National Bank of Canada FI Boosts Position in NetEase, Inc. (NASDAQ:NTES)

National Bank of Canada FI boosted its stake in NetEase, Inc. (NASDAQ:NTES - Free Report) by 6,493.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 321,884 shares of the technology company's stock after purchasing an additional 317,002 shares during the quarter. National Bank of Canada FI's holdings in NetEase were worth $29,764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. raised its holdings in NetEase by 7.4% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 2,755 shares of the technology company's stock worth $257,000 after buying an additional 189 shares during the last quarter. ABS Direct Equity Fund LLC purchased a new stake in shares of NetEase in the fourth quarter worth approximately $289,000. M&T Bank Corp raised its stake in shares of NetEase by 12.4% in the fourth quarter. M&T Bank Corp now owns 18,820 shares of the technology company's stock worth $1,753,000 after purchasing an additional 2,075 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of NetEase by 14.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,830 shares of the technology company's stock valued at $171,000 after buying an additional 227 shares during the last quarter. Finally, Natixis Advisors L.P. grew its holdings in NetEase by 5.8% during the fourth quarter. Natixis Advisors L.P. now owns 138,960 shares of the technology company's stock worth $12,945,000 after buying an additional 7,616 shares in the last quarter. 11.07% of the stock is owned by institutional investors.

NetEase Stock Performance

NASDAQ NTES traded down $4.93 on Tuesday, hitting $96.93. 2,192,276 shares of the stock traded hands, compared to its average volume of 1,728,288. The firm has a market capitalization of $62.49 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.94 and a beta of 0.58. The business's fifty day moving average is $100.76 and its two-hundred day moving average is $102.59. NetEase, Inc. has a 12 month low of $80.79 and a 12 month high of $118.89.

NetEase (NASDAQ:NTES - Get Free Report) last posted its quarterly 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). The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. NetEase had a net margin of 28.39% and a return on equity of 24.36%. Analysts expect that NetEase, Inc. will post 7.04 EPS for the current fiscal year.

NetEase Increases Dividend

The business 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. The ex-dividend date was Wednesday, March 13th. This represents a $4.32 annualized dividend and a dividend yield of 4.46%. This is an increase from NetEase's previous quarterly dividend of $0.50. NetEase's dividend payout ratio is currently 68.09%.

Analysts Set New Price Targets

Several equities analysts have weighed in on NTES shares. HSBC dropped their price objective on NetEase from $130.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 24th. StockNews.com downgraded shares of NetEase from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 29th. Finally, Morgan Stanley dropped their target price on shares of NetEase from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, April 12th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NetEase presently has a consensus 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.