Polymer Capital Management HK LTD Has $830,000 Position in NetEase, Inc. (NASDAQ:NTES)

Polymer Capital Management HK LTD trimmed its holdings in NetEase, Inc. (NASDAQ:NTES) by 85.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,300 shares of the technology company’s stock after selling 54,514 shares during the quarter. Polymer Capital Management HK LTD’s holdings in NetEase were worth $830,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock worth $30,000 after purchasing an additional 152 shares in the last quarter. Brooklyn Investment Group acquired a new position in NetEase during the 4th quarter worth $34,000. UMB Bank n.a. boosted its position in NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after buying an additional 111 shares during the last quarter. Live Oak Investment Partners acquired a new stake in shares of NetEase in the 4th quarter valued at $62,000. Finally, Avior Wealth Management LLC raised its position in shares of NetEase by 148.9% during the fourth quarter. Avior Wealth Management LLC now owns 993 shares of the technology company’s stock worth $89,000 after acquiring an additional 594 shares during the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

NetEase Stock Performance

NTES opened at $98.86 on Monday. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $110.15. The firm has a market cap of $63.48 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65. The firm’s fifty day moving average is $102.39 and its two-hundred day moving average is $93.74.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping 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 business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. Equities analysts forecast that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.435 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.76%. NetEase’s dividend payout ratio is presently 76.45%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NTES. Morgan Stanley raised their price target on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Benchmark increased their price objective on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 21st. Barclays lifted their target price on shares of NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Finally, 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 note on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.