Man Group plc raised its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 98.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 708,268 shares of the technology company's stock after purchasing an additional 350,578 shares during the period. Man Group plc owned 0.11% of NetEase worth $63,185,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of NTES. Farther Finance Advisors LLC increased its stake in NetEase by 81.7% in the 4th quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after acquiring an additional 152 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of NetEase in the 4th quarter valued at about $34,000. UMB Bank n.a. raised its position in shares of NetEase by 33.3% in the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after acquiring an additional 111 shares in the last quarter. Live Oak Investment Partners purchased a new stake in shares of NetEase during the 4th quarter valued at $62,000. Finally, Avior Wealth Management LLC lifted its position in 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 acquiring an additional 594 shares during the period. 11.07% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts recently commented on NTES shares. Benchmark boosted their price target on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Morgan Stanley boosted their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. boosted their target price on NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday. Barclays lifted their price target on shares of NetEase from $104.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of NetEase in a research report on Monday, May 12th. They issued a "buy" rating and a $130.00 price objective on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $119.38.
Read Our Latest Analysis on NTES
NetEase Price Performance
Shares of NASDAQ NTES traded up $1.15 during trading hours on Tuesday, hitting $120.25. 475,910 shares of the stock were exchanged, compared to its average volume of 1,597,436. NetEase, Inc. has a one year low of $75.85 and a one year high of $123.56. The company's 50 day moving average is $102.94 and its 200 day moving average is $97.60. The firm has a market capitalization of $76.19 billion, a P/E ratio of 18.89, a P/E/G 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.14. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. Research analysts anticipate that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.
NetEase Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.435 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.45%. NetEase's payout ratio is presently 38.85%.
About NetEase
(
Free Report)
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.
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