NetEase, Inc. (NASDAQ:NTES) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp lessened its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 95.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,400 shares of the technology company’s stock after selling 64,804 shares during the quarter. Alberta Investment Management Corp’s holdings in NetEase were worth $303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of NetEase by 13,747.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company’s stock worth $585,227,000 after purchasing an additional 6,213,248 shares in the last quarter. Hhlr Advisors LTD. lifted its stake in shares of NetEase by 86.8% during the third quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock worth $242,092,000 after purchasing an additional 1,203,129 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of NetEase by 7.8% during the third quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company’s stock worth $107,130,000 after acquiring an additional 82,474 shares during the last quarter. Wellington Management Group LLP increased its position in shares of NetEase by 1.1% during the third quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company’s stock worth $95,400,000 after acquiring an additional 10,920 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of NetEase by 12.3% during the third quarter. Van ECK Associates Corp now owns 666,411 shares of the technology company’s stock worth $62,316,000 after acquiring an additional 72,988 shares during the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

NetEase Stock Up 1.8 %

Shares of NetEase stock opened at $103.22 on Friday. The firm has a market cap of $66.28 billion, a P/E ratio of 16.20, a P/E/G ratio of 3.37 and a beta of 0.58. NetEase, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $114.50. The business has a 50-day moving average price of $97.77 and a 200 day moving average price of $89.77.

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, beating the consensus estimate of $1.73 by $0.14. The firm had revenue of $3.66 billion during 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%. As a group, equities research analysts anticipate that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, March 6th. NetEase’s dividend payout ratio (DPR) is presently 76.61%.

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.