NetEase, Inc. (NASDAQ:NTES) Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd trimmed its stake in NetEase, Inc. (NASDAQ:NTES - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 469,138 shares of the technology company's stock after selling 81,580 shares during the period. Temasek Holdings Private Ltd owned about 0.07% of NetEase worth $41,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in NTES. Capital World Investors raised its stake in shares of NetEase by 40.6% during the fourth quarter. Capital World Investors now owns 3,725,046 shares of the technology company's stock valued at $332,311,000 after acquiring an additional 1,074,818 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. increased its holdings in NetEase by 10.8% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company's stock worth $324,088,000 after purchasing an additional 354,273 shares during the period. Lazard Asset Management LLC raised its position in NetEase by 2.0% during the 4th quarter. Lazard Asset Management LLC now owns 3,599,794 shares of the technology company's stock valued at $321,137,000 after purchasing an additional 69,789 shares in the last quarter. Dodge & Cox lifted its holdings in shares of NetEase by 0.6% in the 4th quarter. Dodge & Cox now owns 2,649,876 shares of the technology company's stock worth $236,395,000 after buying an additional 15,900 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of NetEase by 88.0% in the 4th quarter. Invesco Ltd. now owns 2,365,464 shares of the technology company's stock worth $211,023,000 after buying an additional 1,107,363 shares during the period. 11.07% of the stock is currently owned by institutional investors.

NetEase Trading Up 0.3%

Shares of NTES stock traded up $0.37 during trading hours on Friday, reaching $119.39. 536,796 shares of the company's stock were exchanged, compared to its average volume of 1,586,576. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $123.56. The stock's 50 day moving average is $103.99 and its 200-day moving average is $98.20. The company has a market cap of $75.64 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 3.37 and a beta of 0.66.

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

NetEase Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.675 per share. The ex-dividend date is Friday, May 30th. NetEase's payout ratio is currently 38.85%.

Analyst Upgrades and Downgrades

NTES has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on NetEase in a report on Monday, May 12th. They issued a "buy" rating and a $130.00 price objective for the company. Wall Street Zen upgraded shares of NetEase from a "buy" rating to a "strong-buy" rating in a report on Thursday. Barclays upped their price target on shares of NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. lifted their price objective on shares of NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Monday. Finally, Benchmark upped their target price 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, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $119.38.

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.