Todd Asset Management LLC Has $28.52 Million Stake in NetEase, Inc. (NASDAQ:NTES)

Todd Asset Management LLC boosted its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,654 shares of the technology company's stock after acquiring an additional 4,711 shares during the period. Todd Asset Management LLC's holdings in NetEase were worth $28,516,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NTES. Brooklyn Investment Group acquired a new position in shares of NetEase during the 4th quarter worth about $34,000. UMB Bank n.a. increased its position in NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after buying an additional 111 shares during the period. Highline Wealth Partners LLC bought a new position in NetEase in the 3rd quarter worth approximately $45,000. RPg Family Wealth Advisory LLC acquired a new position in shares of NetEase during the third quarter worth approximately $70,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of NetEase in the third quarter valued at approximately $76,000. 11.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on NTES shares. Bank of America upped their target price on shares of NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Morgan Stanley upped their price objective on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Citigroup lifted their target price on NetEase from $108.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. StockNews.com lowered NetEase from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th. Finally, Barclays raised their price objective on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $114.57.

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NetEase Stock Down 0.7 %

NTES traded down $0.73 during midday trading on Friday, reaching $99.72. 1,529,911 shares of the company's stock were exchanged, compared to its average volume of 1,385,705. The business has a 50-day simple moving average of $98.37 and a two-hundred day simple moving average of $90.07. The firm has a market capitalization of $64.04 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58. NetEase, Inc. has a one year low of $75.85 and a one year high of $113.50.

NetEase (NASDAQ:NTES - Get Free Report) last posted its earnings results on Thursday, February 20th. The technology company reported $1.87 EPS 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 return on equity of 22.12% and a net margin of 28.17%. As a group, research analysts anticipate that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.435 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.74%. NetEase's dividend payout ratio is presently 76.45%.

NetEase 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.