Renaissance Technologies LLC grew its holdings in NetEase, Inc. (NASDAQ:NTES - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 986,888 shares of the technology company's stock after acquiring an additional 38,788 shares during the period. Renaissance Technologies LLC owned about 0.15% of NetEase worth $88,040,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of NTES. Greenwoods Asset Management Hong Kong Ltd. raised its holdings in 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 acquiring an additional 354,273 shares in the last quarter. Invesco Ltd. increased its position in shares of NetEase by 88.0% in the 4th quarter. Invesco Ltd. now owns 2,365,464 shares of the technology company's stock valued at $211,023,000 after purchasing an additional 1,107,363 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of NetEase by 2.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,016,465 shares of the technology company's stock worth $179,889,000 after purchasing an additional 54,899 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of NetEase by 6.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,766,327 shares of the technology company's stock worth $157,574,000 after purchasing an additional 100,922 shares in the last quarter. Finally, FIL Ltd grew its stake in shares of NetEase by 160.2% during the fourth quarter. FIL Ltd now owns 1,668,359 shares of the technology company's stock worth $148,834,000 after purchasing an additional 1,027,102 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company's stock.
NetEase Stock Down 0.5 %
NASDAQ:NTES traded down $0.46 during trading hours on Monday, reaching $98.89. 682,056 shares of the company's stock were exchanged, compared to its average volume of 1,610,386. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $110.15. The firm has a market capitalization of $63.50 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 3.37 and a beta of 0.65. The company has a 50-day moving average of $101.13 and a 200 day moving average of $94.15.
NetEase (NASDAQ:NTES - Get Free Report) last announced its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping the consensus estimate 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%. Research analysts forecast that NetEase, Inc. will post 6.91 EPS for the current fiscal year.
NetEase Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.435 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.76%. NetEase's dividend payout ratio (DPR) is currently 76.45%.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Bank of America lifted their price target on NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Benchmark boosted their target price on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Morgan Stanley increased their price target on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Barclays boosted their price objective on shares of NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $114.57.
Read Our Latest Analysis on NetEase
NetEase Company Profile
(
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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