OPTIMAS CAPITAL Ltd Buys Shares of 65,301 NetEase, Inc. (NASDAQ:NTES)

OPTIMAS CAPITAL Ltd acquired a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 65,301 shares of the technology company's stock, valued at approximately $5,826,000. NetEase accounts for about 7.9% of OPTIMAS CAPITAL Ltd's portfolio, making the stock its 3rd largest holding.

A number of other hedge funds have also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NetEase by 13,747.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company's stock worth $585,227,000 after buying an additional 6,213,248 shares during the period. Hhlr Advisors LTD. boosted its holdings 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 buying an additional 1,203,129 shares during the period. Davis Selected Advisers purchased a new stake in NetEase in the 4th quarter worth $53,287,000. Temasek Holdings Private Ltd purchased a new stake in NetEase in the 3rd quarter worth $51,498,000. Finally, Greenwoods Asset Management Hong Kong Ltd. lifted its stake in NetEase by 10.8% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company's stock worth $324,088,000 after purchasing an additional 354,273 shares in the last quarter. Institutional investors own 11.07% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America boosted their price target 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. Morgan Stanley upped their target price on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Barclays upped their target price 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. Benchmark upped their target price on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, StockNews.com cut shares of NetEase from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $114.57.

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NetEase Stock Performance

Shares of NetEase stock traded down $2.92 on Friday, reaching $97.05. The company had a trading volume of 1,665,824 shares, compared to its average volume of 1,551,411. The firm's 50 day moving average price is $101.86 and its two-hundred day moving average price is $91.80. The firm has a market cap of $62.32 billion, a PE ratio of 15.24, a PEG ratio of 3.37 and a beta of 0.61. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $110.15.

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, 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 company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $27.16 billion. As a group, sell-side analysts predict that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.435 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.79%. NetEase's dividend payout ratio (DPR) is presently 76.45%.

NetEase 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.