Quantbot Technologies LP bought a new stake in NetEase, Inc. (NASDAQ:NTES - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,870 shares of the technology company's stock, valued at approximately $613,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of NetEase by 13,747.9% during the third 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 valued at $585,227,000 after acquiring an additional 6,213,248 shares during the period. Hhlr Advisors LTD. raised 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 valued at $242,092,000 after acquiring an additional 1,203,129 shares during the period. Davis Selected Advisers bought a new position in NetEase during the 4th quarter worth $53,287,000. Temasek Holdings Private Ltd bought a new stake in shares of NetEase during the 3rd quarter valued at $51,498,000. Finally, Greenwoods Asset Management Hong Kong Ltd. boosted its position in shares of NetEase by 10.8% during 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 acquiring an additional 354,273 shares in the last quarter. Institutional investors own 11.07% of the company's stock.
NetEase Price Performance
Shares of NASDAQ NTES traded down $1.03 during midday trading on Friday, reaching $100.72. The company's stock had a trading volume of 743,353 shares, compared to its average volume of 1,586,748. The stock has a market capitalization of $64.68 billion, a P/E ratio of 15.81, a PEG ratio of 3.37 and a beta of 0.61. The firm has a 50 day moving average price of $102.05 and a 200-day moving average price of $92.69. 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 posted its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.14. The business had revenue of $3.66 billion during 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%. On average, equities analysts predict that NetEase, Inc. will post 6.91 EPS for the current year.
NetEase Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.435 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.73%. NetEase's payout ratio is 76.45%.
Analysts Set New Price Targets
NTES has been the subject of a number of research reports. StockNews.com cut NetEase from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th. Bank of America raised their target price on NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Barclays increased their price target on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Morgan Stanley upped their price target on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, Benchmark upped their price objective on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.57.
Check Out Our Latest Research Report on NTES
NetEase Company Profile
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Free Report)
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.
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