WCM Investment Management LLC Makes New $747,000 Investment in NetEase, Inc. (NASDAQ:NTES)

WCM Investment Management LLC purchased a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,368 shares of the technology company's stock, valued at approximately $747,000.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. grew its position in NetEase by 451.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 511,454 shares of the technology company's stock worth $47,647,000 after acquiring an additional 418,677 shares in the last quarter. WT Asset Management Ltd raised its stake in NetEase by 381.1% during the 4th quarter. WT Asset Management Ltd now owns 996,686 shares of the technology company's stock valued at $92,851,000 after purchasing an additional 789,499 shares during the last quarter. FDx Advisors Inc. raised its stake in NetEase by 11.6% during the 3rd quarter. FDx Advisors Inc. now owns 8,352 shares of the technology company's stock valued at $837,000 after purchasing an additional 871 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in NetEase during the 3rd quarter valued at $12,017,000. Finally, China Universal Asset Management Co. Ltd. acquired a new position in NetEase during the 3rd quarter valued at $1,102,000. Institutional investors and hedge funds own 11.07% of the company's stock.

NetEase Price Performance

Shares of NTES traded up $0.02 during trading hours on Monday, hitting $92.17. The stock had a trading volume of 1,526,371 shares, compared to its average volume of 1,759,385. The company's fifty day moving average is $104.72 and its two-hundred day moving average is $103.46. NetEase, Inc. has a 52 week low of $80.79 and a 52 week high of $118.89. The stock has a market capitalization of $59.42 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 0.84 and a beta of 0.58.

NetEase (NASDAQ:NTES - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.20). NetEase had a return on equity of 24.36% and a net margin of 28.39%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. Equities analysts predict that NetEase, Inc. will post 7.04 EPS for the current fiscal year.

NetEase Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.69%. This is an increase from NetEase's previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, March 13th. NetEase's dividend payout ratio (DPR) is currently 68.09%.

Wall Street Analyst Weigh In

NTES has been the subject of a number of recent research reports. StockNews.com upgraded shares of NetEase from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 26th. Morgan Stanley dropped their price objective on shares of NetEase from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $126.00.

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.