National Bank of Canada FI Makes New $49.71 Million Investment in NetEase, Inc. (NASDAQ:NTES)

National Bank of Canada FI purchased a new stake in NetEase, Inc. (NASDAQ:NTES - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 557,226 shares of the technology company's stock, valued at approximately $49,710,000. National Bank of Canada FI owned 0.09% of NetEase at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Greenwoods Asset Management Hong Kong Ltd. increased its position in shares of NetEase by 10.8% during the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of NetEase by 2.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,016,465 shares of the technology company's stock worth $179,889,000 after acquiring an additional 54,899 shares during the period. Wellington Management Group LLP increased its holdings in shares of NetEase by 1.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company's stock worth $95,400,000 after acquiring an additional 10,920 shares during the last quarter. Mawer Investment Management Ltd. bought a new stake in NetEase in the 4th quarter valued at $62,593,000. Finally, Davis Selected Advisers bought a new position in NetEase during the fourth quarter worth $53,287,000. Institutional investors own 11.07% of the company's stock.

NetEase Stock Down 5.8 %

NTES traded down $6.08 on Friday, hitting $98.86. The company's stock had a trading volume of 3,078,182 shares, compared to its average volume of 1,582,894. The firm has a market cap of $63.48 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $110.15. The company's 50 day simple moving average is $102.39 and its 200-day simple moving average is $93.62.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.14. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. Equities analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.435 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.76%. NetEase's dividend payout ratio (DPR) is currently 76.45%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley raised 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. Benchmark raised their target price on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Barclays upped their price objective on shares of NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Finally, Bank of America boosted their price target on NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus 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.