Y Intercept Hong Kong Ltd Buys Shares of 10,919 NetEase, Inc. (NASDAQ:NTES)

Y Intercept Hong Kong Ltd bought a new stake in shares of NetEase, Inc. (NASDAQ:NTES) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,919 shares of the technology company’s stock, valued at approximately $974,000.

Several other large investors have also recently bought and sold shares of NTES. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NetEase by 13,747.9% during the 3rd 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 valued at $585,227,000 after buying an additional 6,213,248 shares during the period. Hhlr Advisors LTD. grew its stake in shares of NetEase by 86.8% in the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock worth $242,092,000 after purchasing an additional 1,203,129 shares during the last quarter. Temasek Holdings Private Ltd acquired a new position in shares of NetEase in the 3rd quarter worth approximately $51,498,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of NetEase by 472.6% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,000 shares of the technology company’s stock worth $39,087,000 after purchasing an additional 345,000 shares during the last quarter. Finally, FengHe Fund Management Pte. Ltd. acquired a new position in shares of NetEase in the 4th quarter worth approximately $30,563,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Price Performance

Shares of NetEase stock opened at $100.45 on Friday. The firm has a market capitalization of $64.50 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58. The company’s fifty day moving average price is $98.37 and its two-hundred day moving average price is $90.07. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $113.77.

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

NetEase Announces Dividend

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 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 is Thursday, March 6th. NetEase’s payout ratio is 76.45%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NTES. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Morgan Stanley lifted their price objective 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. Barclays lifted their price objective on shares of NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Monday. Citigroup lifted their target price on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Benchmark lifted their target price on shares of NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, NetEase currently has an average rating of “Moderate Buy” and a consensus price target of $114.57.

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.