Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of NetEase Inc (NASDAQ:NTES) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 10,215 shares of the technology company’s stock after buying an additional 189 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in NetEase were worth $3,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Main Street Research LLC raised its stake in shares of NetEase by 3.0% during the 4th quarter. Main Street Research LLC now owns 36,310 shares of the technology company’s stock worth $12,529,000 after purchasing an additional 1,066 shares in the last quarter. Huntington National Bank raised its stake in shares of NetEase by 106.0% during the 4th quarter. Huntington National Bank now owns 824 shares of the technology company’s stock worth $284,000 after purchasing an additional 424 shares in the last quarter. US Bancorp DE raised its stake in shares of NetEase by 24.4% during the 4th quarter. US Bancorp DE now owns 4,601 shares of the technology company’s stock worth $1,588,000 after purchasing an additional 903 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of NetEase by 1,033.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 850 shares of the technology company’s stock worth $293,000 after purchasing an additional 775 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of NetEase during the 4th quarter worth about $276,000. 48.89% of the stock is owned by institutional investors.

NetEase Inc (NASDAQ:NTES) opened at $291.63 on Friday. The company has a market capitalization of $38,257.77, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 1.48 and a beta of 0.75. NetEase Inc has a 1 year low of $252.54 and a 1 year high of $377.64.

NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Wednesday, November 15th. The technology company reported $2.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.66 by $0.20. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.84 billion. NetEase had a return on equity of 25.54% and a net margin of 19.64%. equities analysts predict that NetEase Inc will post 14.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.52%. NetEase’s dividend payout ratio is currently 30.38%.

NetEase declared that its Board of Directors has approved a stock buyback program on Wednesday, November 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

A number of equities research analysts have recently weighed in on NTES shares. Deutsche Bank set a $334.00 price target on NetEase and gave the stock a “buy” rating in a research note on Thursday, November 16th. Benchmark cut their price target on NetEase from $360.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, November 16th. Citigroup reaffirmed a “buy” rating and set a $351.00 price target on shares of NetEase in a research note on Thursday, November 16th. Vetr raised NetEase from a “hold” rating to a “buy” rating and set a $323.68 price target for the company in a research note on Monday, November 13th. Finally, ValuEngine raised NetEase from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $349.14.

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About NetEase

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

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Institutional Ownership by Quarter for NetEase (NASDAQ:NTES)

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