XTX Topco Ltd Increases Position in NetEase, Inc. (NASDAQ:NTES)

XTX Topco Ltd increased its stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 320.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,315 shares of the technology company's stock after purchasing an additional 9,389 shares during the quarter. XTX Topco Ltd's holdings in NetEase were worth $1,099,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in shares of NetEase by 88.0% in the fourth quarter. Invesco Ltd. now owns 2,365,464 shares of the technology company's stock worth $211,023,000 after buying an additional 1,107,363 shares during the last quarter. FIL Ltd lifted its position in NetEase by 160.2% during the 4th quarter. FIL Ltd now owns 1,668,359 shares of the technology company's stock worth $148,834,000 after acquiring an additional 1,027,102 shares during the last quarter. Mawer Investment Management Ltd. bought a new stake in NetEase during the fourth quarter valued at about $62,593,000. Davis Selected Advisers acquired a new stake in shares of NetEase in the fourth quarter valued at about $53,287,000. Finally, National Bank of Canada FI bought a new stake in shares of NetEase in the fourth quarter valued at about $49,710,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Trading Up 1.4 %

Shares of NTES traded up $1.32 during trading hours on Friday, reaching $98.73. 1,353,037 shares of the stock traded hands, compared to its average volume of 1,606,011. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $110.15. The stock has a fifty day simple moving average of $100.60 and a 200 day simple moving average of $94.29. The company has a market cap of $63.40 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 3.37 and a beta of 0.65.

NetEase (NASDAQ:NTES - Get Free Report) last posted its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $27.16 billion. Analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Announces Dividend

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

Analysts Set New Price Targets

NTES has been the topic of a number of analyst reports. Bank of America upped their price target on NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Benchmark upped 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 upped their price objective on shares of NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Finally, 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 report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $114.57.

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.