NetEase, Inc. (NASDAQ:NTES) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,778,513 shares of the technology company's stock after selling 479,929 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.90% of NetEase worth $515,501,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NTES. Farther Finance Advisors LLC boosted its position in shares of NetEase by 81.7% during the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after purchasing an additional 152 shares during the period. UMB Bank n.a. boosted its position in shares of NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after purchasing an additional 111 shares during the period. Live Oak Investment Partners purchased a new position in shares of NetEase during the 4th quarter worth approximately $62,000. Avior Wealth Management LLC boosted its position in shares of NetEase by 148.9% during the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock worth $89,000 after purchasing an additional 594 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of NetEase during the 4th quarter worth approximately $110,000. Hedge funds and other institutional investors own 11.07% of the company's stock.

Wall Street Analysts Forecast Growth

NTES has been the subject of a number of research analyst reports. Benchmark increased their price objective on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their target price on shares of NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Morgan Stanley increased 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 started coverage on shares of NetEase in a report on Monday, May 12th. They set a "buy" rating and a $130.00 target price on the stock. Finally, Barclays increased their target price on shares of NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a report on Friday, May 16th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $119.38.

NetEase Price Performance

Shares of NTES traded up $0.73 during midday trading on Friday, reaching $119.75. The stock had a trading volume of 1,023,305 shares, compared to its average volume of 1,582,894. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $123.56. The company's fifty day simple moving average is $104.37 and its two-hundred day simple moving average is $98.47. The company has a market cap of $75.87 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 3.37 and a beta of 0.66.

NetEase (NASDAQ:NTES - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, beating 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 business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. On average, sell-side analysts forecast that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.675 dividend. The ex-dividend date is Friday, May 30th. 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.