Capital International Investors Purchases 3,326 Shares of NetEase, Inc. (NASDAQ:NTES)

Capital International Investors increased its stake in NetEase, Inc. (NASDAQ:NTES - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,080,437 shares of the technology company's stock after acquiring an additional 3,326 shares during the period. Capital International Investors owned about 0.17% of NetEase worth $96,402,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. grew its position in shares of NetEase by 88.0% in the 4th quarter. Invesco Ltd. now owns 2,365,464 shares of the technology company's stock worth $211,023,000 after buying an additional 1,107,363 shares during the last quarter. FIL Ltd boosted its stake in NetEase by 160.2% during the fourth quarter. FIL Ltd now owns 1,668,359 shares of the technology company's stock worth $148,834,000 after acquiring an additional 1,027,102 shares in the last quarter. Mawer Investment Management Ltd. bought a new stake in shares of NetEase in the 4th quarter worth approximately $62,593,000. Davis Selected Advisers purchased a new stake in shares of NetEase in the fourth quarter worth $53,287,000. Finally, National Bank of Canada FI purchased a new stake in NetEase during the 4th quarter valued at about $49,710,000. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

NetEase Stock Performance

Shares of NetEase stock traded down $0.10 during trading hours on Friday, hitting $105.81. The company's stock had a trading volume of 392,670 shares, compared to its average volume of 1,618,428. The company has a market cap of $67.95 billion, a PE ratio of 16.63, a PEG ratio of 3.37 and a beta of 0.65. The business has a 50 day moving average price of $100.40 and a two-hundred day moving average price of $94.32. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $110.15.

NetEase (NASDAQ:NTES - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.14. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. As a group, research analysts anticipate that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.435 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.64%. NetEase's dividend payout ratio is currently 76.45%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Morgan Stanley lifted their target price on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Barclays lifted their price target on shares of NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Bank of America raised their target price on NetEase from $120.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Finally, Benchmark boosted their price target on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $112.67.

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.