Aspex Management HK Ltd Invests $13.17 Million in NetEase, Inc. (NASDAQ:NTES)

Aspex Management HK Ltd bought a new position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 147,655 shares of the technology company's stock, valued at approximately $13,172,000. NetEase accounts for about 0.4% of Aspex Management HK Ltd's portfolio, making the stock its 26th largest position.

A number of other institutional investors have also added to or reduced their stakes in the business. WT Asset Management Ltd purchased a new stake in NetEase in the fourth quarter worth approximately $2,624,000. SG Americas Securities LLC purchased a new position in NetEase during the 4th quarter valued at $654,000. APEIRON CAPITAL Ltd lifted its holdings 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 buying an additional 22,000 shares during the period. SVB Wealth LLC bought a new stake in shares of NetEase during the fourth quarter valued at approximately $3,817,000. Finally, Greenwoods Asset Management Hong Kong Ltd. increased its stake in shares of NetEase by 10.8% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company's stock worth $324,088,000 after acquiring an additional 354,273 shares in the last quarter. 11.07% of the stock is currently owned by institutional investors.

NetEase Stock Down 0.8 %

NASDAQ:NTES traded down $0.83 during mid-day trading on Tuesday, hitting $108.97. 1,371,906 shares of the stock traded hands, compared to its average volume of 1,604,934. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $110.66. The stock has a market capitalization of $69.04 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 3.37 and a beta of 0.66. The firm's 50 day moving average is $101.14 and its two-hundred day moving average is $95.49.

NetEase (NASDAQ:NTES - Get Free Report) 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. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. As a group, research analysts predict that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Thursday, March 6th. NetEase's dividend payout ratio (DPR) is presently 76.45%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NTES. Barclays upped their price target on shares of NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Benchmark boosted their price objective on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Morgan Stanley upped their price target 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, Bank of America lifted their target price on NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $112.67.

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.