Infini Capital Management Ltd Acquires Shares of 82,000 NetEase, Inc. (NASDAQ:NTES)

Infini Capital Management Ltd purchased a new stake in shares of NetEase, Inc. (NASDAQ:NTES) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 82,000 shares of the technology company’s stock, valued at approximately $7,315,000. NetEase comprises about 9.2% of Infini Capital Management Ltd’s holdings, making the stock its 5th largest holding.

A number of other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in NetEase during the 4th quarter worth about $34,000. UMB Bank n.a. increased its stake in 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 period. Highline Wealth Partners LLC purchased a new position in shares of NetEase during the third quarter valued at approximately $45,000. RPg Family Wealth Advisory LLC purchased a new position in shares of NetEase during the third quarter valued at approximately $70,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of NetEase during the third quarter valued at approximately $76,000. Hedge funds and other institutional investors own 11.07% of the company’s stock.

NetEase Stock Up 1.8 %

Shares of NASDAQ:NTES opened at $103.22 on Friday. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $114.50. The company has a market cap of $66.28 billion, a P/E ratio of 16.20, a PEG ratio of 3.37 and a beta of 0.58. The company has a 50-day moving average price of $97.77 and a 200 day moving average price of $89.77.

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

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.435 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.69%. NetEase’s dividend payout ratio is presently 76.61%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley upped 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. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Benchmark increased their price target on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday. Bank of America raised their price objective on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Citigroup raised their price objective on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 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, NetEase presently has a consensus rating of “Moderate Buy” and an average price target of $111.43.

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.