Handelsbanken Fonder AB Trims Stake in NetEase, Inc. (NASDAQ:NTES)

Handelsbanken Fonder AB lessened its stake in NetEase, Inc. (NASDAQ:NTES - Free Report) by 20.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 686,618 shares of the technology company's stock after selling 181,360 shares during the period. Handelsbanken Fonder AB owned 0.11% of NetEase worth $63,965,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in shares of NetEase by 418.9% during the 4th quarter. Private Trust Co. NA now owns 275 shares of the technology company's stock worth $26,000 after acquiring an additional 222 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in NetEase in the 4th quarter valued at approximately $37,000. Pinpoint Asset Management Ltd purchased a new stake in NetEase in the 1st quarter valued at approximately $42,000. First Capital Advisors Group LLC. purchased a new stake in NetEase in the 2nd quarter valued at approximately $47,000. Finally, Headlands Technologies LLC purchased a new stake in NetEase in the 3rd quarter valued at approximately $56,000. Hedge funds and other institutional investors own 11.07% of the company's stock.

NetEase Trading Up 1.1 %

Shares of NTES stock traded up $1.01 during trading hours on Friday, hitting $93.51. 1,652,265 shares of the company were exchanged, compared to its average volume of 1,431,325. The business has a 50 day moving average of $103.55 and a two-hundred day moving average of $103.24. NetEase, Inc. has a 52 week low of $80.79 and a 52 week high of $118.89. The company has a market capitalization of $60.29 billion, a PE ratio of 14.77, a PEG ratio of 0.85 and a beta of 0.58.

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

NetEase Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.62%. This is a positive change from NetEase's previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, March 13th. NetEase's payout ratio is presently 68.09%.

Analyst Ratings Changes

Several research analysts have weighed in on NTES shares. Morgan Stanley cut their price target on NetEase from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, April 12th. StockNews.com raised shares of NetEase from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, March 26th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, NetEase presently has an average rating of "Buy" and an average price target of $126.00.

NetEase Company 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.