NetEase, Inc. (NASDAQ:NTES) Stock Holdings Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in NetEase, Inc. (NASDAQ:NTES) by 7.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,778,513 shares of the technology company’s stock after selling 479,929 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.90% of NetEase worth $515,501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WT Asset Management Ltd bought a new stake in shares of NetEase in the 4th quarter worth about $2,624,000. SG Americas Securities LLC bought a new stake in shares of NetEase in the 4th quarter worth about $654,000. SVB Wealth LLC bought a new stake in shares of NetEase in the 4th quarter worth about $3,817,000. Greenwoods Asset Management Hong Kong Ltd. increased 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 worth $324,088,000 after purchasing an additional 354,273 shares during the last quarter. Finally, Focus Financial Network Inc. bought a new stake in shares of NetEase in the 4th quarter worth about $318,000. Institutional investors own 11.07% of the company’s stock.

NetEase Trading Up 1.6%

NASDAQ NTES opened at $120.99 on Wednesday. NetEase, Inc. has a 52 week low of $75.85 and a 52 week high of $123.56. The stock has a market cap of $76.66 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66. The company has a 50-day moving average price of $103.29 and a two-hundred day moving average price of $97.77.

NetEase (NASDAQ:NTES) last posted its earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.73 by $0.14. NetEase had a net margin of 28.17% and a return on equity of 22.12%. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $27.16 billion. As a group, equities research analysts expect that NetEase, Inc. will post 6.91 earnings per share for the current fiscal year.

NetEase Announces Dividend

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 1.44%. The ex-dividend date of this dividend was Thursday, March 6th. NetEase’s dividend payout ratio (DPR) is 38.85%.

Analysts Set New Price Targets

NTES has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of NetEase from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday. Barclays boosted their price objective on shares of NetEase from $104.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, May 16th. Morgan Stanley boosted their price objective on shares of NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of NetEase in a research report on Monday, May 12th. They set a “buy” rating and a $130.00 price objective for the company. Finally, Benchmark boosted 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.38.

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.