Oaktree Capital Management LP Purchases 167,100 Shares of NetEase, Inc. (NASDAQ:NTES)

Oaktree Capital Management LP boosted its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 71.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 399,694 shares of the technology company's stock after buying an additional 167,100 shares during the period. Oaktree Capital Management LP owned approximately 0.06% of NetEase worth $35,657,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Greenwoods Asset Management Hong Kong Ltd. raised its holdings in shares of 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 purchasing an additional 354,273 shares during the last quarter. Hhlr Advisors LTD. boosted its stake in NetEase by 86.8% in the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company's stock worth $242,092,000 after purchasing an additional 1,203,129 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of NetEase by 2.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,016,465 shares of the technology company's stock valued at $179,889,000 after buying an additional 54,899 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of NetEase by 1.1% during the third quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company's stock worth $95,400,000 after acquiring an additional 10,920 shares during the last quarter. Finally, Davis Selected Advisers purchased a new position in NetEase in the fourth quarter worth about $53,287,000. 11.07% of the stock is owned by institutional investors.

Remove Ads

NetEase Stock Performance

NetEase stock traded down $1.07 during midday trading on Thursday, hitting $105.33. 552,444 shares of the company's stock were exchanged, compared to its average volume of 1,345,088. The company has a market cap of $67.64 billion, a PE ratio of 16.54, a P/E/G ratio of 3.37 and a beta of 0.61. The firm has a 50-day moving average of $102.36 and a two-hundred day moving average of $93.27. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $110.15.

NetEase (NASDAQ:NTES - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share (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 expect that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.435 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.65%. NetEase's dividend payout ratio is presently 76.45%.

Analyst Ratings Changes

A number of brokerages have recently commented on NTES. StockNews.com cut NetEase from a "strong-buy" rating to a "buy" rating in a report on Friday, December 6th. Bank of America boosted their price objective on shares of NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Benchmark raised their target price on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Morgan Stanley upped 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. Finally, Barclays raised their price objective on shares of NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock 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.