Teachers Retirement System of The State of Kentucky Raises Stake in NetEase, Inc. (NASDAQ:NTES)

Teachers Retirement System of The State of Kentucky lifted its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,700 shares of the technology company's stock after acquiring an additional 13,000 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in NetEase were worth $17,369,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NTES. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of NetEase by 274.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 165,521 shares of the technology company's stock valued at $14,766,000 after acquiring an additional 121,318 shares during the last quarter. Capital World Investors boosted its stake in shares of NetEase by 40.6% during the 4th quarter. Capital World Investors now owns 3,725,046 shares of the technology company's stock worth $332,311,000 after acquiring an additional 1,074,818 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of NetEase by 11.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 715,882 shares of the technology company's stock valued at $63,874,000 after acquiring an additional 73,349 shares during the period. First Trust Advisors LP increased its stake in shares of NetEase by 129.0% in the 4th quarter. First Trust Advisors LP now owns 5,821 shares of the technology company's stock worth $519,000 after purchasing an additional 3,279 shares in the last quarter. Finally, Capital International Investors lifted its position in NetEase by 0.3% during the fourth quarter. Capital International Investors now owns 1,080,437 shares of the technology company's stock valued at $96,402,000 after purchasing an additional 3,326 shares in the last quarter. 11.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on NTES. Morgan Stanley lifted their price objective on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. 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. Bank of America raised their price objective on shares of NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Finally, Benchmark upped their target price 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 equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $112.67.

NetEase Price Performance

Shares of NASDAQ:NTES traded down $0.05 during trading on Friday, hitting $105.86. The company had a trading volume of 712,804 shares, compared to its average volume of 1,619,660. The stock has a market cap of $67.98 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65. The company has a fifty day simple moving average of $100.40 and a two-hundred day simple moving average of $94.32. NetEase, Inc. has a one year low of $75.85 and a one year high of $110.15.

NetEase (NASDAQ:NTES - Get Free Report) last issued its quarterly earnings results 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. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. On average, equities research analysts anticipate that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Thursday, March 6th. NetEase's dividend payout ratio (DPR) is currently 76.45%.

NetEase Company 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.