Capital International Sarl Has $2.45 Million Stock Position in NetEase, Inc. (NASDAQ:NTES)

Capital International Sarl reduced its position in NetEase, Inc. (NASDAQ:NTES) by 20.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,431 shares of the technology company’s stock after selling 7,030 shares during the period. Capital International Sarl’s holdings in NetEase were worth $2,447,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTES. Greenwoods Asset Management Hong Kong Ltd. raised its position in NetEase by 10.8% during the fourth 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. Dodge & Cox raised its holdings in shares of NetEase by 0.6% during the 4th quarter. Dodge & Cox now owns 2,649,876 shares of the technology company’s stock valued at $236,395,000 after purchasing an additional 15,900 shares in the last quarter. Invesco Ltd. lifted its stake in shares of NetEase by 88.0% in the 4th quarter. Invesco Ltd. now owns 2,365,464 shares of the technology company’s stock valued at $211,023,000 after purchasing an additional 1,107,363 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in NetEase by 2.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,016,465 shares of the technology company’s stock worth $179,889,000 after purchasing an additional 54,899 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in NetEase by 6.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,766,327 shares of the technology company’s stock worth $157,574,000 after buying an additional 100,922 shares during the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NTES shares. Bank of America upped their price target on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Barclays raised 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. Morgan Stanley boosted their target price on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Benchmark upped their price target on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $114.57.

NetEase Price Performance

Shares of NetEase stock opened at $98.73 on Friday. The firm has a fifty day moving average price of $100.60 and a two-hundred day moving average price of $94.29. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $110.15. The company has a market cap of $63.40 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65.

NetEase (NASDAQ:NTES) last released its earnings results 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 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. Analysts expect that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid 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 dividend payout ratio is currently 76.45%.

NetEase Company 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.