NetEase, Inc. $NTES Shares Acquired by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd grew its holdings in NetEase, Inc. (NASDAQ:NTES) by 26.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 594,507 shares of the technology company’s stock after purchasing an additional 125,369 shares during the period. Temasek Holdings Private Ltd’s holdings in NetEase were worth $61,187,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Royal Capital Wealth Management LLC purchased a new position in shares of NetEase during the first quarter worth $206,000. Edmond DE Rothschild Holding S.A. boosted its position in shares of NetEase by 5.4% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 41,100 shares of the technology company’s stock worth $4,230,000 after buying an additional 2,100 shares during the period. Advisors Asset Management Inc. boosted its position in shares of NetEase by 2.1% during the first quarter. Advisors Asset Management Inc. now owns 17,104 shares of the technology company’s stock worth $1,760,000 after buying an additional 347 shares during the period. Hhlr Advisors LTD. boosted its position in shares of NetEase by 3.1% during the first quarter. Hhlr Advisors LTD. now owns 2,668,697 shares of the technology company’s stock worth $274,662,000 after buying an additional 79,754 shares during the period. Finally, Metavasi Capital LP purchased a new position in shares of NetEase during the first quarter worth $4,117,000. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

NetEase Trading Up 0.8%

NASDAQ:NTES opened at $134.27 on Friday. The firm has a market cap of $85.07 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.79 and a beta of 0.67. The stock has a fifty day moving average price of $132.85 and a 200 day moving average price of $118.08. NetEase, Inc. has a 12-month low of $75.85 and a 12-month high of $141.45.

NetEase Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 28th will be paid a $0.675 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.70 dividend on an annualized basis and a yield of 2.0%. NetEase’s dividend payout ratio (DPR) is currently 30.72%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NTES. Arete Research upgraded NetEase to a “strong-buy” rating in a research report on Wednesday. Barclays set a $120.00 price target on NetEase and gave the stock an “equal weight” rating in a research report on Monday, August 18th. Wall Street Zen upgraded NetEase from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 30th. Deutsche Bank Aktiengesellschaft assumed coverage on NetEase in a research report on Monday, May 12th. They set a “buy” rating and a $130.00 price target for the company. Finally, JPMorgan Chase & Co. lowered NetEase from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $135.00 to $140.00 in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, NetEase currently has a consensus rating of “Moderate Buy” and an average target price of $128.78.

NetEase Company 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.