Infini Capital Management Ltd Takes $7.32 Million Position in NetEase, Inc. (NASDAQ:NTES)

Infini Capital Management Ltd acquired a new position in shares of NetEase, Inc. (NASDAQ:NTES) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 82,000 shares of the technology company’s stock, valued at approximately $7,315,000. NetEase accounts for 9.2% of Infini Capital Management Ltd’s portfolio, making the stock its 5th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in shares of NetEase by 33.3% in the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after acquiring an additional 111 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of NetEase by 1.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,190 shares of the technology company’s stock valued at $641,000 after purchasing an additional 114 shares in the last quarter. Brighton Jones LLC grew its stake in NetEase by 1.1% in the 4th quarter. Brighton Jones LLC now owns 10,297 shares of the technology company’s stock valued at $919,000 after buying an additional 117 shares during the last quarter. State Street Corp grew its position in NetEase by 0.3% in the 3rd quarter. State Street Corp now owns 56,729 shares of the technology company’s stock worth $5,305,000 after purchasing an additional 156 shares during the last quarter. Finally, Euro Pacific Asset Management LLC grew its position in NetEase by 1.3% in the 4th quarter. Euro Pacific Asset Management LLC now owns 13,137 shares of the technology company’s stock worth $1,172,000 after purchasing an additional 173 shares during the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Price Performance

Shares of NASDAQ NTES opened at $103.22 on Friday. The firm has a market cap of $66.28 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $114.50. The company has a 50 day simple moving average of $97.77 and a 200 day simple moving average of $89.77.

NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $27.16 billion. As a group, research analysts anticipate that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Thursday, March 6th will be paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Thursday, March 6th. NetEase’s dividend payout ratio is currently 76.61%.

Wall Street Analyst Weigh In

NTES has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Benchmark lifted their price target on shares of NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday. Bank of America boosted their price objective on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Citigroup boosted their price objective on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $111.43.

About NetEase

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.