Qtron Investments LLC Has $974,000 Holdings in NetEase, Inc. (NASDAQ:NTES)

Qtron Investments LLC trimmed its stake in NetEase, Inc. (NASDAQ:NTES - Free Report) by 19.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,921 shares of the technology company's stock after selling 2,636 shares during the quarter. Qtron Investments LLC's holdings in NetEase were worth $974,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NTES. Neuberger Berman Group LLC raised its stake in NetEase by 6.6% during the 4th quarter. Neuberger Berman Group LLC now owns 128,425 shares of the technology company's stock valued at $11,457,000 after purchasing an additional 7,978 shares during the period. Raymond James Financial Inc. acquired a new position in NetEase during the fourth quarter valued at $2,192,000. Abacus FCF Advisors LLC purchased a new stake in NetEase in the 4th quarter worth about $1,259,000. Renaissance Technologies LLC grew its stake in NetEase by 4.1% during the 4th quarter. Renaissance Technologies LLC now owns 986,888 shares of the technology company's stock valued at $88,040,000 after acquiring an additional 38,788 shares in the last quarter. Finally, FIL Ltd increased its holdings in shares of NetEase by 160.2% in the 4th quarter. FIL Ltd now owns 1,668,359 shares of the technology company's stock valued at $148,834,000 after purchasing an additional 1,027,102 shares during the period. 11.07% of the stock is owned by institutional investors and hedge funds.

NetEase Trading Up 1.4 %

NetEase stock traded up $1.32 during trading hours on Friday, reaching $98.73. 1,353,037 shares of the company were exchanged, compared to its average volume of 1,607,987. 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 $63.40 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 3.37 and a beta of 0.65. The stock has a 50-day moving average of $100.73 and a 200 day moving average of $94.28.

NetEase (NASDAQ:NTES - Get Free Report) last posted its earnings results 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 business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. As a group, research analysts forecast that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.435 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.76%. NetEase's payout ratio is 76.45%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NTES. Morgan Stanley boosted their price objective 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. Benchmark lifted their price objective on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Bank of America raised their price target on NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Finally, Barclays lifted their target price on shares of NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $114.57.

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.