NetEase, Inc. (NASDAQ:NTES) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S raised its position in NetEase, Inc. (NASDAQ:NTES) by 274.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 165,521 shares of the technology company’s stock after acquiring an additional 121,318 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in NetEase were worth $14,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NTES. WT Asset Management Ltd bought a new stake in shares of NetEase during the 4th quarter worth about $2,624,000. SG Americas Securities LLC acquired a new stake in NetEase in the fourth quarter worth approximately $654,000. APEIRON CAPITAL Ltd lifted its position in NetEase by 20.5% in the fourth quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company’s stock worth $11,537,000 after purchasing an additional 22,000 shares during the period. SVB Wealth LLC bought a new position in NetEase during the 4th quarter valued at $3,817,000. Finally, Greenwoods Asset Management Hong Kong Ltd. increased its position in shares of NetEase by 10.8% during 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 purchasing an additional 354,273 shares during the period. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on NTES shares. Benchmark raised their target price on NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Bank of America lifted their price objective on shares of NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Morgan Stanley increased their target price on shares of NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, Barclays lifted their price target on shares of NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.57.

NetEase Price Performance

NTES stock opened at $98.73 on Friday. The firm has a market capitalization of $63.40 billion, a P/E ratio of 15.50, a P/E/G ratio of 3.37 and a beta of 0.65. NetEase, Inc. has a 52-week low of $75.85 and a 52-week high of $110.15. The company’s 50 day simple moving average is $100.60 and its 200-day simple moving average is $94.22.

NetEase (NASDAQ:NTES) last announced its 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 company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. Sell-side analysts predict 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. Shareholders of record on Thursday, March 6th were given a dividend of $0.435 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.76%. NetEase’s payout ratio 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.