NetEase, Inc. (NASDAQ:NTES) Stock Holdings Trimmed by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,389,790 shares of the technology company's stock after selling 29,326 shares during the period. Fisher Asset Management LLC owned about 0.22% of NetEase worth $129,473,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA lifted its holdings in NetEase by 418.9% in the fourth quarter. Private Trust Co. NA now owns 275 shares of the technology company's stock worth $26,000 after acquiring an additional 222 shares during the last quarter. Chilton Capital Management LLC bought a new stake in NetEase in the fourth quarter valued at $37,000. Headlands Technologies LLC acquired a new position in shares of NetEase during the third quarter valued at $56,000. CVA Family Office LLC acquired a new stake in shares of NetEase in the 4th quarter worth about $65,000. Finally, Huntington National Bank lifted its position in NetEase by 31.4% in the 3rd quarter. Huntington National Bank now owns 678 shares of the technology company's stock valued at $68,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 11.07% of the company's stock.

NetEase Stock Up 4.1 %

NASDAQ:NTES traded up $4.07 during trading hours on Friday, reaching $103.02. 2,723,431 shares of the company's stock were exchanged, compared to its average volume of 1,712,096. The company has a market capitalization of $66.42 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 0.86 and a beta of 0.58. NetEase, Inc. has a 12 month low of $80.79 and a 12 month high of $118.89. The business's 50-day simple moving average is $101.31 and its two-hundred day simple moving average is $102.66.

NetEase (NASDAQ:NTES - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $1.42 earnings per share 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 during the quarter, compared to analysts' expectations of $3.96 billion. As a group, sell-side analysts anticipate that NetEase, Inc. will post 7.04 earnings per share for the current fiscal year.

NetEase Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $1.08 dividend. This is a positive change from NetEase's previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, March 13th. This represents a $4.32 dividend on an annualized basis and a yield of 4.19%. NetEase's dividend payout ratio (DPR) is currently 68.09%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of NetEase from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, April 12th. StockNews.com downgraded shares of NetEase from a "strong-buy" rating to a "buy" rating in a report on Monday. Finally, HSBC dropped their price target on shares of NetEase from $130.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 24th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price 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.

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