Point72 Hong Kong Ltd Boosts Stock Position in NetEase, Inc. (NASDAQ:NTES)

Point72 Hong Kong Ltd boosted its position in NetEase, Inc. (NASDAQ:NTES - Free Report) by 556.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 139,619 shares of the technology company's stock after acquiring an additional 118,341 shares during the period. Point72 Hong Kong Ltd's holdings in NetEase were worth $12,455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NTES. Farther Finance Advisors LLC boosted its holdings in NetEase by 81.7% in the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company's stock worth $30,000 after acquiring an additional 152 shares in the last quarter. Brooklyn Investment Group bought a new position in NetEase in the fourth quarter worth approximately $34,000. UMB Bank n.a. boosted its holdings in NetEase by 33.3% in the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company's stock worth $40,000 after acquiring an additional 111 shares in the last quarter. Live Oak Investment Partners bought a new position in NetEase in the fourth quarter worth approximately $62,000. Finally, Avior Wealth Management LLC boosted its holdings in NetEase by 148.9% in the fourth quarter. Avior Wealth Management LLC now owns 993 shares of the technology company's stock worth $89,000 after acquiring an additional 594 shares in the last quarter. Institutional investors own 11.07% of the company's stock.

NetEase Stock Up 1.3%

NetEase stock traded up $1.50 during mid-day trading on Tuesday, reaching $120.60. 615,890 shares of the company's stock were exchanged, compared to its average volume of 1,597,712. The firm has a market capitalization of $76.41 billion, a PE ratio of 18.93, a P/E/G ratio of 3.37 and a beta of 0.66. The business's fifty day simple moving average is $102.94 and its 200 day simple moving average is $97.60. NetEase, Inc. has a one year low of $75.85 and a one year high of $123.56.

NetEase (NASDAQ:NTES - Get Free Report) last announced its quarterly 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 analysts' expectations of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. On average, sell-side analysts forecast that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase's payout ratio is 38.85%.

Analysts Set New Price Targets

NTES has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price target on NetEase from $120.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday. Deutsche Bank Aktiengesellschaft initiated coverage on NetEase in a report on Monday, May 12th. They issued a "buy" rating and a $130.00 target price on the stock. Morgan Stanley raised their target price on NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Barclays raised their target price on NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Benchmark raised their target price on NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, NetEase currently has a consensus rating of "Moderate Buy" and an average target price of $119.38.

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.