Capital International Sarl Sells 7,030 Shares of NetEase, Inc. (NASDAQ:NTES)

Capital International Sarl lessened its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 20.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 27,431 shares of the technology company’s stock after selling 7,030 shares during the period. Capital International Sarl’s holdings in NetEase were worth $2,447,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of NetEase by 88.0% during the fourth quarter. Invesco Ltd. now owns 2,365,464 shares of the technology company’s stock valued at $211,023,000 after acquiring an additional 1,107,363 shares during the period. FIL Ltd increased its position in shares of NetEase by 160.2% during the 4th quarter. FIL Ltd now owns 1,668,359 shares of the technology company’s stock worth $148,834,000 after purchasing an additional 1,027,102 shares in the last quarter. Mawer Investment Management Ltd. bought a new position in NetEase during the 4th quarter valued at about $62,593,000. Davis Selected Advisers acquired a new position in NetEase in the fourth quarter valued at about $53,287,000. Finally, National Bank of Canada FI bought a new stake in NetEase during the fourth quarter worth about $49,710,000. Institutional investors and hedge funds own 11.07% of the company’s stock.

Analysts Set New Price Targets

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

NetEase Stock Up 1.4 %

NTES stock opened at $98.73 on Friday. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $110.15. The company has a market cap of $63.40 billion, a P/E ratio of 15.50, a PEG ratio of 3.37 and a beta of 0.65. The business has a fifty day moving average of $100.60 and a 200-day moving average of $94.29.

NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $27.16 billion. As a group, equities research analysts anticipate that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.435 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.76%. NetEase’s payout ratio is presently 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.