Shares of NASDAQ:NTES traded up $0.15 on Thursday, reaching $93.91. The company had a trading volume of 608,423 shares, compared to its average volume of 1,608,248. The firm has a market capitalization of $60.31 billion, a PE ratio of 14.71, a PEG ratio of 3.37 and a beta of 0.65. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $110.15. The firm's 50 day simple moving average is $101.36 and its 200-day simple moving average is $93.99.

NetEase (NASDAQ:NTES - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $3.66 billion for 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%. As a group, equities research analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.435 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.85%. NetEase's dividend payout ratio (DPR) is presently 76.45%.

Analysts Set New Price Targets

NTES has been the topic of a number of analyst reports. Benchmark boosted their price objective on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Bank of America increased their target price on NetEase from $120.00 to $122.00 and gave the stock 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. Finally, Morgan Stanley upped their target price on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $114.57.

NetEase Company 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.