Massachusetts Financial Services Co. MA Has $157.57 Million Stock Holdings in NetEase, Inc. (NASDAQ:NTES)

Massachusetts Financial Services Co. MA lifted its stake in NetEase, Inc. (NASDAQ:NTES) by 6.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,766,327 shares of the technology company’s stock after purchasing an additional 100,922 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.28% of NetEase worth $157,574,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Greenwoods Asset Management Hong Kong Ltd. lifted its position in shares of NetEase by 10.8% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company’s stock valued at $324,088,000 after acquiring an additional 354,273 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in NetEase by 2.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,016,465 shares of the technology company’s stock valued at $179,889,000 after purchasing an additional 54,899 shares during the period. Wellington Management Group LLP lifted its holdings in shares of NetEase by 1.1% in the third quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company’s stock valued at $95,400,000 after purchasing an additional 10,920 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in shares of NetEase in the fourth quarter worth $62,593,000. Finally, Davis Selected Advisers purchased a new position in shares of NetEase during the fourth quarter valued at $53,287,000. Hedge funds and other institutional investors own 11.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Bank of America increased their price objective on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Benchmark raised their price target on shares of NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 21st. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Morgan Stanley boosted their price target on shares of NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, Barclays increased 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. According to data from MarketBeat.com, NetEase currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.57.

NetEase Price Performance

NTES stock opened at $98.86 on Friday. The stock has a market capitalization of $63.48 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. The company has a 50-day moving average of $102.39 and a two-hundred day moving average of $93.51. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $110.15.

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

NetEase Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.435 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.76%. NetEase’s dividend payout ratio is 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.