Mawer Investment Management Ltd. acquired a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 701,642 shares of the technology company's stock, valued at approximately $62,593,000. Mawer Investment Management Ltd. owned about 0.11% of NetEase at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in NTES. Hhlr Advisors LTD. raised its holdings 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. Davis Selected Advisers bought a new stake in NetEase in the 4th quarter worth about $53,287,000. Temasek Holdings Private Ltd purchased a new stake in NetEase in the 3rd quarter valued at about $51,498,000. Greenwoods Asset Management Hong Kong Ltd. lifted 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 worth $324,088,000 after buying an additional 354,273 shares in the last quarter. Finally, FengHe Fund Management Pte. Ltd. purchased a new position in shares of NetEase in the 4th quarter worth approximately $30,563,000. Institutional investors own 11.07% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Benchmark lifted their price target on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Bank of America lifted 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 increased their price target on shares of NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Morgan Stanley boosted their target price on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, StockNews.com lowered shares of NetEase from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, NetEase currently has an average rating of "Moderate Buy" and an average target price of $114.57.
Read Our Latest Research Report on NTES
NetEase Trading Down 1.1 %
Shares of NASDAQ NTES traded down $1.12 during midday trading on Thursday, hitting $105.28. The company's stock had a trading volume of 571,191 shares, compared to its average volume of 1,568,959. The firm has a market capitalization of $67.61 billion, a price-to-earnings ratio of 16.53, a P/E/G 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, Inc. has a one year low of $75.85 and a one year high of $110.15.
NetEase (NASDAQ:NTES - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $27.16 billion. On average, equities research analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.
NetEase Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Thursday, March 6th. NetEase's payout ratio is presently 76.45%.
About NetEase
(
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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