NetEase, Inc. (NASDAQ:NTES) Shares Sold by Capital International Inc. CA

Capital International Inc. CA cut its stake in NetEase, Inc. (NASDAQ:NTES) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,964 shares of the technology company’s stock after selling 18,259 shares during the period. Capital International Inc. CA owned approximately 0.07% of NetEase worth $42,282,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several analysts recently commented on NTES shares. Barclays increased their target price on shares of NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Bank of America raised 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 boosted their target price on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Morgan Stanley upped their target price on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.57.

NetEase Trading Up 1.4 %

Shares of NTES stock opened at $98.73 on Friday. The stock’s fifty day simple moving average is $100.60 and its 200-day simple moving average is $94.29. The company has a market capitalization of $63.40 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 3.37 and a beta of 0.65. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $110.15.

NetEase (NASDAQ:NTES) last released its earnings results 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. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. On average, sell-side analysts predict that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Dividend Announcement

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