NetEase, Inc. (NASDAQ:NTES) Shares Sold by Capital International Inc. CA

Capital International Inc. CA trimmed its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 473,964 shares of the technology company's stock after selling 18,259 shares during the quarter. Capital International Inc. CA owned 0.07% of NetEase worth $42,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted 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 buying an additional 152 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of NetEase in the 4th quarter worth approximately $34,000. UMB Bank n.a. grew its holdings in shares of 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 period. Live Oak Investment Partners purchased a new position in NetEase in the 4th quarter valued at approximately $62,000. Finally, Avior Wealth Management LLC raised its holdings in NetEase by 148.9% during the fourth quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock worth $89,000 after purchasing an additional 594 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors and hedge funds.

NetEase Price Performance

NTES stock traded up $0.91 during midday trading on Monday, hitting $99.64. The stock had a trading volume of 926,151 shares, compared to its average volume of 1,603,107. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $110.15. The firm has a market cap of $63.98 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65. The company's 50-day moving average price is $100.41 and its 200 day moving average price is $94.15.

NetEase (NASDAQ:NTES - Get Free Report) last released 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 firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $27.16 billion. As a group, sell-side analysts anticipate that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.435 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.75%. NetEase's payout ratio is 76.45%.

Wall Street Analyst Weigh In

NTES has been the topic of several research reports. 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. Benchmark lifted their target price 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. Barclays increased their price target 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, Bank of America raised their price objective on shares of NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, NetEase has a consensus rating of "Moderate Buy" and a consensus price target of $114.57.

NetEase Company 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.