NetEase, Inc. (NASDAQ:NTES) Shares Purchased by GUARDCAP ASSET MANAGEMENT Ltd

GUARDCAP ASSET MANAGEMENT Ltd grew its position in shares of NetEase, Inc. (NASDAQ:NTES) by 10.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 21,110 shares of the technology company’s stock after purchasing an additional 2,010 shares during the quarter. NetEase accounts for 0.0% of GUARDCAP ASSET MANAGEMENT Ltd’s portfolio, making the stock its 24th largest position. GUARDCAP ASSET MANAGEMENT Ltd’s holdings in NetEase were worth $1,883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock valued at $30,000 after buying an additional 152 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of NetEase during the 4th quarter valued at about $34,000. UMB Bank n.a. grew its stake in shares of 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 purchasing an additional 111 shares during the last quarter. Live Oak Investment Partners bought a new stake in shares of NetEase in the 4th quarter worth approximately $62,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of NetEase in the 3rd quarter worth approximately $70,000. Institutional investors own 11.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Benchmark lifted their target price on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 21st. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Bank of America increased their price target on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Barclays boosted their price objective on NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.57.

NetEase Trading Down 2.9 %

NASDAQ NTES opened at $97.05 on Friday. The company has a market capitalization of $62.32 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $110.15. The firm’s fifty day simple moving average is $101.86 and its 200-day simple moving average is $91.90.

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

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase’s dividend payout ratio (DPR) is presently 76.45%.

About NetEase

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.