Temasek Holdings Private Ltd Acquires 125,369 Shares of NetEase, Inc. $NTES

Key Points

• Temasek Holdings Private Ltd increased its stake in NetEase, Inc. by 26.7%, owning 594,507 shares valued at approximately $61.2 million as of its latest SEC filing.
• Multiple hedge funds adjusted their positions in NetEase during the first quarter, with total institutional ownership rising to 11.07% of the company’s stock.
• Analysts have varied opinions on the stock, with ratings ranging from "Strong Buy" to "Hold," and an average price target of $128.78.

Temasek Holdings Private Ltd lifted its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 26.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 594,507 shares of the technology company's stock after acquiring an additional 125,369 shares during the period. Temasek Holdings Private Ltd owned approximately 0.09% of NetEase worth $61,187,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NTES. Royal Capital Wealth Management LLC purchased a new stake in shares of NetEase during the 1st quarter valued at $206,000. Edmond DE Rothschild Holding S.A. increased its stake in shares of NetEase by 5.4% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 41,100 shares of the technology company's stock worth $4,230,000 after purchasing an additional 2,100 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of NetEase by 2.1% during the 1st quarter. Advisors Asset Management Inc. now owns 17,104 shares of the technology company's stock valued at $1,760,000 after purchasing an additional 347 shares during the last quarter. Hhlr Advisors LTD. grew its stake in shares of NetEase by 3.1% in the 1st quarter. Hhlr Advisors LTD. now owns 2,668,697 shares of the technology company's stock worth $274,662,000 after buying an additional 79,754 shares in the last quarter. Finally, Metavasi Capital LP purchased a new stake in NetEase in the 1st quarter valued at about $4,117,000. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NTES has been the topic of a number of research analyst reports. Barclays set a $120.00 price objective on shares of NetEase and gave the company an "equal weight" rating in a report on Monday, August 18th. JPMorgan Chase & Co. lowered shares of NetEase from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from $135.00 to $140.00 in a report on Monday, July 28th. Arete Research raised shares of NetEase to a "strong-buy" rating in a research report on Wednesday, September 3rd. Zacks Research cut shares of NetEase from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Finally, Arete upgraded shares of NetEase from a "sell" rating to a "buy" rating and set a $150.00 target price for the company in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $128.78.

NetEase Stock Performance

Shares of NASDAQ NTES traded up $1.85 during mid-day trading on Wednesday, reaching $145.75. The company had a trading volume of 444,504 shares, compared to its average volume of 1,189,401. The company has a market capitalization of $92.35 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.92 and a beta of 0.67. The stock has a fifty day moving average of $133.22 and a two-hundred day moving average of $118.66. NetEase, Inc. has a 12-month low of $75.88 and a 12-month high of $145.90.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 28th will be paid a $0.675 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 1.9%. NetEase's dividend payout ratio (DPR) is 30.72%.

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.