Axa S.A. Has $3.92 Million Holdings in NetEase, Inc. (NASDAQ:NTES)

AXA S.A. lowered its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 47.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,951 shares of the technology company's stock after selling 39,808 shares during the quarter. AXA S.A.'s holdings in NetEase were worth $3,921,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in NetEase during the fourth quarter valued at about $212,000. AdvisorShares Investments LLC acquired a new position in NetEase in the fourth quarter worth $330,000. Northern Trust Corp increased its position in NetEase by 138.5% in the 4th quarter. Northern Trust Corp now owns 430,653 shares of the technology company's stock valued at $38,419,000 after acquiring an additional 250,111 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in NetEase by 15.9% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,258 shares of the technology company's stock worth $736,000 after buying an additional 1,132 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in NetEase by 11.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,280,643 shares of the technology company's stock worth $114,247,000 after purchasing an additional 135,180 shares during the last quarter. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NTES shares. Morgan Stanley boosted their price objective on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Barclays boosted their target price on shares of NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Bank of America raised their price objective on NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. 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 research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, NetEase currently has an average rating of "Moderate Buy" and an average target price of $112.67.

NetEase Price Performance

Shares of NASDAQ NTES traded down $3.15 during mid-day trading on Friday, hitting $103.34. 906,327 shares of the stock traded hands, compared to its average volume of 1,596,524. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $110.66. The firm has a 50 day simple moving average of $101.70 and a two-hundred day simple moving average of $95.98. The company has a market cap of $65.48 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66.

NetEase (NASDAQ:NTES - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping 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 net margin of 28.17% and a return on equity of 22.12%. On average, equities research analysts anticipate that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Thursday, March 6th. NetEase's dividend 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.