Hosking Partners LLP Acquires 567 Shares of NetEase, Inc. (NTES)

Hosking Partners LLP increased its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,776 shares of the technology company’s stock after acquiring an additional 567 shares during the quarter. Hosking Partners LLP owned about 0.07% of NetEase worth $26,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in NetEase by 20.1% during the second quarter. Renaissance Technologies LLC now owns 2,726,000 shares of the technology company’s stock worth $819,517,000 after acquiring an additional 456,300 shares during the last quarter. Orbis Allan Gray Ltd boosted its position in NetEase by 17.9% during the second quarter. Orbis Allan Gray Ltd now owns 2,459,381 shares of the technology company’s stock worth $739,364,000 after acquiring an additional 372,510 shares during the last quarter. Comgest Global Investors S.A.S. boosted its position in NetEase by 2.6% during the third quarter. Comgest Global Investors S.A.S. now owns 2,265,783 shares of the technology company’s stock worth $597,737,000 after acquiring an additional 58,279 shares during the last quarter. FMR LLC boosted its position in NetEase by 63.3% during the second quarter. FMR LLC now owns 2,170,611 shares of the technology company’s stock worth $652,551,000 after acquiring an additional 841,692 shares during the last quarter. Finally, Boston Partners boosted its position in NetEase by 10.0% during the third quarter. Boston Partners now owns 1,331,472 shares of the technology company’s stock worth $351,256,000 after acquiring an additional 121,265 shares during the last quarter. Hedge funds and other institutional investors own 50.70% of the company’s stock.

NetEase, Inc. (NASDAQ:NTES) opened at $344.21 on Monday. The firm has a market cap of $45,470.48, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. NetEase, Inc. has a fifty-two week low of $211.11 and a fifty-two week high of $375.10.

NetEase declared that its Board of Directors has approved a stock repurchase program on Wednesday, November 15th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, December 1st will be issued a $0.717 dividend. The ex-dividend date is Thursday, November 30th. This represents a $2.87 annualized dividend and a dividend yield of 0.83%. NetEase’s dividend payout ratio is currently 20.11%.

A number of equities analysts recently weighed in on NTES shares. UBS AG lowered shares of NetEase from a “buy” rating to a “neutral” rating in a research report on Monday, October 30th. ValuEngine lowered shares of NetEase from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of NetEase from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Nomura upgraded shares of NetEase from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $297.00 to $428.00 in a research report on Friday, November 17th. Finally, Vetr lowered shares of NetEase from a “strong-buy” rating to a “buy” rating and set a $313.68 target price on the stock. in a report on Monday, November 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $326.79.

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About NetEase

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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