Oaktree Capital Management LP Purchases 167,100 Shares of NetEase, Inc. (NASDAQ:NTES)

Oaktree Capital Management LP increased its holdings in NetEase, Inc. (NASDAQ:NTES) by 71.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 399,694 shares of the technology company’s stock after buying an additional 167,100 shares during the quarter. Oaktree Capital Management LP’s holdings in NetEase were worth $35,657,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its position in NetEase by 81.7% during the fourth quarter. Farther Finance Advisors LLC now owns 338 shares of the technology company’s stock valued at $30,000 after purchasing an additional 152 shares during the period. Brooklyn Investment Group bought a new stake in shares of NetEase in the fourth quarter worth $34,000. UMB Bank n.a. grew its holdings in shares of NetEase by 33.3% in the fourth quarter. UMB Bank n.a. now owns 444 shares of the technology company’s stock worth $40,000 after acquiring an additional 111 shares during the period. Live Oak Investment Partners purchased a new stake in NetEase during the fourth quarter valued at $62,000. Finally, Avior Wealth Management LLC boosted its position in NetEase by 148.9% in the fourth quarter. Avior Wealth Management LLC now owns 993 shares of the technology company’s stock worth $89,000 after purchasing an additional 594 shares during the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

Analysts Set New Price Targets

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

NetEase Trading Down 1.0 %

NASDAQ NTES opened at $100.72 on Friday. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $110.15. The stock’s 50 day moving average is $102.05 and its 200 day moving average is $92.69. The stock has a market cap of $64.68 billion, a PE ratio of 15.81, a P/E/G ratio of 3.37 and a beta of 0.61.

NetEase (NASDAQ:NTES) last issued its quarterly earnings data 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 net margin of 28.17% and a return on equity of 22.12%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $27.16 billion. On average, analysts forecast that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Thursday, March 6th. NetEase’s dividend payout ratio (DPR) is 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.