Temasek Holdings Private Ltd Decreases Stake in NetEase, Inc. (NASDAQ:NTES)

Temasek Holdings Private Ltd reduced its stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 14.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469,138 shares of the technology company's stock after selling 81,580 shares during the period. Temasek Holdings Private Ltd owned 0.07% of NetEase worth $41,852,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in shares of NetEase by 81.7% in the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after buying an additional 152 shares during the last quarter. Brooklyn Investment Group purchased a new stake in NetEase in the 4th quarter worth approximately $34,000. UMB Bank n.a. raised its holdings in NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock valued at $40,000 after acquiring an additional 111 shares during the last quarter. Live Oak Investment Partners purchased a new position in shares of NetEase during the 4th quarter worth $62,000. Finally, Avior Wealth Management LLC boosted its holdings in shares of NetEase by 148.9% during the fourth 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 last quarter. 11.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NTES shares. Deutsche Bank Aktiengesellschaft started coverage on NetEase in a research note on Monday, May 12th. They issued a "buy" rating and a $130.00 target price for the company. Benchmark upped their price objective on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. raised their target price on shares of NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday. Morgan Stanley upped their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Finally, Barclays lifted their price target on shares of NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $119.38.

NetEase Price Performance

NTES stock traded up $1.89 during midday trading on Tuesday, reaching $120.99. 1,088,592 shares of the company's stock traded hands, compared to its average volume of 1,600,029. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $123.56. The business has a 50-day moving average price of $103.29 and a two-hundred day moving average price of $97.77. The company has a market capitalization of $76.66 billion, a P/E ratio of 18.99, a PEG ratio of 3.37 and a beta of 0.66.

NetEase (NASDAQ:NTES - Get Free Report) last posted its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, beating the consensus estimate 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. As a group, research analysts forecast that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase's payout ratio is 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.