D. E. Shaw & Co. Inc. Cuts Position in NetEase, Inc. (NASDAQ:NTES)

D. E. Shaw & Co. Inc. lowered its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 73.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,873 shares of the technology company's stock after selling 357,300 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in NetEase were worth $11,408,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CastleKnight Management LP acquired a new stake in NetEase in the fourth quarter valued at approximately $642,000. Aspex Management HK Ltd purchased a new stake in NetEase during the 4th quarter worth $13,172,000. Itau Unibanco Holding S.A. bought a new position in shares of NetEase in the 4th quarter worth about $212,000. AdvisorShares Investments LLC acquired a new stake in NetEase during the 4th quarter worth about $330,000. Finally, Northern Trust Corp raised its holdings in NetEase by 138.5% in the 4th quarter. Northern Trust Corp now owns 430,653 shares of the technology company's stock worth $38,419,000 after acquiring an additional 250,111 shares during the period. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on NTES. 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 report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of NetEase in a research note on Monday, May 12th. They set a "buy" rating and a $130.00 price objective for the company. Barclays increased their price target on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Benchmark raised their price target on NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $117.14.

NetEase Trading Down 1.2%

NTES traded down $1.39 on Monday, reaching $118.19. The stock had a trading volume of 559,534 shares, compared to its average volume of 1,596,937. The firm has a 50-day moving average of $102.66 and a 200-day moving average of $97.32. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $123.56. The company has a market capitalization of $74.88 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66.

NetEase (NASDAQ:NTES - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. Sell-side analysts anticipate 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. Investors of record on Thursday, March 6th were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase's payout ratio is 38.85%.

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.