Everstar Asset Management LLC Trims Stock Position in NetEase, Inc. (NASDAQ:NTES)

Everstar Asset Management LLC trimmed its holdings in NetEase, Inc. (NASDAQ:NTES) by 25.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,458 shares of the technology company’s stock after selling 1,905 shares during the quarter. Everstar Asset Management LLC’s holdings in NetEase were worth $487,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NTES shares. Barclays lifted their price objective on shares of NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Morgan Stanley upped their price target on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Bank of America raised their price objective on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Benchmark upped their target price on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, NetEase has a consensus rating of “Moderate Buy” and a consensus target price of $114.57.

NetEase Stock Performance

NetEase stock opened at $100.72 on Monday. The company has a market capitalization of $64.68 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. The company’s 50 day simple moving average is $102.05 and its 200-day simple moving average is $92.79. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $110.15.

NetEase (NASDAQ:NTES) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping 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 company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $27.16 billion. Equities analysts expect that NetEase, Inc. will post 6.91 earnings per share for the current year.

NetEase Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, March 6th. 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.