Temasek Holdings Private Ltd Sells 81,580 Shares of NetEase, Inc. (NASDAQ:NTES)

Temasek Holdings Private Ltd reduced its position in NetEase, Inc. (NASDAQ:NTES) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 469,138 shares of the technology company’s stock after selling 81,580 shares during the quarter. Temasek Holdings Private Ltd’s holdings in NetEase were worth $41,852,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NTES. Triata Capital Ltd bought a new stake in NetEase during the 4th quarter valued at $4,855,000. Strategic Global Advisors LLC lifted its stake in shares of NetEase by 26.4% during the 4th quarter. Strategic Global Advisors LLC now owns 55,822 shares of the technology company’s stock worth $4,980,000 after purchasing an additional 11,665 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of NetEase during the 4th quarter worth $145,000. Point72 Hong Kong Ltd boosted its position in NetEase by 556.2% during the fourth quarter. Point72 Hong Kong Ltd now owns 139,619 shares of the technology company’s stock valued at $12,455,000 after purchasing an additional 118,341 shares in the last quarter. Finally, Polar Capital Holdings Plc grew its stake in NetEase by 11.1% in the fourth quarter. Polar Capital Holdings Plc now owns 2,397 shares of the technology company’s stock valued at $214,000 after purchasing an additional 240 shares during the last quarter. 11.07% of the stock is currently owned by institutional investors.

NetEase Trading Down 2.6%

NASDAQ:NTES opened at $119.58 on Friday. NetEase, Inc. has a twelve month low of $75.85 and a twelve month high of $123.56. The company has a market cap of $75.76 billion, a PE ratio of 18.77, a P/E/G ratio of 3.37 and a beta of 0.66. The company’s 50 day moving average is $102.66 and its two-hundred day moving average is $97.21.

NetEase (NASDAQ:NTES) last announced its quarterly earnings data 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 firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $27.16 billion. As a group, analysts expect that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.435 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.46%. NetEase’s payout ratio is presently 38.85%.

Wall Street Analyst Weigh In

Several analysts have commented on NTES shares. Morgan Stanley increased their price target 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 began coverage on shares of NetEase in a research report on Monday, May 12th. They set a “buy” rating and a $130.00 target price for the company. Barclays lifted their price target on shares of NetEase from $104.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Benchmark increased their price objective on NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.14.

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.