Taikang Asset Management Hong Kong Co Ltd cut its stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 23.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,800 shares of the technology company's stock after selling 6,200 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd's holdings in NetEase were worth $1,766,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NetEase by 13,747.9% in 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 worth $585,227,000 after buying an additional 6,213,248 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. raised its holdings in 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 worth $324,088,000 after acquiring an additional 354,273 shares during the last quarter. Hhlr Advisors LTD. lifted its position 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 in the last quarter. Fisher Asset Management LLC boosted its stake in NetEase by 7.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company's stock valued at $107,130,000 after purchasing an additional 82,474 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of NetEase by 1.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company's stock worth $95,400,000 after purchasing an additional 10,920 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company's stock.
NetEase Trading Down 1.1 %
NetEase stock traded down $1.09 during mid-day trading on Friday, hitting $100.67. The stock had a trading volume of 361,036 shares, compared to its average volume of 1,585,883. NetEase, Inc. has a one year low of $75.85 and a one year high of $110.15. The firm has a market capitalization of $64.64 billion, a P/E ratio of 15.79, a P/E/G ratio of 3.37 and a beta of 0.61. The firm's 50 day moving average is $102.03 and its 200 day moving average is $92.42.
NetEase (NASDAQ:NTES - Get Free Report) last released its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $27.16 billion. As a group, equities research analysts forecast that NetEase, Inc. will post 6.91 earnings per share for the current year.
NetEase Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase's dividend payout ratio (DPR) is presently 76.45%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. StockNews.com downgraded NetEase from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th. 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 research note on Wednesday, January 15th. Benchmark upped their target price on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Morgan Stanley lifted their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $114.57.
Get Our Latest Stock Analysis on NetEase
About NetEase
(
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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