Polymer Capital Management HK LTD Has $830,000 Position in NetEase, Inc. (NASDAQ:NTES)

Polymer Capital Management HK LTD lessened its position in NetEase, Inc. (NASDAQ:NTES) by 85.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,300 shares of the technology company’s stock after selling 54,514 shares during the quarter. Polymer Capital Management HK LTD’s holdings in NetEase were worth $830,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NTES. WT Asset Management Ltd bought a new position in shares of NetEase during the 4th quarter worth approximately $2,624,000. SG Americas Securities LLC bought a new position in NetEase in the fourth quarter valued at $654,000. APEIRON CAPITAL Ltd increased its stake in NetEase by 20.5% in the 4th quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company’s stock valued at $11,537,000 after buying an additional 22,000 shares during the last quarter. SVB Wealth LLC acquired a new stake in NetEase in the 4th quarter valued at $3,817,000. Finally, Greenwoods Asset Management Hong Kong Ltd. lifted its position in NetEase by 10.8% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company’s stock worth $324,088,000 after buying an additional 354,273 shares in the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NetEase Trading Down 5.8 %

Shares of NASDAQ NTES opened at $98.86 on Monday. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $110.15. The stock has a 50 day moving average of $102.39 and a 200-day moving average of $93.74. The company has a market capitalization of $63.48 billion, a P/E ratio of 15.52, a P/E/G ratio of 3.37 and a beta of 0.65.

NetEase (NASDAQ:NTES) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. Analysts predict that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Dividend Announcement

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