Brandes Investment Partners LP Has $1.69 Million Stock Holdings in NetEase, Inc. (NASDAQ:NTES)

Brandes Investment Partners LP boosted its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 111.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,166 shares of the technology company's stock after buying an additional 9,574 shares during the quarter. Brandes Investment Partners LP's holdings in NetEase were worth $1,692,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Panagora Asset Management Inc. grew its holdings in NetEase by 1.5% in the third quarter. Panagora Asset Management Inc. now owns 12,201 shares of the technology company's stock worth $1,222,000 after purchasing an additional 178 shares during the last quarter. M&T Bank Corp raised its position in shares of NetEase by 643.6% in the third quarter. M&T Bank Corp now owns 16,745 shares of the technology company's stock worth $1,677,000 after acquiring an additional 14,493 shares during the period. Signaturefd LLC raised its position in shares of NetEase by 6.6% in the third quarter. Signaturefd LLC now owns 4,889 shares of the technology company's stock worth $490,000 after acquiring an additional 303 shares during the period. Pine Haven Investment Counsel Inc acquired a new position in shares of NetEase in the third quarter worth about $200,000. Finally, Capital Wealth Planning LLC raised its position in shares of NetEase by 121.2% in the third quarter. Capital Wealth Planning LLC now owns 10,360 shares of the technology company's stock worth $1,038,000 after acquiring an additional 5,677 shares during the period. 11.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on NTES shares. Morgan Stanley cut their target price on shares of NetEase from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, April 12th. HSBC cut their target price on shares of NetEase from $130.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 24th. Finally, StockNews.com cut shares of NetEase from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 16th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $126.00.

NetEase Trading Down 5.6 %

Shares of NetEase stock traded down $5.83 on Tuesday, reaching $98.90. 2,262,802 shares of the stock were exchanged, compared to its average volume of 1,708,323. The firm has a market capitalization of $63.76 billion, a PE ratio of 15.62, a PEG ratio of 0.95 and a beta of 0.58. NetEase, Inc. has a 1-year low of $80.79 and a 1-year high of $118.89. The business has a fifty day moving average price of $99.48 and a two-hundred day moving average price of $102.22.

NetEase (NASDAQ:NTES - Get Free Report) last released 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). The company had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.96 billion. NetEase had a return on equity of 24.36% and a net margin of 28.39%. Research analysts expect that NetEase, Inc. will post 7.07 EPS for the current year.

NetEase Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.32 dividend on an annualized basis and a yield of 4.37%. This is an increase from NetEase's previous quarterly dividend of $0.50. NetEase's payout ratio is currently 68.09%.

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.