MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 155,885 shares of the technology company's stock after purchasing an additional 4,689 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in NetEase were worth $13,907,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in NTES. Invesco Ltd. increased its holdings in shares of NetEase by 88.0% during 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. Capital World Investors increased its holdings in shares of NetEase by 40.6% during the 4th quarter. Capital World Investors now owns 3,725,046 shares of the technology company's stock worth $332,311,000 after buying an additional 1,074,818 shares during the last quarter. FIL Ltd increased its holdings in shares of NetEase by 160.2% during the 4th quarter. FIL Ltd now owns 1,668,359 shares of the technology company's stock worth $148,834,000 after buying an additional 1,027,102 shares during the last quarter. Mawer Investment Management Ltd. acquired a new stake in shares of NetEase during the 4th quarter worth $62,593,000. Finally, Davis Selected Advisers acquired a new stake in shares of NetEase during the 4th quarter worth $53,287,000. Hedge funds and other institutional investors own 11.07% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on NTES shares. JPMorgan Chase & Co. increased their price objective on shares of NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday. Barclays increased their price target on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday. Morgan Stanley increased their price target on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on NetEase in a report on Monday, May 12th. They issued a "buy" rating and a $130.00 price target for the company. Finally, Benchmark increased 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 investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $119.38.
Read Our Latest Analysis on NTES
NetEase Stock Up 1.5%
Shares of NetEase stock traded up $1.84 during trading hours on Tuesday, hitting $120.94. 842,850 shares of the company's stock traded hands, compared to its average volume of 1,484,781. The stock has a 50 day simple moving average of $102.94 and a 200-day simple moving average of $97.60. The company has a market cap of $76.62 billion, a PE ratio of 18.99, a PEG ratio of 3.37 and a beta of 0.66. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $123.56.
NetEase (NASDAQ:NTES - Get Free Report) last announced its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.14. The company 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, equities research analysts predict that NetEase, Inc. will post 6.91 EPS for the current year.
NetEase Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.44%. The ex-dividend date was Thursday, March 6th. NetEase's dividend payout ratio is currently 38.85%.
About NetEase
(
Free Report)
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.
Featured Articles
Before you consider NetEase, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NetEase wasn't on the list.
While NetEase currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
