Ninety One SA PTY Ltd Increases Position in NetEase, Inc. (NASDAQ:NTES)

Ninety One SA PTY Ltd lifted its position in NetEase, Inc. (NASDAQ:NTES) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,402 shares of the technology company’s stock after purchasing an additional 2,484 shares during the period. Ninety One SA PTY Ltd’s holdings in NetEase were worth $2,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA increased its stake in shares of NetEase by 418.9% in the fourth quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock worth $26,000 after purchasing an additional 222 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of NetEase in the fourth quarter worth $37,000. Pinpoint Asset Management Ltd purchased a new stake in shares of NetEase in the first quarter worth $42,000. First Capital Advisors Group LLC. purchased a new stake in shares of NetEase in the second quarter worth $47,000. Finally, Headlands Technologies LLC purchased a new stake in shares of NetEase in the third quarter worth $56,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Trading Up 2.7 %

NTES traded up $2.45 during trading on Thursday, hitting $92.39. 1,412,610 shares of the company traded hands, compared to its average volume of 1,748,487. NetEase, Inc. has a 1 year low of $80.79 and a 1 year high of $118.89. The stock’s 50-day simple moving average is $104.05 and its two-hundred day simple moving average is $103.30. The company has a market cap of $59.57 billion, a PE ratio of 14.21, a P/E/G ratio of 0.82 and a beta of 0.58.

NetEase (NASDAQ:NTES) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.20). NetEase had a net margin of 28.39% and a return on equity of 24.36%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. Equities analysts expect that NetEase, Inc. will post 7.04 EPS for the current year.

NetEase Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.32 annualized dividend and a yield of 4.68%. This is a positive change from NetEase’s previous quarterly dividend of $0.50. NetEase’s dividend payout ratio (DPR) is 68.09%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NTES shares. StockNews.com raised shares of NetEase from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 26th. 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. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $126.00.

NetEase 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.