Capital World Investors Raises Stake in NetEase, Inc. (NASDAQ:NTES)

Capital World Investors boosted its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 40.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,725,046 shares of the technology company's stock after acquiring an additional 1,074,818 shares during the quarter. Capital World Investors owned 0.58% of NetEase worth $332,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. UMB Bank n.a. raised its stake in NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after acquiring an additional 111 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of NetEase by 1.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,190 shares of the technology company's stock worth $641,000 after purchasing an additional 114 shares during the last quarter. Brighton Jones LLC boosted its position in NetEase by 1.1% in the fourth quarter. Brighton Jones LLC now owns 10,297 shares of the technology company's stock valued at $919,000 after buying an additional 117 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in NetEase by 81.7% in the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after buying an additional 152 shares during the period. Finally, State Street Corp increased its holdings in NetEase by 0.3% in the 3rd quarter. State Street Corp now owns 56,729 shares of the technology company's stock worth $5,305,000 after buying an additional 156 shares during the period. 11.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NTES has been the subject of several recent research reports. Bank of America raised their target price on shares of NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Benchmark boosted their price objective on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, February 21st. Barclays raised their target price on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Finally, Morgan Stanley upped their price objective on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $112.67.

NetEase Price Performance

NASDAQ NTES traded down $0.05 on Friday, hitting $105.86. The company had a trading volume of 712,802 shares, compared to its average volume of 1,543,313. The company's fifty day moving average price is $100.40 and its 200-day moving average price is $94.32. The company has a market capitalization of $67.98 billion, a PE ratio of 16.62, a PEG 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.

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, 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 firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. On average, sell-side analysts anticipate that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders 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 dividend yield of 1.64%. The ex-dividend date was Thursday, March 6th. NetEase's payout ratio is 76.45%.

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.