BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 274.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 165,521 shares of the technology company's stock after purchasing an additional 121,318 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in NetEase were worth $14,766,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. UMB Bank n.a. boosted its position in shares of NetEase by 33.3% in the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after buying an additional 111 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in NetEase by 1.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,190 shares of the technology company's stock worth $641,000 after acquiring an additional 114 shares during the period. Brighton Jones LLC grew 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 acquiring an additional 117 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after purchasing an additional 152 shares during the period. Finally, State Street Corp lifted its position in shares of NetEase by 0.3% during the third quarter. State Street Corp now owns 56,729 shares of the technology company's stock worth $5,305,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company's stock.
Analysts Set New Price Targets
NTES has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Barclays lifted their target price on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Bank of America increased their price target on NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, Benchmark lifted their price objective on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $114.57.
View Our Latest Stock Report on NTES
NetEase Trading Up 1.4 %
Shares of NASDAQ NTES opened at $98.73 on Friday. The business has a 50 day simple moving average of $100.60 and a 200-day simple moving average of $94.22. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $110.15. The company has a market capitalization of $63.40 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65.
NetEase (NASDAQ:NTES - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping 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 company had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $27.16 billion. As a group, equities analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current year.
NetEase Dividend Announcement
The business also recently announced 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 was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.76%. NetEase's payout ratio is currently 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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