DekaBank Deutsche Girozentrale Has $1.11 Million Stock Position in NetEase, Inc. (NASDAQ:NTES)

DekaBank Deutsche Girozentrale grew its position in NetEase, Inc. (NASDAQ:NTES) by 21.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,400 shares of the technology company’s stock after purchasing an additional 2,200 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NetEase were worth $1,112,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA raised its position in NetEase by 418.9% during the fourth quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock valued at $26,000 after acquiring an additional 222 shares in the last quarter. Chilton Capital Management LLC acquired a new position in shares of NetEase during the 4th quarter worth $37,000. Pinpoint Asset Management Ltd bought a new position in shares of NetEase during the 1st quarter valued at $42,000. First Capital Advisors Group LLC. acquired a new stake in shares of NetEase in the 2nd quarter valued at $47,000. Finally, Headlands Technologies LLC acquired a new stake in shares of NetEase in the 3rd quarter valued at $56,000. 11.07% of the stock is owned by hedge funds and other institutional investors.

NetEase Stock Down 5.1 %

Shares of NASDAQ NTES opened at $92.15 on Monday. NetEase, Inc. has a 12 month low of $80.79 and a 12 month high of $118.89. The company has a market cap of $59.41 billion, a P/E ratio of 14.56, a P/E/G ratio of 0.80 and a beta of 0.58. The business’s 50 day moving average is $104.89 and its two-hundred day moving average is $103.51.

NetEase (NASDAQ:NTES) last announced its earnings results on Thursday, February 29th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.20). NetEase had a return on equity of 24.36% and a net margin of 28.39%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. Sell-side analysts expect that NetEase, Inc. will post 7.04 earnings per share for the current fiscal year.

NetEase Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $1.08 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.69%. This is a positive change from NetEase’s previous quarterly dividend of $0.50. NetEase’s dividend payout ratio is currently 67.93%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com upgraded NetEase from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 26th. Morgan Stanley cut their price objective on NetEase from $135.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $126.00.

About NetEase

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.