54,427 Shares in NetEase, Inc. (NASDAQ:NTES) Bought by Triata Capital Ltd

Triata Capital Ltd acquired a new position in NetEase, Inc. (NASDAQ:NTES - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 54,427 shares of the technology company's stock, valued at approximately $4,855,000. NetEase accounts for approximately 2.0% of Triata Capital Ltd's investment portfolio, making the stock its 9th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in NTES. Strategic Global Advisors LLC lifted its holdings in shares of NetEase by 26.4% in the 4th quarter. Strategic Global Advisors LLC now owns 55,822 shares of the technology company's stock worth $4,980,000 after purchasing an additional 11,665 shares during the last quarter. Toronto Dominion Bank bought a new stake in NetEase in the fourth quarter valued at $145,000. Point72 Hong Kong Ltd grew its position in shares of NetEase by 556.2% during the fourth 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 during the last quarter. Polar Capital Holdings Plc increased its holdings 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 worth $214,000 after acquiring an additional 240 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in NetEase in the 4th quarter valued at about $449,000. Institutional investors own 11.07% of the company's stock.

NetEase Price Performance

Shares of NetEase stock traded up $1.89 during trading on Tuesday, hitting $120.99. The stock had a trading volume of 1,088,592 shares, compared to its average volume of 1,600,029. The business has a fifty day moving average of $103.29 and a two-hundred day moving average of $97.77. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $123.56. The firm has a market cap 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 issued its quarterly earnings results 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 company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. As a group, research analysts forecast that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase's payout ratio is 38.85%.

Wall Street Analysts Forecast Growth

NTES has been the topic of a number of recent analyst reports. Barclays lifted their price target on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday. Morgan Stanley raised their price target on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. upped their price objective on shares of NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday. Benchmark raised their target price 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of NetEase in a research report on Monday, May 12th. They set a "buy" rating and a $130.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.38.

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.