GUARDCAP ASSET MANAGEMENT Ltd Has $1.88 Million Holdings in NetEase, Inc. (NASDAQ:NTES)

GUARDCAP ASSET MANAGEMENT Ltd lifted its stake in NetEase, Inc. (NASDAQ:NTES) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,110 shares of the technology company’s stock after acquiring an additional 2,010 shares during the period. NetEase makes up 0.0% of GUARDCAP ASSET MANAGEMENT Ltd’s portfolio, making the stock its 24th largest holding. GUARDCAP ASSET MANAGEMENT Ltd’s holdings in NetEase were worth $1,883,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC increased its stake 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 acquiring an additional 152 shares during the period. Brooklyn Investment Group acquired a new stake in shares of NetEase during the 4th quarter worth approximately $34,000. UMB Bank n.a. increased its position in shares of NetEase by 33.3% during the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock valued at $40,000 after purchasing an additional 111 shares during the period. Live Oak Investment Partners acquired a new position in shares of NetEase in the fourth quarter valued at $62,000. Finally, RPg Family Wealth Advisory LLC bought a new position in NetEase in the third quarter worth $70,000. Institutional investors own 11.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NTES. Benchmark boosted their price target on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 21st. Bank of America upped their target price on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Morgan Stanley raised their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Barclays upped their price objective on NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Finally, StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $114.57.

NetEase Price Performance

Shares of NTES opened at $97.05 on Friday. The company has a market capitalization of $62.32 billion, a P/E ratio of 15.24, a PEG ratio of 3.37 and a beta of 0.61. NetEase, Inc. has a one year low of $75.85 and a one year high of $110.15. The business’s 50 day simple moving average is $101.86 and its 200-day simple moving average is $91.90.

NetEase (NASDAQ:NTES) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates 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 anticipate that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

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 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase’s dividend payout ratio is currently 76.45%.

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.