Y Intercept Hong Kong Ltd Purchases New Holdings in NetEase, Inc. (NASDAQ:NTES)

Y Intercept Hong Kong Ltd bought a new position in NetEase, Inc. (NASDAQ:NTES - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 10,919 shares of the technology company's stock, valued at approximately $974,000.

Several other institutional investors and hedge funds also recently bought and sold shares of NTES. Assetmark Inc. increased its position in NetEase by 27.3% in the third quarter. Assetmark Inc. now owns 38,469 shares of the technology company's stock worth $3,597,000 after buying an additional 8,248 shares in the last quarter. WT Asset Management Ltd purchased a new stake in NetEase in the 4th quarter worth approximately $2,624,000. SG Americas Securities LLC bought a new stake in NetEase during the 4th quarter worth approximately $654,000. State of New Jersey Common Pension Fund D lifted its holdings in NetEase by 87.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 75,282 shares of the technology company's stock valued at $7,040,000 after purchasing an additional 35,031 shares in the last quarter. Finally, APEIRON CAPITAL Ltd boosted its position in shares of NetEase by 20.5% in the fourth quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company's stock worth $11,537,000 after purchasing an additional 22,000 shares during the period. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NTES. StockNews.com downgraded shares of NetEase from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 6th. Citigroup raised their price target on NetEase from $108.00 to $115.00 and gave the company a "buy" rating in a report on Friday, November 15th. Benchmark upped their price objective 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 lifted their target price on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Barclays upped their price target on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, NetEase presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.57.

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NetEase Trading Down 3.1 %

Shares of NASDAQ:NTES traded down $3.07 during mid-day trading on Monday, reaching $96.65. The stock had a trading volume of 1,155,507 shares, compared to its average volume of 1,374,316. The business's 50 day moving average price is $98.52 and its 200 day moving average price is $90.16. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $111.93. The company has a market cap of $62.07 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58.

NetEase (NASDAQ:NTES - Get Free Report) last posted its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.14. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. Analysts predict that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Announces Dividend

The business also recently disclosed 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. This represents a $1.74 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Thursday, March 6th. NetEase's payout ratio is 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.