Nan Fung Trinity HK Ltd. Trims Stock Position in NetEase, Inc. (NASDAQ:NTES)

Nan Fung Trinity HK Ltd. lowered its stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 61.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,300 shares of the technology company's stock after selling 155,800 shares during the period. NetEase accounts for approximately 1.8% of Nan Fung Trinity HK Ltd.'s portfolio, making the stock its 20th largest holding. Nan Fung Trinity HK Ltd.'s holdings in NetEase were worth $8,859,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Brooklyn Investment Group purchased a new position in NetEase during the fourth quarter valued at approximately $34,000. UMB Bank n.a. boosted its holdings in NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock valued at $40,000 after purchasing an additional 111 shares during the period. Highline Wealth Partners LLC purchased a new position in shares of NetEase during the 3rd quarter valued at $45,000. RPg Family Wealth Advisory LLC bought a new position in shares of NetEase in the third quarter worth $70,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of NetEase in the third quarter worth $76,000. 11.07% of the stock is owned by institutional investors.

NetEase Trading Up 1.7 %

Shares of NTES traded up $1.66 during mid-day trading on Wednesday, reaching $101.27. The company's stock had a trading volume of 1,382,842 shares, compared to its average volume of 1,391,779. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $114.50. The stock has a market cap of $65.03 billion, a PE ratio of 15.90, a P/E/G ratio of 3.37 and a beta of 0.58. The company's fifty day moving average price is $98.00 and its two-hundred day moving average price is $89.91.

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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 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 business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. Research analysts anticipate that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.72%. NetEase's payout ratio is 76.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Citigroup upped their target price on NetEase from $108.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Benchmark upped their price objective 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. Morgan Stanley raised 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. StockNews.com cut shares of NetEase from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th. Finally, Bank of America raised their price objective on shares of NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.