Strategic Global Advisors LLC Purchases 11,665 Shares of NetEase, Inc. (NASDAQ:NTES)

Strategic Global Advisors LLC grew its stake in NetEase, Inc. (NASDAQ:NTES - Free Report) by 26.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,822 shares of the technology company's stock after acquiring an additional 11,665 shares during the period. Strategic Global Advisors LLC's holdings in NetEase were worth $4,980,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Toronto Dominion Bank bought a new position in shares of NetEase during the 4th quarter worth approximately $145,000. Point72 Hong Kong Ltd boosted its position in shares of NetEase by 556.2% during the 4th quarter. Point72 Hong Kong Ltd now owns 139,619 shares of the technology company's stock worth $12,455,000 after acquiring an additional 118,341 shares in the last quarter. Polar Capital Holdings Plc increased its stake in shares of NetEase by 11.1% in the 4th quarter. Polar Capital Holdings Plc now owns 2,397 shares of the technology company's stock valued at $214,000 after purchasing an additional 240 shares during the last quarter. Quantinno Capital Management LP acquired a new position in NetEase during the fourth quarter worth about $449,000. Finally, MY.Alpha Management HK Advisors Ltd bought a new position in NetEase in the 4th quarter valued at approximately $11,127,000. Institutional investors and hedge funds own 11.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft started coverage on NetEase in a research note on Monday, May 12th. They set a "buy" rating and a $130.00 price target on the stock. 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, February 21st. JPMorgan Chase & Co. boosted their target price on NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday. Barclays raised their price objective on shares of NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a research note on Friday, May 16th. Finally, Morgan Stanley upped their price target on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $119.38.

NetEase Stock Performance

NTES traded up $0.19 during midday trading on Friday, reaching $119.21. The company had a trading volume of 487,970 shares, compared to its average volume of 1,462,260. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $123.56. The business has a 50-day moving average price of $103.99 and a two-hundred day moving average price of $98.20. The stock has a market cap of $75.53 billion, a PE ratio of 18.71, a P/E/G ratio of 3.37 and a beta of 0.66.

NetEase (NASDAQ:NTES - Get Free Report) last issued 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 net margin of 28.17% and a return on equity of 22.12%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $27.16 billion. On average, research analysts anticipate that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.675 dividend. The ex-dividend date is Friday, May 30th. NetEase's dividend payout ratio (DPR) is presently 38.85%.

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.