Russell Investments Group Ltd. Purchases 237,028 Shares of NetEase, Inc. (NASDAQ:NTES)

Russell Investments Group Ltd. raised its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 297.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 316,770 shares of the technology company's stock after acquiring an additional 237,028 shares during the period. Russell Investments Group Ltd.'s holdings in NetEase were worth $28,259,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of NTES. Mawer Investment Management Ltd. bought a new stake in shares of NetEase in the fourth quarter worth $62,593,000. Davis Selected Advisers acquired a new stake in NetEase in the 4th quarter valued at $53,287,000. National Bank of Canada FI acquired a new position in shares of NetEase during the 4th quarter worth about $49,710,000. Greenwoods Asset Management Hong Kong Ltd. grew 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 acquiring an additional 354,273 shares in the last quarter. Finally, FengHe Fund Management Pte. Ltd. acquired a new stake in shares of NetEase in the fourth quarter valued at about $30,563,000. Institutional investors and hedge funds own 11.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NTES shares. Morgan Stanley increased their price target on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Benchmark raised their target price on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Barclays upped their price target 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. Finally, Bank of America boosted their price objective 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, NetEase presently has a consensus rating of "Moderate Buy" and an average target price of $114.57.

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NetEase Price Performance

NTES traded up $0.25 during trading on Monday, hitting $99.60. The stock had a trading volume of 581,336 shares, compared to its average volume of 1,610,045. NetEase, Inc. has a one year low of $75.85 and a one year high of $110.15. The firm has a market cap of $63.96 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 3.37 and a beta of 0.65. The company has a 50 day moving average price of $101.13 and a 200-day moving average price of $94.15.

NetEase (NASDAQ:NTES - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping 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, sell-side analysts predict that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

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