Capital International Inc. CA Has $42.28 Million Holdings in NetEase, Inc. (NASDAQ:NTES)

Capital International Inc. CA cut its holdings in NetEase, Inc. (NASDAQ:NTES) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 473,964 shares of the technology company’s stock after selling 18,259 shares during the period. Capital International Inc. CA’s holdings in NetEase were worth $42,282,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NTES. State Street Corp raised its stake in shares of NetEase by 0.3% in the 3rd quarter. State Street Corp now owns 56,729 shares of the technology company’s stock valued at $5,305,000 after acquiring an additional 156 shares in the last quarter. MML Investors Services LLC grew its holdings in NetEase by 12.1% during the third quarter. MML Investors Services LLC now owns 3,954 shares of the technology company’s stock valued at $370,000 after purchasing an additional 428 shares during the last quarter. Advisory Resource Group raised its position in shares of NetEase by 22.0% in the third quarter. Advisory Resource Group now owns 12,626 shares of the technology company’s stock valued at $1,181,000 after purchasing an additional 2,281 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of NetEase by 5.6% in the third quarter. Sanctuary Advisors LLC now owns 13,245 shares of the technology company’s stock worth $1,145,000 after buying an additional 701 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in shares of NetEase during the 3rd quarter worth $4,138,000. 11.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NTES shares. Barclays lifted their target price on shares of NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Bank of America increased their target price on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Benchmark lifted their price target on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Morgan Stanley increased their price objective on NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, NetEase presently has an average rating of “Moderate Buy” and an average target price of $114.57.

NetEase Trading Up 1.4 %

Shares of NASDAQ:NTES opened at $98.73 on Friday. The business’s 50 day moving average is $100.60 and its 200-day moving average is $94.29. The firm has a market capitalization of $63.40 billion, a PE ratio of 15.50, a PEG ratio of 3.37 and a beta of 0.65. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $110.15.

NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. On average, sell-side analysts predict that NetEase, Inc. will post 6.91 EPS for the current year.

NetEase Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.76%. The ex-dividend date was Thursday, March 6th. NetEase’s dividend payout ratio (DPR) is presently 76.45%.

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.