Invesco Ltd. boosted its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 88.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,365,464 shares of the technology company's stock after acquiring an additional 1,107,363 shares during the period. Invesco Ltd. owned about 0.37% of NetEase worth $211,023,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Mawer Investment Management Ltd. acquired a new position in shares of NetEase in the 4th quarter valued at $62,593,000. Davis Selected Advisers purchased a new position in shares of NetEase in the 4th quarter worth $53,287,000. National Bank of Canada FI acquired a new position in NetEase in the fourth quarter valued at $49,710,000. Greenwoods Asset Management Hong Kong Ltd. grew its position in 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 valued at $324,088,000 after acquiring an additional 354,273 shares during the period. Finally, FengHe Fund Management Pte. Ltd. acquired a new stake in NetEase during the fourth quarter worth about $30,563,000. 11.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Barclays lifted their price objective on NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Benchmark increased 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. Bank of America upped their price target on shares of NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Finally, Morgan Stanley raised their price objective on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $114.57.
Check Out Our Latest Stock Report on NTES
NetEase Stock Down 1.3 %
Shares of NTES traded down $1.29 during trading on Tuesday, reaching $98.03. The company's stock had a trading volume of 874,007 shares, compared to its average volume of 1,610,352. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $110.15. The company has a market cap of $62.95 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 3.37 and a beta of 0.65. The company has a fifty day moving average of $101.09 and a two-hundred day moving average of $94.19.
NetEase (NASDAQ:NTES - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.14. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. As a group, equities analysts forecast that NetEase, Inc. will post 6.91 EPS for the current fiscal year.
NetEase Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.77%. The ex-dividend date was Thursday, March 6th. NetEase's dividend payout ratio is currently 76.45%.
NetEase Company Profile
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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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