Greenwoods Asset Management Hong Kong Ltd. Has $324.09 Million Stake in NetEase, Inc. (NASDAQ:NTES)

Greenwoods Asset Management Hong Kong Ltd. boosted its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,632,870 shares of the technology company’s stock after buying an additional 354,273 shares during the period. NetEase makes up about 10.3% of Greenwoods Asset Management Hong Kong Ltd.’s investment portfolio, making the stock its 3rd largest holding. Greenwoods Asset Management Hong Kong Ltd. owned 0.57% of NetEase worth $324,088,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTES. Assetmark Inc. increased its position in NetEase by 27.3% during the 3rd quarter. Assetmark Inc. now owns 38,469 shares of the technology company’s stock valued at $3,597,000 after buying an additional 8,248 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of NetEase by 87.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 75,282 shares of the technology company’s stock worth $7,040,000 after purchasing an additional 35,031 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of NetEase by 20.6% in the 3rd quarter. GSA Capital Partners LLP now owns 21,853 shares of the technology company’s stock worth $2,043,000 after purchasing an additional 3,739 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in shares of NetEase by 5.5% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 7,892 shares of the technology company’s stock worth $738,000 after purchasing an additional 409 shares in the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of NetEase in the 3rd quarter worth $468,000. Institutional investors own 11.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on NTES shares. Morgan Stanley lifted their target price on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Barclays lifted 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. Benchmark lifted their price objective on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Bank of America lifted their price objective on 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 issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.57.

NetEase Price Performance

Shares of NTES opened at $101.99 on Friday. The firm has a market capitalization of $65.49 billion, a P/E ratio of 16.01, a PEG ratio of 3.37 and a beta of 0.58. The business has a fifty day moving average of $99.19 and a 200 day moving average of $90.45. NetEase, Inc. has a one year low of $75.85 and a one year high of $111.12.

NetEase (NASDAQ:NTES) last released its earnings results 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 company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. Analysts expect that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.71%. 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.