Capital International Investors Purchases 3,326 Shares of NetEase, Inc. (NASDAQ:NTES)

Capital International Investors boosted its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,080,437 shares of the technology company's stock after purchasing an additional 3,326 shares during the period. Capital International Investors owned approximately 0.17% of NetEase worth $96,402,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of NTES. Farther Finance Advisors LLC raised its holdings in NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after purchasing an additional 152 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of NetEase in the 4th quarter worth $34,000. UMB Bank n.a. lifted its holdings in shares of NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock valued at $40,000 after acquiring an additional 111 shares in the last quarter. Live Oak Investment Partners acquired a new position in shares of NetEase during the fourth quarter worth about $62,000. Finally, Avior Wealth Management LLC boosted its holdings in NetEase by 148.9% in the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock worth $89,000 after acquiring an additional 594 shares during the period. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NTES. Bank of America upped their price objective on NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Benchmark boosted their target price on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Morgan Stanley upped their target price on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Barclays increased their price objective on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $114.57.

NetEase Trading Up 2.1 %

NASDAQ NTES traded up $2.20 on Thursday, hitting $105.91. 2,663,509 shares of the company's stock were exchanged, compared to its average volume of 1,528,173. The stock has a 50-day moving average of $100.36 and a 200-day moving average of $94.27. The stock has a market cap of $68.01 billion, a price-to-earnings ratio of 16.63, a P/E/G 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.

NetEase (NASDAQ:NTES - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. As a group, analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase's dividend payout ratio is currently 76.45%.

About NetEase

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.