NetEase, Inc. (NASDAQ:NTES) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 10.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 468,772 shares of the technology company's stock after selling 55,132 shares during the period. Van ECK Associates Corp owned 0.07% of NetEase worth $43,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings in shares of NetEase by 451.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 511,454 shares of the technology company's stock valued at $47,647,000 after purchasing an additional 418,677 shares during the last quarter. WT Asset Management Ltd lifted its holdings in shares of NetEase by 381.1% in 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. lifted its holdings in shares of NetEase by 11.6% in 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 purchased a new stake in shares of NetEase in the 3rd quarter valued at about $12,017,000. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in shares of NetEase in the 3rd quarter valued at about $1,102,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Price Performance

NASDAQ NTES traded down $3.16 on Tuesday, hitting $93.47. 1,147,712 shares of the company's stock were exchanged, compared to its average volume of 1,707,649. The firm's 50-day moving average price is $101.77 and its two-hundred day moving average price is $102.75. NetEase, Inc. has a fifty-two week low of $80.79 and a fifty-two week high of $118.89. The firm has a market cap of $60.26 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 0.87 and a beta of 0.58.

NetEase (NASDAQ:NTES - Get Free Report) last released its earnings results on Thursday, February 29th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.20). NetEase had a return on equity of 24.36% and a net margin of 28.39%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.96 billion. On average, research analysts predict that NetEase, Inc. will post 7.04 earnings per share for the current fiscal 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 given a dividend of $1.08 per share. This is a boost from NetEase's previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, March 13th. This represents a $4.32 annualized dividend and a yield of 4.62%. NetEase's payout ratio is presently 68.09%.

Wall Street Analysts Forecast Growth

NTES has been the subject of several research reports. StockNews.com downgraded NetEase from a "strong-buy" rating to a "buy" rating in a report on Monday. HSBC reduced their price objective on NetEase from $130.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 24th. Finally, Morgan Stanley reduced their price objective on NetEase from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, April 12th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, NetEase currently has an average rating of "Buy" and a consensus target price of $126.00.

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.