Generali Investments CEE investicni spolecnost a.s. Takes $1.54 Million Position in NetEase, Inc. (NASDAQ:NTES)

Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of NetEase, Inc. (NASDAQ:NTES) in the fourth quarter, Holdings Channel reports. The firm acquired 17,250 shares of the technology company’s stock, valued at approximately $1,539,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NetEase by 13,747.9% in 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. Greenwoods Asset Management Hong Kong Ltd. boosted its stake in NetEase by 10.8% in the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,632,870 shares of the technology company’s stock valued at $324,088,000 after acquiring an additional 354,273 shares in the last quarter. Hhlr Advisors LTD. grew its holdings in NetEase by 86.8% in 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 during 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 purchasing an additional 82,474 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of NetEase by 1.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company’s stock valued at $95,400,000 after purchasing an additional 10,920 shares during the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Price Performance

NASDAQ:NTES opened at $102.78 on Friday. The company’s fifty day moving average price is $99.41 and its 200-day moving average price is $90.52. NetEase, Inc. has a 1-year low of $75.85 and a 1-year high of $111.12. The firm has a market capitalization of $66.00 billion, a P/E ratio of 16.14, a PEG ratio of 3.37 and a beta of 0.61.

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

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.435 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.69%. NetEase’s dividend payout ratio is presently 76.45%.

Analysts Set New Price Targets

NTES has been the topic of several research analyst reports. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Citigroup upped their price objective on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 15th. Benchmark increased their price objective on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, February 21st. 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 research report on Wednesday, January 15th. Finally, Barclays raised their price target 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. One equities 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $114.57.

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.