OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires New Position in NetEase, Inc. (NASDAQ:NTES)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,000 shares of the technology company's stock, valued at approximately $3,212,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NTES. Farther Finance Advisors LLC grew its holdings in NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock valued at $30,000 after purchasing an additional 152 shares during the period. Brooklyn Investment Group purchased a new position in shares of NetEase during the 4th quarter valued at $34,000. UMB Bank n.a. grew its stake in shares of NetEase by 33.3% during the 4th quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after acquiring an additional 111 shares during the period. Live Oak Investment Partners purchased a new stake in NetEase in the 4th quarter worth about $62,000. Finally, Avior Wealth Management LLC raised its stake in NetEase by 148.9% in the 4th quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock valued at $89,000 after acquiring an additional 594 shares during the period. 11.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NTES shares. Deutsche Bank Aktiengesellschaft began coverage on shares of NetEase in a research note on Monday. They issued a "buy" rating and a $130.00 target price for the company. Benchmark boosted their target price on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, February 21st. Morgan Stanley increased their target price on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Finally, Barclays lifted their price target on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a research report on Friday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, NetEase has a consensus rating of "Moderate Buy" and an average target price of $117.14.

NetEase Trading Down 2.6%

Shares of NTES traded down $3.18 during mid-day trading on Friday, reaching $119.58. 2,015,657 shares of the stock traded hands, compared to its average volume of 1,601,186. The firm has a fifty day moving average price of $102.36 and a 200 day moving average price of $96.84. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $123.56. The company has a market cap of $75.76 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66.

NetEase (NASDAQ:NTES - Get Free Report) last posted its quarterly earnings data 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. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The company had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $27.16 billion. On average, sell-side analysts anticipate that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.435 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.46%. NetEase's dividend payout ratio (DPR) is presently 38.85%.

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.