NetEase, Inc. (NASDAQ:NTES) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of NetEase, Inc. (NASDAQ:NTES) by 75.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,971 shares of the technology company’s stock after selling 39,909 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in NetEase were worth $1,157,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NTES. WT Asset Management Ltd purchased a new position in NetEase in the 4th quarter worth about $2,624,000. SG Americas Securities LLC purchased a new position in shares of NetEase in the fourth quarter worth approximately $654,000. APEIRON CAPITAL Ltd increased its position in shares of NetEase by 20.5% in the fourth quarter. APEIRON CAPITAL Ltd now owns 129,321 shares of the technology company’s stock worth $11,537,000 after acquiring an additional 22,000 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of NetEase during the fourth quarter valued at approximately $3,817,000. Finally, Greenwoods Asset Management Hong Kong Ltd. lifted its position in shares of NetEase by 10.8% in the 4th 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. 11.07% of the stock is currently owned by institutional investors.

NetEase Stock Performance

Shares of NTES opened at $106.35 on Wednesday. The firm has a market cap of $68.29 billion, a PE ratio of 16.70, a PEG ratio of 3.37 and a beta of 0.61. The firm’s 50 day moving average price is $102.22 and its 200 day moving average price is $93.18. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $110.15.

NetEase (NASDAQ:NTES) last released its quarterly earnings results 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 net margin of 28.17% and a return on equity of 22.12%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. On average, sell-side analysts anticipate that NetEase, Inc. will post 6.91 earnings per share 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 given a $0.435 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.64%. NetEase’s dividend payout ratio is currently 76.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Barclays boosted their target price on shares of NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Benchmark upped their price target on 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 raised their price objective on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Finally, Morgan Stanley increased their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.