Neuberger Berman Group LLC Buys 7,978 Shares of NetEase, Inc. (NASDAQ:NTES)

Neuberger Berman Group LLC lifted its stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,425 shares of the technology company's stock after acquiring an additional 7,978 shares during the quarter. Neuberger Berman Group LLC's holdings in NetEase were worth $11,457,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. WT Asset Management Ltd acquired a new stake in shares of NetEase in the fourth quarter worth about $2,624,000. SG Americas Securities LLC acquired a new stake in shares of NetEase in the fourth quarter valued at approximately $654,000. APEIRON CAPITAL Ltd lifted its position in NetEase by 20.5% during the 4th quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company's stock valued at $11,537,000 after purchasing an additional 22,000 shares during the period. SVB Wealth LLC acquired a new position in shares of NetEase during the 4th quarter worth about $3,817,000. Finally, Greenwoods Asset Management Hong Kong Ltd. grew its stake in NetEase by 10.8% in 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. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Trading Up 0.3 %

NASDAQ NTES traded up $0.33 on Wednesday, hitting $98.36. The company's stock had a trading volume of 369,457 shares, compared to its average volume of 1,605,358. The company's 50-day simple moving average is $100.99 and its 200 day simple moving average is $94.22. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $110.15. The firm has a market cap of $63.16 billion, a P/E ratio of 15.44, 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 EPS 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 business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. On average, research analysts forecast that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The firm 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. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Thursday, March 6th. NetEase's dividend payout ratio (DPR) is presently 76.45%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NTES shares. Morgan Stanley raised their price objective 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 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 boosted their target price on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Finally, Bank of America increased their price target on NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a report 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. According to data from MarketBeat, the company has an average 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.