MY.Alpha Management HK Advisors Ltd Invests $11.13 Million in NetEase, Inc. (NASDAQ:NTES)

MY.Alpha Management HK Advisors Ltd bought a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 124,730 shares of the technology company's stock, valued at approximately $11,127,000. NetEase makes up approximately 4.9% of MY.Alpha Management HK Advisors Ltd's holdings, making the stock its 10th largest holding.

Several other institutional investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its position in NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after buying an additional 152 shares in the last quarter. Brooklyn Investment Group acquired a new position in NetEase during the 4th quarter worth about $34,000. UMB Bank n.a. grew its holdings in NetEase by 33.3% during 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 during the period. Live Oak Investment Partners bought a new stake in shares of NetEase in the 4th quarter valued at about $62,000. Finally, Avior Wealth Management LLC increased its stake in shares of NetEase by 148.9% in the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock valued at $89,000 after acquiring an additional 594 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors.

NetEase Stock Down 0.8%

NetEase stock traded down $0.92 during mid-day trading on Monday, reaching $118.66. 796,787 shares of the company's stock traded hands, compared to its average volume of 1,597,665. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $123.56. The company has a market cap of $75.18 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 3.37 and a beta of 0.66. The stock has a 50 day moving average of $102.66 and a two-hundred day moving average of $97.32.

NetEase (NASDAQ:NTES - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $27.16 billion. As a group, sell-side analysts forecast that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.435 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.47%. NetEase's payout ratio is 38.85%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NTES. JPMorgan Chase & Co. raised their target price on shares of NetEase from $120.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday. Benchmark increased their target price on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. 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 report on Wednesday, February 12th. 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 report on Friday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of NetEase in a research report on Monday, May 12th. They issued a "buy" rating and a $130.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate 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.