NetEase, Inc. (NASDAQ:NTES) Shares Sold by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD lessened its holdings in NetEase, Inc. (NASDAQ:NTES - Free Report) by 85.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,300 shares of the technology company's stock after selling 54,514 shares during the quarter. Polymer Capital Management HK LTD's holdings in NetEase were worth $830,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Greenwoods Asset Management Hong Kong Ltd. boosted its holdings in shares of 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 valued at $324,088,000 after buying an additional 354,273 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in NetEase by 2.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,016,465 shares of the technology company's stock worth $179,889,000 after acquiring an additional 54,899 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in NetEase by 6.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,766,327 shares of the technology company's stock valued at $157,574,000 after acquiring an additional 100,922 shares during the period. Wellington Management Group LLP grew its holdings 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 valued at $95,400,000 after purchasing an additional 10,920 shares during the last quarter. Finally, Mawer Investment Management Ltd. acquired a new stake in shares of NetEase during the 4th quarter worth approximately $62,593,000. Institutional investors own 11.07% of the company's stock.

Analyst Ratings Changes

NTES has been the subject of a number of recent research reports. Barclays upped their price objective on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Bank of America increased their price objective on shares of NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Morgan Stanley upped their target price on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Finally, Benchmark boosted their price objective on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $114.57.

NetEase Price Performance

Shares of NASDAQ NTES traded up $5.05 during mid-day trading on Friday, reaching $99.35. 2,375,961 shares of the company traded hands, compared to its average volume of 1,618,178. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $110.15. The firm has a market cap of $63.80 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65. The stock has a fifty day simple moving average of $101.13 and a 200-day simple moving average of $94.13.

NetEase (NASDAQ:NTES - Get Free Report) last posted its quarterly earnings data 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 return on equity of 22.12% and a net margin of 28.17%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. As a group, analysts predict that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Dividend Announcement

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

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.